FG moves to revive rotting $600m oil fabrication yard in Lagos

Oil fabrication yard in Lagos

FG moves to revive rotting $600m oil fabrication yard in Lagos   The Federal Government has said it is ready to champion revival of $600 million (about N228 billion) oil fabrication yard in Lagos State stalled since 2015 after a force majeure declared by an international oil company operating in the country. The Snake Island Fabrication Yard was being built by an indigenous company, Kaztec Engineering Limited, with Addax Petroleum Development Company as its technical partner. The member of the board of Nigerian National Petroleum Corporation (NNPC), Senator Magnus Abe,…

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