“If we are to implement the Nigerian Content Law 100 percent, we will have to stop oil production in Nigeria, develop non-existing capacity, then start production again. The Board enforces the law with pragmatism. “
Browsing: Capacity Development Initiatives
He said, “The focus of the Board compliance monitoring had focused largely on the upstream sector operations of the industry, mainly because of the higher percentage spend in the sub-sector. In 2017, we have reorganised our monitoring structures and will pay much more attention to the implementation of Nigerian Content in the midstream and downstream sectors of the industry.”
He stated that Egina was the first major project to start under the Nigerian Content Act and the
the Board’s strategy ensured the utilization of existing in-country capacity, upgrade of facilities to meet the targets specified in the Nigerian Content Act and Capacity Development Initiatives (CDIs) where local capacities did not exist.
