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Osun Speaker Harps On Local Content

January 3, 2020 8:50 am

The Speaker, Osun State House of Assembly, Rt. Hon. Timothy Owoeye, has called on Nigerians to focus more on locally made products to stimulate domestic production in 2020.

Owoeye, also enjoined them to always strive for the good of the land, saying the much publicised ‘Next Level’ agenda of the President Mohammadu Buhari-led All Progressives Congress (APC) must begin with every Nigerian for a more prosperous country.

The Speaker, in a new year message released by his Chief Press Secretary, Mr. Kunle Alabi, charged Nigerians to look inward and patronise indigenous manufacturers.

Owoeye, reminded Nigerians of the need to …

‘Local Content Will Curb Production Cost In Oil Industry’

November 10, 2019 2:50 am

The Minister of State, Petroleum, Chief Timipre Sylva yesterday said that federal government would continue to support local content in the oil industry, noting that it would reduce the rising cost of production in the oil industry.

Sylva spoke while inspecting the 17-story Office Complex of the Nigeria Content Development and Monitoring Board (NCDMB) and a 10 mega-watts power plant in Bayelsa expected to supply electricity to the building, the Nigerian Oil and Gas Plant Scheme (NOGAPS) and selected government institutions.

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Sylva said that local content to a large …

Planned Deregistration: Political Parties Warn Senate

Senate Pledges To Support Local Content Implementation

October 12, 2019 5:54 am

The new Senate Committee on Local Content has pledged to support and collaborate with the Nigerian Content Development and Monitoring Board (NCDMB) to strengthen the implementation of Nigerian Content in the oil and gas industry and other key sectors of the economy.

Chairman of the Senate committee in the 9th Assembly, Senator Teslim Folarin made the promise on Wednesday during the onboarding engagement session between the NCDMB and members of the committee at the Senate Chambers in Abuja.

He stated that the leadership of the Senate placed huge importance on Local Content because of its contributions to the development of …

NLNG risks ₦1b fine for local content infringement

March 26, 2019 11:34 am

The Nigeria Liquefied Natural Gas Limited (NLNG) may incur a fine of about NLNG risks ₦1b fine for local content infringement1 billion for failure to comply with the Nigerian Local Content Policy.

A Niger Delta- based company, Macobarb International Ltd, while disclosing disclosed this on Tuesday, alleging the NLNG had maliciously and fraudulently terminated its contract.