Kunle Kalejaye 01 December 2016, Sweetcrude, Lagos — The Executive Secretary of Nigerian Content Development and Monitoring Board, NCDMB Engr.…
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Wabote said since the legislation came into effect, the oil and gas industry has recorded significant Foreign Direct Investment (FDI) in pipe mill and growth in Nigeria- owned marine vessels.
05 October 2016, Abuja – The Petroleum Technology Development Fund (PTDF) has said that it is stepping up its capacity to…
The Fund said that although it has over the years implemented a gradual domestication policy with the award of local scholarships to deserving students in Nigerian universities it has upgraded, it is now going to accelerate the process with effective utilisation of some of the institutions it developed from scratch.
02 October 2016, Abuja — The Nigerian National Petroleum Corporation, NNPC, has restated its commitment to the development of Nigerian…
04 July 2016, Lagos, Nigeria — The Chairman of the House of Representatives Committee on Local Content, Mr. Emmanuel Ekon…
He added that the Board’s interventions were expected increase local content levels to 50 per cent by 2017.
He added that the move is also a part of the industry’s low cost strategies to deliver quality services, adding that “without the PETAN seal of quality and competence the industry cannot move forward.”
He also confirmed plans to categorize companies that have invested heavily in the economy and become local content champions for specific work scopes in a way that will facilitate contract opportunities. These measures he said, will enhance transparency and further boost investor confidence.
He expressed hope that Local Content policy would be extended to other sectors of the Nigerian economy so that the gains would be multifarious.