Nigeria highlights national content growth at OTC

By Joseph BAMIDELE
Houston, Texas-The Federal Government of Nigeria has highlighted the remarkable growth in the development of local content in the nation’s oil and gas industry, stressing that passage of the Nigerian Content law in 2010 has paved the way for even greater local participation in the sector.

.Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, former President of United States of America, Mr. George Bush, President Africa Business Roundtable and National Chairman PDP, Dr. Bamanga Tukur and Group General Manager, Corporate Affairs, NNPC, Dr. Levi Ajuonuma during a high level Roundtable on pathways to Energy Sustainability in a Recovering Global Economy held in Houston Texas, over the weekend.

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, who declared the Nigerian Pavillion open at the just concluded Offshore Technology Conference (OTC) in Houston, Texas in the United States of America, said the exploits by local marketers, operators and service providers in the sector has vindicated government’s drive for indigenous participation in the industry.

She added that government was further motivated to push for more robust reform through the Petroleum Industry Bill, PIB, which will transform the nation’s oil and gas sector for the benefit of the Nigerian economy.

She said, “The progress that we have seen in the Nigerian oil and gas industry over the years is not only predicated by the number of pavilions exhibiting here today, but over the last 12 months since we were here, we have seen so much progress in the sector, the sort of creativity from our own indigenous operators and service providers that really encourages us at the leadership level to continue expanding our own frontier, to continue to given robust support to our indigenous operators and service providers.”

The Minister also acknowledged the “financial wherewithal and technological expertise and partnership that  multinational companies and foreign companies operating in the Nigerian oil and gas industry, and we expect that they will continue with us for a very long time to come.”

According to Alison-Madueke, since the passage of the Nigerian Content Act, there has been remarkable progress by industry operators and government to ensure the involvement of Nigerian companies in the offshore sector.

“It is really remarkable to see the tremendous progress that Nigerian operators and service providers have made over the past couple of years. I can only imagine what will happen in the oil and gas industry over the next three years if we continue to do what we are doing, and if we continue to move the frontiers that we are moving at this time.

“I can assure you as government representative in this industry, we will continue to aggressively and robustly support marketers, operators and service providers in the Nigerian oil and gas industry to the best of our ability as we go forward,” Alison-Madueke stated.

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