Samsung restates its commitment to local content in Nigeria

Samsung Heavy Industries Nigeria (SHIN) has disclosed that it built Africa’s first ever fabrication and integration yard at the LADOL free zone in Lagos to boost Nigerian content in the oil and gas sector, adding that the facility would remain Nigerian for all times and cannot be removed or carried away.

Speaking to journalists in Lagos, the Managing Director of SHIN Limited, Mr. Yong-ho Jo noted that the fabrication facility was used to execute the Floating Production Storage Offloading (FPSO) vessel for the Egina deepwater field, adding that during the peak period, the yard created over 2,000 direct jobs. According to him, SHIN and its subsidiary, SHI-MCI Fze ensured the transfer of technology through many activities.

He noted that in the development and construction of the state -of-the-art fabrication yard in Nigeria, his company trained more than 600 welders as part of human capacity development (HCD). Also under the Capacity Development Initiatives (CDI), Jo stated that his company sent 105 Nigerians on six-month training in Korea. He also disclosed that SHIN paid LADOL $2.7 million to set up a training centre at the free zone.

Source: THISDAY

 

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