Shell explains its local content strategy for Nigeria
The Shell Nigeria Exploration and Production Company (SNEPCo), says its local content strategy was built around the national framework as developed by the Nigeria Content Development and Monitoring Board.
Bayo Ojulari, its Managing Director, who stated this at the company’s recent local content exhibition in Lagos, also explained that the strategy places strong emphasis on research and development, promotion of local manufacturing, indigenous asset ownership, and human capacity development.
He added, “Shell recognises the significant role that a viable and competitive manufacturing sector plays in the economic development of a country. Therefore, we actively seek opportunities to support and showcase strides made by Nigerian companies in the manufacturing of import-substituting goods and services, especially those required for oil exploration and production.”
He cited some ongoing initiatives by the company to further support local capacity such as the collaboration with University of Ibadan and University of Port Harcourt on research into synthetic base fluids for drilling operations using local raw materials. “This is expected to substitute imported fluids and stimulate industrial production,” he said.