Senegal, Nigeria Partner on Local Content Strategy

A Memorandum of Understanding detailing Nigeria’s intent to aid Senegal in the process of its hydrocarbons industry nationalization through augmented local content measures was signed on Tuesday by the Nigerian Content Development and Monitoring Board and authorities from the Senegalese Petroleum Industry.

Nigeria stands among the most venerable and experienced oil and gas producing nations of West Africa and as such has decades of accumulated insight into the tying in of hydrocarbon extractions with the local economy. The country has already provided support for Gabon, Ghana, Kenya, the Niger Republic, The Republic of Congo and Uganda.

The next steps for the country involve the development a robust development plan for local content via a consultative strategy with Nigerian heads of industry, pushing towards a goal of 70% local content by 2025.

MSGBC Oil, Gas & POWER 2022

Under the patronage of H.E. Macky Sall, President of the Republic of Senegal, MSGBC Oil, Gas & Power will once again take place in Dakar, Senegal, with the event serving as a catalyst for investment and multi-sector development in 2022. To find out more visit msgbcoilgasandpower.com or contact sales@msgbcoilgasandpower.com.

Share This Article

Share on twitter
Share on facebook
Share on linkedin
Share on reddit
Share on whatsapp
Share on email

Other Reads

Elliot Connor

Elliot Connor

Elliot Connor is Energy Capital & Power's Field Editor for The Republic of the Congo region. He holds a PgD in Environmental Engineering and is currently pursuing a Masters in Business Administration. He is also a bestselling author, TED speaker and charity CEO, having priorly worked as a columnist for India’s largest newspaper: The Daily Pioneer.

Subscribe below to stay in touch about the latest news and event updates

X
X