OPeOluwani Akintayo 19 April 2018, Sweetcrude, Lagos — The Oil and Gas Trainers Association, OGTAN has conferred the Local Content…
Browsing: Nigerian Content Initiative
The consensus at the event was that extending the Act to those key sectors would replicate the achievements recorded in the oil and gas industry through the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
He said that research and development (R&D) efforts by stakeholders needs to offer real value and relevance to the oil and gas industry so that companies would support and fund them.
He affirmed that there were many advantages in patronizing the local market, adding, “Nigerian companies will get the first right of refusal. We will procure anything that is available in Nigeria.”
Sola Adekunle 25 July 2017, Sweetcrude, Lagos — Local content has always been regarded as a reason for cost escalation…
Meanwhile, an outlook of upcoming activities across the upstream, midstream, and downstream sectors of the Nigerian oil and gas industry would be out in two weeks according to the Nigerian Content Development and Monitoring Board (NCDMB).
He underscored the importance of the Egina project to the Nigerian economy, particularly the addition of 200,000 barrels to the country’s daily crude oil production. Egina will also contribute to the Federal Government’s commitment to address production decline and shore up national revenue.
He confirmed that in-country integration of the FPSO and fabrication of six modules of the vessel created 5000 direct jobs and 5000 indirect jobs. Increased domiciliation of future FPSO projects through the fabrication of more modules would create additional jobs, estimated to reach 30,000, he added.
Baru noted that NNPC, as the incubator of the Nigerian Content Act, was one of the most compliant organizations in respect of the local content law and had also concerned itself to encouraging all its partners in the Nigerian Oil and Gas Industry to comply with the law.
Kunle Kalejaye 14 March 2017, Sweetcrude, Lagos — Federal Government has received commendation for implementing the Local Content Act which…
