Saipem Wins $900m EPCI Contract from Shell’s $5bn Offshore Project in Nigeria Emmanuel Addeh in Abuja Saipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1
billion with Shell for a deepwater oil and gas project off the coast of Nigeria, Offshore Energy magazine has reported. As part of the contract with
Shell Nigeria Exploration and Production Company Limited (SNEPCo), Saipem will deliver the Engineering, Procurement, Construction and Installation (EPCI)
of risers, flowlines, subsea umbilicals, and associated subsea structures for the Bonga North Project, located 130 kilometres offshore Nigeria. Design and fabrication activities
will be carried out locally, also involving Nigerian suppliers and subcontractors, the report added. The contract was secured in a consortium with KOA Oil & Gas
and AVEON Offshore, and has an overall value of about $1 billion, while Saipem’s share amounted Continued on page 5
FG Plans New Auto Industrial Park to Boost Local Manufacturing, Cut Costs...
Page 8
Monday, December 23, 2024 Vol 29. No 10851. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Umahi: 750km Lagos-Calabar Highway to be Reviewed to Allow for CCTVs, Others...
Page 9
2025 Budget Inadequate to Address Nigeria's Structural Challenges, Says Atiku Insists it reflects a continuation of business-as-usual fiscal practices SERAP tells Akpabio, Abbas to cut N9.4bn presidency budget for travels, meals, others Chuks Okocha in Abuja Former Vice President Atiku
Abubakar has said the 2025 budget estimates of the federal government are too inadequate
to address Nigeria's structural challenges. In a statement, Atiku said the
2025 federal budget, amounting to N48 trillion, with a revenue forecast of N35 trillion, and deficit
exceeding N13 trillion or four per cent of Gross Domestic Product (GDP), reflected a continuation of
business-as-usual fiscal practices. Continued on page 5
FG: Don’t Politicise Stampede Deaths, Says Hard Times Will Be over Soon
Sanwo-Olu: No events must hold in Lagos without consulting our safety commission Anambra police confirms 22 dead, Soludo gives guideline for distribution of palliatives ȱ ¢ȱ ȱ ȱť Buhari, Shettima, Abiodun, NAS sympathise with victims’ families PDP slams Tinubu over tragic incidents
NIGERIA POLICE FORCE 2024 CHRISTMAS CAROLS... L-R: Chief of Staff to the FCT Minister, Mr Chidi Amadi; President of the Senate, Godswill Akpabio; Wife of the IGP, Elizabeth; Inspector General of Police, Kayode Egbetokun; Deputy Inspector General of Police, Sylvester Alabi; and John Cardinal Olorunfemi Onaiyekan, cutting the Christmas cake at the Nigeria Police Force, 2024 Christmas Carols and Nine Lessons, in Abuja...last Saturday