Nigeria’s oil and gas sector is expected to attract about $10 billion in investments between 2015 and 2016 through the Local Content Development Policy.
Oil and Gas sector to receive $10bn investment boost through Local Content
This was disclosed on Tuesday, May 5, 2015, by the Executive Secretary of Nigerian Content Development and Monitory Board (NCDMB), Ernest Nwapa.
Former Petroleum Minister, Diezani Alison-Madueke
This was disclosed on Tuesday, May 5, 2015, by the Executive Secretary of Nigerian Content Development and Monitory Board (NCDMB), Ernest Nwapa.
Nwapa made the disclosure at the Nigerian Investment Forum in Houston, Texas adding that over $5 billion worth of investments has been made since President Goodluck Jonathan signed the Nigerian Content Bill into law in 2010.
He also said that over $1billion has been invested in the Nigerian oil and gas industry to create capacity and execute Nigerian Content scopes provided on the Egina Deep Water Project.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
2 Wike loyalists exit Fubara's cabinet as Governor reshuffles
Ganduje believes APC is the answer to Nigeria’s problems
Spate of deaths strikes Nigerian movie industry, Nigerians calls for action
Gov Sanwo-Olu to unveil Lagos Transport Policy in May to attract investors
Palliatives not for your friends only - Sanwo-Olu warns LG against hoarding
Doctors warn snakebite victims not to bring snakes to hospital for identification
ADVERTISEMENT