Connect with us

Other News

Local Content law saves Nigeria US$2bn on LNG Train 7- Wabote

The other consortium had no footprint in-country and it proposed to put extra US$2bn on the back of the project to develop local capacity to execute the project. This is evidence of cost savings associated with the development of Local Content.”

Published

on

Modupe ASUDO

LAGOS-THE pragmatic implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act has saved Nigeria the sum of US$2bn in the Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train 7 Project.

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote dropped the hint on Thursday at the 2020 Annual Capacity Building Workshop organised by the Board for the Judiciary.

The workshop was held via zoom and it drew over 117 participants, including Justices of the Supreme Court, Appeal Court, National Industrial Court, Federal High Court and external solicitors.

Wabote delivered the keynote address at the workshop and stated that contrary to wrong insinuations held in some quarters, ample evidence has proven that sustainable Local Content practice reduces the cost of oil and gas projects in addition to creating job opportunities and economic prosperity.

He gave example with the LNG Train 7 EPC bid, where Saipem Contracting Nigeria and its consortium won the contract with a much lower bid than its competitor, leveraging its commitment to Local Content and investments in Nigeria in the last 50 years.

He said: ”In the LNG Train 7 project contract which was recently concluded and awarded, the difference in price between Saipem that had established itself in Nigeria and the second lowest bidder that was coming from outside the country was US$2bn. That’s a huge sum of money that this country would have lost if not for the drive for the development of Local Content.

“The other consortium had no footprint in-country and it proposed to put extra US$2bn on the back of the project to develop local capacity to execute the project. This is evidence of cost savings associated with the development of Local Content.”

Admitting that developing Local Content and building capacity would always entail some costs at the beginning, the Executive Secretary insisted that such costs ultimately gets reduced overtime and creates much needed jobs and stability in the polity.

He also clarified that the focus of Nigerian Content implementation is not Nigerianization, rather it encourages domiciliation of capacities and promotion of foreign direct investments and home grown investments.

He assured that the NOGICD Act would always protect investments in-country, adding that companies that build capacities are given first right of refusal in industry projects. “The law is a protective instrument for businesses. There are cable manufacturers in Lagos. If there is any opportunity to supply cables to oil and gas companies in Nigeria, those companies have the right of first refusal.”   

On the possibility of recording 100 percent Nigerian Content in the sector, the Local Content boss clarified that “the aspiration is neither possible nor desirable, especially for a developing country like Nigeria. You still need foreign direct investments. The industry is a very vast business, with high intensive technology. You still need to leave some space for foreign participation and investment to grow the industry. But you are going to see 70 percent. That is our aspiration, growing from five percent which was the level when Nigerian Content started.”

Speaking further, the Executive Secretary said Nigerian Content implementation led to the development of huge infrastructural and human capacities, which kept the operations of the oil and gas industry running smoothly at the height of COVID-19, notwithstanding the exit of most expatriates. ”Despite the impact of COVID-19 and expatriates leaving the country, Nigeria’s crude oil production never stopped. We still produced to the limit that were stipulated for us by OPEC. This confirms that Nigerian Content helped the oil and gas industry and ensured that we never felt the impact of COVID-19,” he said.

The Chief Justice of Nigeria, Hon Justice Ibrahim Tanko Muhammed delivered the opening remarks at the workshop, represented by Hon. Justice Olukayode Ariwoola JSC. He described the implementation of Local Content policies across the globe as an apparatus through which citizens of oil rich countries derive value from crude oil resources.

He also thanked the NCDMB for enhancing the capacity of the judiciary to dispense justice from an informed and contemporary position, particularly as it related to Local Content development and oil and gas operations.

Mrs. Rose Chukwuonwe, a Director of Periscope Consulting and former Coordinator Legal Services NCDMB set the background of the workshop. She indicated that one of the Board’s mandate as enshrined in the NOGICD Act, is to build in-country capacity and capabilities of key stakeholders and the legal sector is one of such important groups.

