Experts in the oil and gas industry are calling on the Nigerian government to ensure the effective implementation of local content law to protect indigenous companies in the sector.
The stakeholders made the call while speaking during a panel session titled ‘Exportation of Local Capacity: Maximising Regional Opportunities’ at the ongoing 2024 Nigeria Oil and Gas (NOG) Energy Week in Abuja on Monday.
Speaking during the panel session, Ernest Azudialu-Obiejesi, Chairman of Nestoil Limited, said countries, including Nigeria, need to enact enforceable laws. He said the lack of enforcement leaves local companies undeveloped while foreign investors repatriate investments to their countries.
