Growing Indigenous Participation In Oil Industry

[Shola Sholaz]

The signing of the Nigerian Content Act on April 22, 2010 by President Goodluck Jonathan marked the beginning of the turnaround in the activities of indigenous contractors in the Nigerian Oil and Gas industry.
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Indeed, the immediate result of the implementation by the Nigerian Content Development and Monitoring Board (NCDMB) through the effective supervision of the Hon Minister of Petroleum, Mrs Diezani Alison Madueke is the increase in the number of technology driven workspaces and capacity building by indigenous contractors who formerly found it difficult to compete with foreign contractors before the signing of the Act.
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As at 2013, the Petroleum Technology Association of Nigeria (PETAN) said its membership had doubled! Members are now specialized in more than 200 areas of professional competence in the Oil and Gas industry.  There is no gainsaying the success recorded in the Oil and Gas industry under Alison-Madueke's administration as manifested in the effects of her policies.