Shell has identified key enablers for boosting local content in the oil and gas industry, saying strategic partnerships, capacity building, and adherence to regulations would help Nigeria to derive more value from the participation of local businesses in such operations.
The remark was made by the General Manager of the Nigerian Content Development of The Shell Petroleum Development Company of Nigeria Limited (SPDC) Olanrewaju Olawuyi, at a panel session on “on “Local Content Private Sector” at the just concluded Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos.
Drawing lessons from the experience of Shell Companies in Nigeria, Olawuyi said it was necessary to encourage indigenous companies to form partnerships to deliver major work scopes.
“By awarding contracts worth $1.98 billion to Nigerian businesses in 2023, Shell has bolstered the capabilities of local firms, enabling them to become regional contractors,” he said.