Daily Independent (Lagos
9 May 2011
Lagos — The federal government at the weekend took the search for more investments into the Nigeria's multi-billion dollars oil and gas industry to Houston, Texas in the United States (U.S) where the minister of petroleum resources, Diezani Alison-Madueke restated that the Nigerian Content Act is not intended to nationalize assets of investors in the Nigerian economy.
The minister who stated this while delivering the lead paper on Investment Opportunities in the Nigerian Oil and Gas Industry maintained that the progress being recorded in the implementation of the Nigerian Oil and Gas Industry Content Development Act 2010 will ensure the successful execution of President Goodluck Jonathan's Gas Industrial Revolution.
While describing the passage and signing of the Nigerian Content Bill into law as one of the most important achievements of this administration, the Minister assured that the implementation of the Act will result in the execution of major aspects of the projects envisaged under the Gas Revolution in Nigeria
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