Siemens Limited Nigeria has deepened its commitment to enhancing local content in the Nigeria’s oil and gas sector through the provision of innovative equipment, deployment of technology and offering aftermarket services.
The deepened involvement of the SLN came at a time when the federal government, as part of the Vision 2020, has identified the deficiency in qualified local manpower and low indigenous participation as part of the challenges facing the oil and gas sector. He said that one of such strategies was the creation of the Nigerian Content Development and Monitoring Board by the federal government to promote the development and utilization of in-country capacities through the effective implementation of the Nigerian Content Act while the private sector played a key role in providing critical infrastructure, either directly or in collaboration with the government under Public Private Partnership arrangements.
He said that with Siemens commitment to ensure compliance with the Nigerian Content Act, in terms of location, material and manpower, “Siemens is creating real value in Nigeria by eliminating capital flight through local production and human capital development.