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Funmi Ogbue

Nigeria remains a great investment destination – Funmi Ogbue

THE Nigerian Oil and Gas Fair, NOGOF, which took place in Yenagoa, Bayelsa state in April, 2019, was the brainchild of the Nigerian Content Development and Monitoring Board, NCDMB. In this interview with UDEME AKPAN, Mrs Funmi Ogbue, CEO/Principal Consultant, JAKE RILEY Limited, looks back at the event, its impact on local content in particular and economy of the nation in general.

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Local content faces new threat as oil price hovers at $59 per barrel

Stakeholders in Nigeria’s oil and gas industry were pleased in October, when crude oil price rose from $70.00 to $85.00 per barrel for a reason. The rise in the price of oil was expected to boost investment, and by extension, local content development in the industry through improved funding of projects. The improved funding was also expected to culminate in award of new contracts and settlement of debts owed local contractors and others in the industry.

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Nigeria, Saudi Arabia, others should work together to achieve oil market stability — Kachikwu

The Minister of Petroleum, Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al-Falih visited Nigeria last week and held talks with Nigeria, to forge a common alliance on the forthcoming OPEC meeting in Vienna. Nigeria’s Minister of State for Petroleum Resources, Mr. Ibe Kachikwu and his Saudi counterpart spoke with journalists, including Mike Eboh on a wide range of issues, including oil market stability.

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