Local Content

Local content ‘delivers’ 200m line pipe mill project in Edo

Aug 11, 2014

Investments requiring huge capital often elude Nigerian businesses due mainly to the unfriendly banking environment that promotes high lending rates. It is believed that this is why many big businesses, especially in oil and gas, are partly owned by foreigners, a situation, which, however, encourages capital flight.  But in 2010, the National Assembly passed the…

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Growth Of Indigenous Technology In The Petroleum Sector In Nigeria

May 11, 2014

Technology can have a substantial impact on an industry’s performance. Consider the effect of genetic engineering on pharmaceuticals, of transistors on telecommunications and of plastics on metals. Identification of the commercial potential of technological developments has dramatically accelerated world-wide, and the lag between ideas, invention and commercialization has decreased. In the past ten to 12…

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An Overview of the Nigerian Oil and Gas Industry Local Content Initiative

Jul 29, 2013

The Nigerian Oil and Gas Industry has developed, focusing on increasing indigenous participation in the industry. This is reflected through the Nigerian government initiative of increasing Local Content and ensuring that indigenous companies have a greater part in developing oil and gas assets. The current climate of the industry has largely been influenced by the…

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