Local Content

Inadequate funds hamper Technova’s $200m pipe mill

Sep 2, 2014

Funding has stalled the implementation of a $200-million Technova pipe mill project in Ologun, Edo State, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Ernest Nwapa, has said. The mill is a 200,000-metric tonne per year capacity pipe mill and coating facility being constructed by Technova Africa Group (TAG) Limited. It is designed…

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Discos urged to patronise local meter manufacturers

Sep 2, 2014

Manufacturers of prepaid and post paid electricity meters in the country have urged the  electricity distribution companies, DISCOs, to begin to look inwards and patronise locally produced meters. The meter manufacturers said their members were at a loss to observe that the DISCOS were reluctant to patronise both the prepaid and postpaid meters from them…

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Samsung, LADOL reach out-of-court settlement on $3.8bn Egina project

Sep 1, 2014

Indications emerged at the weekend that Samsung Heavy Industries (SHI) Nigeria Limited, the first subsidiary of Samsung Heavy Industries of Korea to be established in Africa and Lagos Deep Offshore Logistics (LADOL), a 100 per cent indigenous logistics and port facility developer, have reached an out- of- court settlement on their legal dispute over the…

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Overview of the Nigerian Oil and Gas Industry Content Development Act 2010

Aug 29, 2014

It has been four years since the Nigerian Oil and Gas Industry Content Development Act 2010 was enacted into law. This piece looks at some of the core features of the Act as well as gives an overview of the Act’s key provisions. Prior to the enactment of The Nigerian Oil and Gas Industry Content…

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Kenya, Congo move to adopt Nigeria’s local content policy

Aug 28, 2014

Kenya and Congo have indicated interest to adopt the nation’s local content policy in their oil and gas industries. The two countries have already made their interests known to the Nigerian Content Development and Monitoring Board, NCDMB. The Executive Secretary of the NCDMB, Mr. Earnest Nwapa, said this shortly after he returned from Kenya’s oil…

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Power sector to adopt Nigerian content guidelines

Aug 27, 2014

The Ministry of Power has become the latest key sector of the economy to work towards replicating the success achieved with the implementation of Nigerian Content in the oil and gas industry. Speaking on Wednesday in Abuja at the Power Sector Local Content Policy Framework Development Workshop, the Minister of Power, Prof Chinedu Nebo promised…

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Addax Petroleum taken to court by Hydrodive

Aug 25, 2014

A firm, Hydrodive Nigeria Limited, has dragged Addax Petroleum Exploration Nigeria Limited before a Federal High Court in Lagos over award of oil well contract to foreigners in contravention of the Nigerian Oil and Gas Industry Content Development Act. The contract, which is the OML 126 Okwori well swaps projects named Ok-32, OK-33 and OK-34,…

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FG approves local manufacturing of gas cylinders

Aug 19, 2014

In a bid to consolidate the gains recorded in the implementation of the Nigerian Oil and Gas Industry Content Act (NOGIC) Act 2010, the federal government has approved the utilisation of part of the $350 million Nigerian Content Fund (NCF) to encourage local manufacturing of gas cylinders in the country. THISDAY gathered that the decision…

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AGIP, GE allegedly frustrating local content, gas supply

Aug 18, 2014

There are indications that many international oil companies operating in Nigeria are frustrating government efforts at achieving local content in the oil and gas industry. Manipulations and flagrant disregard of laid-down rules have become the hallmark of their operations across the country. Agip Oil Company and General Electric have been particularly fingered for their attempts…

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House endorses Technova pipe and steel industrial park

Aug 13, 2014

The House of Representative has given its support to Technova Africa Group, an indigenous conglomerate of seven wholly owned subsidiaries currently constructing a 200,000mpta pipe mill and coating facility for oil and gas industry at Ologbo, Edo State. The House Committee Chairman on Local Content, Hon Asita Honorable, who expressed readiness to support the company…

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