Shell, Total, Chevron rank top in Nigerian content compliant survey - News Summed Up

Shell, Total, Chevron rank top in Nigerian content compliant survey


As Nigeria commemorates the 10th anniversary of the Nigerian Oil and Gas Industry Content (NOGIC) Act, otherwise called Nigerian Content Law which was passed in April 2010, Borderless, the Nigerian content advocacy group, stated in the 7th edition of its annual survey that Shell is the most compliant company in terms of NOGIC Act implementation in the year 2019. The goal of the survey is to raise awareness and promote greater commitment towards Nigerian Content development. Included in the survey is the Nigerian Content Development Perception Index (NCDPI), an annual ranking of IOCs in order of commitment to Nigerian Content, with 1, representing the most committed IOC and, 6, representing the least committed IOC to Nigerian content development. “As a developmental partner, the Nigerian Content Development and Monitoring Board (NCDMB) is perceived to have been proactive in the use of Nigerian Content palliatives to cushion the effects of Covid-19 crisis, by extending the moratorium on a loan payment and reducing the interest rate on Nigerian Content Intervention Fund (NCIF). When I say democracy…oil and gas oil and gas oil and gas oil and gas Read full storyEDITORIAL: Defence Minister’s LamentationTHE Minister of Defence, Bashir Magashi, has lamented that Nigeria’s military is too understaffed and underfunded to tackle the various security challenges facing the country.


Source: Nigerian Tribune June 12, 2020 11:37 UTC



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