She noted that the workshop was expected to deepen the Justices’ understanding of the philosophy and objectives of the NOGICD Act, increase their understanding of the provisions of the Act and aid seamless implementation and enforcement of the Act.

The workshop was also expected to bridge the knowledge gap, create needed awareness of the workings of the Act and build the necessary synergy for effective implementation and enforcement of the NOGICD Act, she added.

In his comments, the Director of Legal Services, NCDMB, Barrister Mohammed Babangida Umar, stated that “no matter how good your law is, if you don’t have the support of the judiciary it becomes difficult to succeed.”

He assured that the Board would continue to build the capacity of the judiciary, especially the Justices, ”to enable them have a good understanding of the Local Content law, so that when matters around the Act come before them they will be in a good position to dispense Justice.”

3,685 Comments
0 0 votes
Article Rating
Subscribe
Notify of
3.7K Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
how to copy and paste text on android

Hi, Neat post. There’s a problem with your website in internet explorer, might test this?
IE nonetheless is the marketplace leader and a large element of folks will miss your excellent
writing because of this problem.

Review my web blog: how to copy and paste text on android

바카라사이트
1 year ago

It’s going to be ending of mine day, however before finish I am reading this
fantastic post to improve my experience.

ラブドール
1 year ago

what might happen when that comparison is amplified?Over the past few decades,social media has provided a bit of an answer to that question.ダッチワイフ

ラブドール
1 year ago

In season 2,South African actor Justin Harvey was one of those breakout hits,人形 セックス

ラブドール
1 year ago

The Findings1.Women were attracted to younger men’s sexual stamina.ラブドール エロ

ラブドール
1 year ago

” said Matthew withunusual vim.“I don’t fancy her style myself,高級 オナホ

ラブドール
1 year ago

リアル ラブドールfurther,emotional connection was highlighted as the most influential factor for desire for both men and women.

リアルラブドール

take a deep breath,and get into a mindful stat Put some lubricant on your fingers,<a href="https://www.erdoll.com/tag/siliconelovedoll.htmlラブドール 男

ラブドール
1 year ago

えろ 人形and increased job satisfaction.Remember,

ラブドール
1 year ago

高級 オナホhe had lookedat twenty very much as he looked at sixty,lacking a little of thegrayness.

ラブドール エロ

org.ラブドール 女性 用If you are not located in the United States,

ラブドール
1 year ago

the will ofthe most numerous or the most active part of the people; the majority,or those who succeed in making themselves accepted as the majority: thepeople,人形 エロ

ラブドール
1 year ago

corners thick with fern,高級 オナホand branching byways of maple andmountain ash.

ラブドール
1 year ago

Not only do these journals make you more aware of your food choices,ラブドール えろbut they also can help you stick to a healthy diet.

ラブドール
1 year ago

But it would never do to say so to her.I’ll justtalk it over with Rachel.エロ フィギュア 無 修正

ラブドール
1 year ago

Pear trees can grow up to a whopping 60 feet tall and can be over 300 years old.There are over 100 different kinds of bananas and not all of them are yellow.高級 ラブドール

ラブドール
1 year ago

フィギュア 無 修正and for its being guaranteed to me whennecessary.Suffering would be out of place in vaudevilles,

ラブドール
1 year ago

and overcasts with depression the truePetersburg heart so devoted to the sunand what is fancy in depression!One feels that this inexhaustible fancy is weary at last and wornout with continual exercise,because one is growing into manhood,ラブドール 女性 用

ラブドール 激安

the most common secrets include a lie we’ve told (69 percent),romantic desire (61 percent),オナドール

ラブドール
1 year ago

a greatchattering and laughing,and the sun came out of the dark sky to showthe Wicked Witch surrounded by a crowd of monkeys,ラブドール 激安

ラブドール 無 修正

Very shortly this website will be famous amid all blogging and site-building users, due to it’s nice articles

ラブドール
1 year ago

theidea of good more than justice.ラブドール オナニーThe great science of dialectic or theorganisation of ideas has no real content; but is only a type of themethod or spirit in which the higher knowledge is to be pursued by thespectator of all time and all existence.

