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Nigeria targets 70% retention of $20 4bn spent on oil, gas projects

With the Federal Government able to retain about $8 billion of the $20.4 billion spent on some projects by oil firms between 2016 and 2021 through local content development

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Niger Delta Leaders Laud Timipre Sylva

Niger Delta Leaders Laud Timipre Sylva
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Niger Delta leaders laud Timipre Sylva

Niger Delta leaders laud Timipre Sylva
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NCDMB s Oil and Gas Parks and their many adversaries

Fossil Fuel is hurting us. It is an undeniable truth. I have heard in many conversations more often than not a very solid support for the fossil industry. Rather simple conversations on its perils and disadvantages always end with resignation by the other party that “fossil has come to stay.” While not doubting that premise, I rather believe a lot can be done to limit the harmful effect of what is here to stay with us. A lot can be said about how beneficial fossil fuel is to the economy and how it is initially cheaper and more available but, in truth, the harms still exists.

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Sylva: Job Creation Will Reduce Tensions in N Delta

By Emmanuel Addeh The Minister of State, Petroleum Resources, Mr. Timipre Sylva, has said that creating massive job opportunities in the Niger Delta region can help reduce restiveness in the oil-producing area. Speaking during an inspection of the site of the ongoing Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia local government, Bayelsa State, the minister noted that the project was capable of providing 2,000 jobs when completed. Sylva stated that local content in the oil and gas industry was critical to the achievement of President Muhammadu Buhariâs job creation plan, reiterating that the federal government in the next few years is keen on raising indigenous participation in the oil and gas sector from 30 per cent to 70 per cent.

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