Benedict Peters January 20, 2017

We must rebuild Nigerian local content capacity

In the year 2000, I started building what will turn into Nigeria's biggest storage terminals in Lagos and in Port Harcourt. I had just finished a seven year sojourn of working as an executive in other Nigerian oil companies and now positioned myself to become a local content player in Nigeria. When the Nigerian local content act came out, I was propelled to be local content leader in the Nigerian oil and gas industry, as I had built the requisite infrastructure required and put in place the best brains that I could get in Nigeria to help me operate in the downstream industry.

The passage into law of the Nigerian Local Content Bill is one of the significant developments in localizing management and control of the oil and gas industry. The bill received presidential assent on the 2nd of April 2010 and created a law to provide for a framework towards indigenous content in the Nigerian oil and gas industry.

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