ラブドール
1 year ago

高級 オナホIt will be my lifelong sorrow.I read of a girl once in a novel who had a lifelong sorrow but it wasn’tred hair.

ラブドール
1 year ago

エロ フィギュア 無 修正But I must go to the picnic.”“You’ll not go to picnics nor anywhere else until you’ve confessed,

ラブドール
1 year ago

ラブドール オナホone woman wrote,“A generous,

ラブドール
1 year ago

But making conversation isn’t easy.Usually,ラブドール えろ

ラブドール
1 year ago

Similarly (and absurdly considering how babies are made ) some people just can’t imagine a woman being both a mother and a whore.ラブドール えろThe idea that female sexuality and serious work,

ラブドール
1 year ago

Harvey was left standing among the season’s 4 finalists,人形 セックスalongside Hong Beom-seok,

ラブドール
1 year ago

It was still worse on the platform of the big concert hall of the hotel,where she presently found herself.ラブドール 女性 用

ラブドール
1 year ago

her clear,人形 エロpowerful,

高級 ラブドール

But don’t say aword to Matthew about it,for if he knew they were coming he’d find someexcuse to be away that day.エロオナホ

ラブドール 販売

in chastity,in fasting,ラブドール オナニー

ラブドール
1 year ago

and boyswere almost unknown creatures to them.”Curly black hair; brown skin; big,リアル ラブドール

ラブドール
1 year ago

ラブドールand was toying architecturally with the bones.Marlow sat cross-legged right aft,

ラブドール
1 year ago

Miss Jo owes me one,リアル ラブドールsoyou are finished,

ラブドール
1 year ago

This hope arose partly from memory,and partly from present observation.ラブドール エロ

ラブドール
1 year ago

disobedient,and lazy boy.ラブドール

ラブドール
1 year ago

in tight boots,エロ ロボットaffably beamed upon theworld,

ラブドール
1 year ago

and on poking it open,エロ ロボットa red eye appeared,

ラブドール
1 year ago

leave Byron’s Don Juan out of account.Mozart’s is the last of the trueDon Juans; for by the time he was of age,大型 オナホ

ラブドール
1 year ago

エロ ロボットgossip as other girls do,andbe interested in dress and flirtations and whatever nonsense comes up.

ラブドール
1 year ago

crying so dismally over her own insensibility that the kind oldgentleman,エロ ロボットthough sorely disappointed,

ラブドール
1 year ago

セックス ドールor all who draw water from the same well.A very latefashion in Tōkyō,

ラブドール
1 year ago

エロ ロボットNow that arrangement wasnot conducive to calm speech or clear thought on Jo’s part; for how_could_ she say hard things to her boy while he watched her with eyesfull of love and longing,and lashes still wet with the bitter drop ortwo her hardness of heart had wrung from him? She gently turned his headaway,

ラブドール
1 year ago

and altogetherunreliable,and greatly prefer to deal with the Chinese,セックス ドール

ラブドール
1 year ago

or wave of the hand about the platter; the unconscious uniformity of the movement deprived it of effect.In their voracity the vermin frequently fastened their sharp fangs in my fingers.ロシア エロ

ラブドール
1 year ago

ロボット エロThe girl wasscared,and begged them not to denounce her,

ラブドール
1 year ago

they notonly help in the trades or occupations they are learning,セックス ドールbut arewilling to do any kind of menial work for their master or his family inreturn for what they receive from him; for they do not pay for theirboard nor for what they are taught.

ラブドール
1 year ago

and you threw it up at the window above you.”Sterndale sprang to his feet.中国 エロ

Other News

Corruption Trials: EFCC, NJI Push Specialised Judges, Digital Evidence Reforms

Published

on

Economic and Financial Crimes Commission, EFCC,

The Economic and Financial Crimes Commission (EFCC) and the National Judicial Institute (NJI) have called for specialised judges, improved digital evidence management and legal reforms to accelerate the prosecution of corruption and other financial crime cases in Nigeria.

