By Solomon Asowata Lagos, Feb. 22, 2022 Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), has called for the
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Published 7 June 2021
The Minister of State for Petroleum Resources, Timipre Sylva, said Africa needed to be innovative and rely less on foreign funding for hydrocarbon projects, according to an official statement.
The minister said this during his keynote address at the recently concluded African Local Content Roundtable, according to a statement by the Nigerian Content Development and Monitoring Board.
He was quoted as saying Africa should “quickly create innovative funding mechanisms for major projects using local resources and break away from the yoke of depending on foreign lenders who are becoming increasingly reluctant to fund hydrocarbon-related projects.”