Local Content

Shell explains its local content strategy for Nigeria

Oct 23, 2018

The Shell Nigeria Exploration and Production Company (SNEPCo), says its local content strategy was built around the national framework as developed by the Nigeria Content Development and Monitoring Board. Bayo Ojulari, its Managing Director, who stated this at the company’s recent local content exhibition in Lagos, also explained that the strategy places strong emphasis on…

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Kachikwu inaugurates Nigerian Content R&D Council

Oct 22, 2018

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has inaugurated the Nigerian Content Research and Development Council (NCRDC). The Council is expected to advise the Nigerian Content Development and Monitoring Board (NCDMB) on matters relating to research, development and innovation strategy for the oil and gas industry. Inaugurating the council, Kachikwu commended NCDMB…

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Defaulters of local content law to lose 5% on contract sum

Oct 18, 2018

Henceforth, defaulters of the local content law in the nation’s oil and gas industry are to lose five per cent on total contract sum, Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Simbi Wabote, has warned. Wabote, announced the disincentive to erring oil and gas firms during the Dangote Petroleum Refinery and Petrochemical Free…

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FG demands in-country work with Nigerian firms on NLNG’s Train 7 project

Oct 17, 2018

The engineering, procurement and construction of the planned $4.3bn Nigeria LNG Limited Train 7 plant will be done in-country by mostly indigenous companies, the Nigerian Content Development and Monitoring Board has said. According to the Executive Secretary, NCDMB, Simbi Wabote, the fabrication of pressure vessels, pipes, flare stack and other opportunities related to the Train…

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NEPZA inaugurates committee to resolve Samsung, LADOL issue

Oct 14, 2018

As part of the efforts to restore the confidence of foreign investors in Nigeria’s free zones, the Nigerian Export Processing Zones Authority (NEPZA) has set up a committee to probe into the dispute between the Lagos Deep Offshore Logistics Base (LADOL) and its foreign partner, Samsung Heavy Industries (SHI). It was gathered that the committee…

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NCDMB, Dangote partnership on local content for refinery on course

Oct 13, 2018

The Nigerian Content Development and Monitoring Board (NCDMB) has declared its intention to partner with Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) on the effective implementation of the Local Content Act in the country. Mr Anthony Chiejina, the Group Head, Media Communications, Dangote Group said this in a statement made available to…

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NigerStar 7’s Nigerian investments driven by local content laws

Oct 12, 2018

With the enactment of the Nigerian Oil and Gas Industry Content Development Act 2010, which was signed into law in 22 April 2010, indigenous Nigerian companies such as NigerStar 7, started making inroad into Nigerian maritime, as well as oil and gas industries by breaking the jinx of foreign dominance in the sector. The Local…

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NIMASA to outlaw Cabotage waivers for Total, ExxonMobil, Shell, others

Oct 12, 2018

It is definitely no more business as usual for the oil multinationals in the country as the Nigerian Maritime Administration and Safety Agency (NIMASA) has barred them from enjoying waivers under the Cabotage regime. Director-General, NIMASA, Dakuku Peterside, who disclosed this at a meeting with the Oil Producers Trade Sector (OPTS) in Lagos, said the…

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FG to intervene in LADOL/Samsung spat, as S. Korean envoy warns of future FDI impact

Oct 11, 2018

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, in Abuja Thursday promised an amicable resolution of the ongoing dispute between Samsung Heavy Industries Nigeria (SHI), and the management of Lagos Deep Offshore Logistics, (LADOL). Speaking during a courtesy call by the South Korean Ambassador to Nigeria, In-tae Lee, he said all parties in the…

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MAPs will achieve 30% local content input in metering – MEMCOL

Oct 11, 2018

Only genuine electricity consumers will get meters when the Meter Asset Providers (MAPs) start operation in January 2019, Momas Electricity Meters Manufacturing Company (MEMCOL) Chief Executive Officer, Mr. Kola Balogun, has said. By so doing, MAPs will comply with the 30% local content directive given by the Nigerian Electricity Regulatory Commission (NERC). In a telephone…

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