The President, Major General Muhammadu Buhari (retd.), on Saturday said the $1bn Pinnacle Oil & Gas petroleum product terminal would help to ease traffic congestion at the Apapa, Kirikiri, Ijegun axis of Lagos state. He said the terminal would also boost the economic development of the country.
Speaking at the official opening of the facility at the Free Trade Zone in Lekki, Lagos on Saturday, Buhari said traffic congestion created by petroleum product trucks had been a source of concern to his administration since 2015.
He however expressed confidence that the new terminal would help to lessen the bottleneck at the Apapa corridor and create many job opportunities.
He stated, “Production of multiple energy streams is one of the major goals of this administration, and we have identified that the congestion at Apapa Road is such that it has been hampering major development in the country.