Chevron Nigeria spent $3.6 billion on Nigeria content in 2015 as part of its commitment to the Local Content Act which is aimed at developing local capacity, boosting local economies and creating job opportunities. The company said in its 2015 Corporate Responsibility Report that it consistently reserves significant portions of job scopes to benefit indigenous companies and community contractors from … Read More
Local Content Act To Prevent $80 Billion In Capital Flight
Hon. Emmanuel Okon, chairman of the senate committee on Local Content said during the inspection of a shipyard and fabrication complex operated by West African Ventures (WAV) at Onne in Rivers State that poor patronage of WAV shipyard, fabrication complex and marine facilities belonging to indigenous companies have worsened capital flight in the oil and gas industry. The committee has … Read More