The recommendations were contained in a communiqué issued at the end of the 8th Capacity Building Workshop for Justices and Judges, held in Abuja from October 13 to 15, 2026.

The workshop, organised by the EFCC in collaboration with the NJI, was themed “Investigation and Prosecution of Economic and Financial Crimes in a Digital Age.”

SEE MORE: EFCC Arrests Enugu Estate MD Over Alleged N128m Land Scam

According to a statement signed by the EFCC’s Head of Media and Publicity, Dele Oyewale, the workshop brought together justices and judges from across the country, alongside EFCC investigators and prosecutors, for three days of lectures and deliberations.

Participants resolved that designating specialised judges and court staff to handle corruption cases, alongside targeted training, would help address delays in the administration of justice.

According to the communiqué, delays in resolving corruption cases “will be greatly reduced by designating specialised judges and court staff to handle such cases as well as equipping such judges and courts with necessary skills through training to ensure efficient, certain and consistent application of existing laws in the administration of justice.”

The participants also called for a balance between protecting the rights of defendants and ensuring the speedy administration of justice.

They said the criminal justice system “must strike the proper balance between fairness, efficiency and legal certainty in the protection of individual rights on one hand and the speedy administration of justice, on the other hand.”

To achieve this, they recommended reviewing relevant provisions of the Administration of Criminal Justice Act where necessary.

EFCC, NJI Seek Better Digital Evidence Management

The participants called for stronger investigation standards, including improved digital management protocols, to ensure that prosecutions rely on credible and admissible evidence.

They also recommended a more coordinated approach to obtaining confessional statements, stressing that institutionalising video recording and other necessary safeguards would protect suspects’ rights and preserve the integrity of investigations.

On asset recovery, the communiqué described Non-Conviction Based Asset Forfeiture proceedings as “an effective tool for recovery of stolen assets.”

However, participants stressed that its use “must follow extant legal protocols, adherence to human rights standards and strong institutional oversight.”

They also called for procedural reforms to allow extensions of time for freezing suspected proceeds of financial crimes.

Participants Recommend AI Guidelines for Judiciary

The communiqué further called on Ministries, Departments and Agencies in the anti-corruption sector to work with the National Assembly and the Judiciary to develop governance protocols and policy guidelines for adopting and deploying artificial intelligence in the administration of justice.

Participants also urged stakeholders to familiarise themselves with existing laws and regulations governing the investigation, prosecution and adjudication of financial crime cases involving virtual assets.

These include the Investment and Securities Act (2025), the Executive Order on Virtual Assets Coordination (2026), the Rules on Digital and Virtual Assets Operations (2026) and the Proceeds of Crime Act (2022).

The workshop also highlighted the need for increased investment in digital forensic laboratories, technology infrastructure and specialised training for investigators, prosecutors and judicial officers.

Participants called for continuous training to equip judicial officers and anti-corruption agencies with the skills required to address evolving economic and financial crimes in line with global best practices.

On the use of open-source intelligence, they said investigators, prosecutors and judicial officers should treat it primarily as a source of investigative leads and corroboration, while ensuring that evidence relied upon in court complies with applicable evidential rules.

NJI, NJC Urged to Develop Certification Courses

The communiqué recommended that the NJI, working with the National Judicial Council (NJC), develop accredited certificate and diploma courses to equip judges and other relevant stakeholders with the skills required to improve justice delivery, subject to any necessary legislative review.

Participants also called for sustained coordination among stakeholders in the administration of criminal justice, particularly in sharing information on emerging trends in the investigation and prosecution of economic and financial crimes in the digital age.

They urged heads of courts to use insights from the workshop to develop policies clarifying judicial practice on the technical issues discussed.

The workshop featured nine interactive sessions covering the admissibility of confessional statements, garnishee proceedings, abuse of court processes, asset forfeiture, artificial intelligence in investigations and prosecutions, virtual asset recovery and digital forensics.

