Â By Godfrey Bivbere
Minister of Petroleum, Mrs Allison Maduekwe, has said that signing into law of the Local Content Law, the establishment of the Local Content Development Board and Cabotage Law for the petroleum and maritime industry would contribute positively to the nationâ€™s Gross Domestic Product (GDP) shouldÂ Nigerians take advantage of the opportunities.
Speaking at a Round Table Forum put together by Nigerian Chamber of Shipping (NCS) in Lagos, the Minister explained that Local Content in the petroleum sectorÂ had been low because of the low participation of indigenous operators in both sectors.
The minister who was represented by the Corporate Secretary and Legal Adviser of the Nigerian National Petroleum Corporation (NNPC), Mrs. Yinka Omorogbe urged stakeholders to organize themselves and â€œworkout portent and practical ways to take advantage of the laudable initiative of the federal government.â€
She therefore challenged stakeholders to get equipped and ensure operational efficiency so that they do not compromise standard in the the quest for local capacity building. The minister further noted that as the supervising ministry of the oil and gas industry, they are bent on ensuring that â€œquality services and products are provided while maintaining high stakes in the economic growth of the country.â€
She called on all stakeholders to interact and workout modalities on way to implement the Local Content Law.