Breaking News

Mudiame to invest N98bn, boost local content

By Michael Eboh

An indigenous firm, Mudiame International Limited, said it would invest $273 million, about N98 billion, to strengthen local content and human capacity development in the country, especially in the oil and gas industry.

The Managing Director of the company, Mr.  Sunny Eromosele stated in an interview that as part of the investment, which spans a period of 10 years, Mudiame International was at the verge of completing a university with primary focus on addressing human capacity challenges, which are hindering the growth of local content in Nigeria.

He further stated that Mudiame International, an ISO 17025-accredited Nigeria-based testing, calibration and inspection company, had been able to manage the issue of quality control in Nigeria.

He said: “As a company leading in the aspect of quality control, we are investing in human capacity development. That is very important. The people need to be developed first. That is why we set up a welding institute.  We are not ending with that, to be able to capture the sector better, we are setting up a university. We are going to have an industry-based university that will support the oil and gas and manufacturing industry.”

Eromosele noted that work is already on-going and  on the verge of completion at the proposed university, Mudiame University, located in Irrua, Esan Central Local Government Area of Edo State.

He decried lack of government support for the organisation, adding that the efforts of the company had not been appreciated as most requests made to the Nigerian Content Development and Monitoring Board, NCDMB, remained unattended to for years.

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.