Attendees included justices of the Supreme Court and Court of Appeal, judges of the Federal High Court, State High Courts and the High Court of the Federal Capital Territory, alongside other stakeholders in the judiciary and anti-corruption sector.

Participants expressed appreciation to President Bola Ahmed Tinubu, who was represented at the workshop by Vice-President Kashim Shettima, as well as other stakeholders and organisers who contributed to its success.

Continue Reading

Other News

LASTMA Alerts Motorists to Traffic Delays on Ogunnusi Road

Published

on

The Lagos State Traffic Management Authority (LASTMA) has alerted motorists to traffic delays along Ogunnusi Road towards Ojodu-Berger due to ongoing rehabilitation work.

LASTMA disclosed this in a post on its official X account on Sunday, stating that the road rehabilitation was being carried out by the Lagos State Public Works Corporation (LSPWC).

According to the agency, “The ongoing work is affecting traffic flow, with vehicles moving at a slower pace in both directions.”

ALSO READ: Chaos On Lagos-Ibadan Expressway As LASTMA Shuts Otedola Bridge

To ease the situation, LASTMA said a contraflow arrangement had been introduced for motorists travelling from Omole Junction towards Vis Junction.

“A contraflow arrangement is in place for vehicles coming from Omole Junction towards Vis Junction to facilitate the movement of traffic,” the agency stated.

LASTMA added that its personnel had been deployed to manage traffic and ensure the continuous movement of vehicles around the affected area.

“Our personnel are on ground managing the traffic situation and ensuring the continuous flow of vehicular movement,” the agency said.

The traffic management authority advised motorists to remain patient and exercise caution while the rehabilitation work continues.

“Motorists are advised to exercise patience and drive with caution while the rehabilitation work continues,” LASTMA stated.

Continue Reading

NEWS

Dangote Investments are Catalysts for Africa’s Economic Growth – AFC

Published

on

Leading economists, financial experts and industry stakeholders have described the Dangote Group’s investments as major drivers of industrialisation and economic transformation across Nigeria and Africa.

The experts cited the Group’s impact on job creation, import substitution, foreign exchange conservation and economic competitiveness.

They voiced their thoughts at the Lagos Economic Summit themed “The Real Deal: Africa’s Greatest Investment Opportunity,” where they urged governments to implement policies that strengthen local industries and accelerate economic diversification.

President and Chief Executive Officer of the Africa Finance Corporation (AFC), Samaila Zubairu, commended the Dangote Group’s sustained investments across Africa, describing them as critical to unlocking the continent’s economic potential.

He noted that while recent economic reforms have improved foreign exchange stability, strengthened reserves and eased inflationary pressures, the focus must now shift to growth in industry, productivity and employment.

READ ALSO: NMDPRA Shares July Domestic Cooking Gas Supply Details

Also speaking, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, said industrialisation remains the most effective path to sustainable economic development.

He called for better alignment of trade and industrial policies, stressing that local manufacturers require strategic support to compete effectively and drive broader economic benefits.

Founder and CEO of Nairametrics, Ugodre Obi-Chukwu, said Africa’s growing population presents a significant industrial opportunity, noting that investments such as the Dangote Refinery are helping to retain capital within the continent while strengthening local production capacity.

In his keynote address, Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, said Nigeria is gradually transitioning from a consumption-led economy to one driven by investment and production.

He added that sustained investments in productive sectors will continue to stimulate growth, create jobs and improve living standards.

Participants at the summit also advocated stronger credit infrastructure, improved national identification systems and increased investment in skills development to enhance the productivity and global competitiveness of Africa’s growing youth population.

Photo Caption: From Left – Chief Economist, Dangote Industries Limited, Dr. Hassan Mahmud; Lady Maiden Alex-Ibru; Chairman of Occasion/Special Guest of Honour, Samaila Zubairu; Key Note Speaker Session 1, Bismarck Rewane; during the Real Deal: Africa’s Greatest Investment Opportunity, Sponsored by Dangote Industry Limited in Lagos on Thursday 3, September 2026.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

3.7K
0
Would love your thoughts, please comment.x
()
x