‘Ten per cent of oil industry equipment must be sourced locally'

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7 July 2011

‘Ten per cent of oil industry equipment must be sourced locally'

At least 10 per cent of all heavy equipment for use in the Nigerian oil and gas industry must be manufactured and supplied locally, the Nigerian Content Development and Monitoring Board (NCDMB) has said.

NCDMB executive secretary, Ernest Nwapa, said at the Nigerian Gas Association's Learning Solutions event in Lagos that this was in compliance with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act aimed at promoting industrialisation, job creation, and increased retention of industry spend in the country.

Mr Nwapa said the board is determined to get original equipment manufacturers, machinery parts, components and accessories established in Nigeria, although they would be free to choose which components of their wares to produce in-country.