MOTOLANI OSENI Dangote Oil Refinery has been awarded the National Oil Company of the year with the most impactful Local Content Development initiative and opportunity presenter in the downstream sub-sector of the oil and gas industry in Nigeria. The award was presented to the company virtually at the 2021 edition of the Nigerian Oil and […]
Doosuur Iwambe, Abuja In a bid to institutionalise peer review mechanism among African oil-producing countries on local content as a key development imperative for domestication and sustainable growth of Africa’s hydrocarbon resources, the Nigerian Content Development and Monitoring Board (NCDMB) is set to host the maiden edition of the African Local Content Roundtable. In a […]
The House of Representatives has charged the federal government to enforce the local content law in all sectors of the country’s economy. The Nigerian Local Content Development and Enforcement Bill, 2020, sponsored by House Speaker Femi Gbajabiamila, Rep. Ochiglegor Idagbo and six others is expected to consolidate the gains recorded with the enactment of the […]
Group Executive, Energy Infrastructure, CBG, First Bank Ltd., Bashirat Odunewu, has identified funding as key to achieving local content in the county. Odunewu, who spoke on Wednesday as one of the panellists at a session at the ongoing Nigeria International Petroleum Summit (NIPS), in Abuja, on Wednesday. She said that funding projects that had local […]
Former President Goodluck Jonathan has said the Local Content Act 2010 is the driving force in the increased participation of indigenous companies in the nation’s oil and gas sector. He lauded the efforts of indigenous companies who have taken advantage of the law to invest and participate and especially singled out Lee Engineering and Construction […]
The Federal Government says it has provided N500 billion to resuscitate the Federal Mortgage Bank of Nigeria (FMBN) to make mortgage facilities easily available to Nigerians. Alhaji Mustapha Baba-Shehuri, Minister of State for Power, Works and Housing, announced this in Lafia on Monday when he called on the Nasarawa State Deputy Governor, Mr Silas Agara. […]