Shell MD urges Nigerian firms to invest in structures

Mutiu Sunmonu, Shell MD


09 October 2013, Lagos – Managing Director of Shell Petroleum Development Company of Nigeria Limited, SPDC, Mutiu Sunmonu, has urged Nigerian companies to invest in the development of world-class processes and structures to match those available elsewhere in the world.

He said the Nigerian content was achievable, stressing that the Anglo/Dutch oil giant had a long-term and continuing commitment to Nigeria, its people and the economy.

Sunmonu spoke in Port Harcourt, the Rivers State capital, at the 3rd Nigerian Content Day/Exhibition, hosted by Shell Companies in Nigeria.

The event had as theme: “Showcasing Nigeria Manufacturing Capacity in Products, Materials, Goods, Equipment, Materials and Services in the Oil and Gas Industry.”

Sunmonu said Shell was committed to complying with the provisions of the Nigerian Oil and Gas Industry Content Development Act.

Represented by the oil firm’s General Manager, Sustainable Development and Community Relations, Nedo Osayande, Sunmonu said the Nigerian content support had been a success story.

Sunmonu said: “We need to recognise that local content is not to reduce quality of manufactured items in the sector, but to domesticate the production of goods and services that could compete favourably with those produced anywhere in the world, in terms of quality standard and prices.

“Some industry analysts have argued that the lack of awareness of available locally manufactured goods and services is a contributing factor to the low utilisation of Nigerian goods and services in the industry.

– Bisi Olaniyi, The Nation

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