Close Menu
    What's Hot

    Oando: Undervalued Giant Poised for Comeback, Investors Await Strategic Reset

    December 9, 2025

    NNPC E&P Limited Hits Record 355,000 bpd Production

    December 9, 2025

    CBN Rejects N1.3 trn OMO Bills Subscription from Investors

    December 9, 2025
    Facebook X (Twitter) Instagram
    • Home
    • About us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, December 9
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - PETAN Urges Africa to Adopt Nigeria’s Local Content Model
    News

    PETAN Urges Africa to Adopt Nigeria’s Local Content Model

    Marketforces AfricaBy Marketforces AfricaNovember 16, 2025Updated:November 16, 2025No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    PETAN Urges Africa to Adopt Nigeria’s Local Content Model
    Share
    Facebook Twitter Pinterest Email Copy Link
    68 / 100 SEO Score

    PETAN Urges Africa to Adopt Nigeria’s Local Content Model

    Petroleum Technology Association of Nigeria (PETAN) has urged African governments to deepen public–private sector collaboration to strengthen the continent’s oil and gas value chain.

    PETAN Chairman, Mr Wole Ogunsanya, in a statement on Sunday in Lagos, was quoted to have made the call at the 4th Conference and Exhibition on Local Content in the African Oil and Gas Industry (CECLA).

    The event was organised by the African Petroleum Producers Organisation (APPO) in Kintélé, Brazzaville, Congo. Ogunsanya, represented by the association’s Secretary, Mr Kevin Nwanze, said the country’s local content model had been proven to be a pathway to sustainable industry growth.

    He said Nigeria’s local content achievements, anchored on the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and implemented by the Nigerian Content Development and Monitoring Board (NCDMB).

     This, he noted, had raised in-country value retention from five per cent in 2010 to 56 per cent in 2024, adding that the model worth replicating across Africa. “Collaboration is no longer a ‘nice-to-have’ but a ‘must-have’ for sustainable local content in Africa’s oil and gas industry,” he said.

     Ogunsanya noted that the increasing complexity of oil and gas projects demands stronger cooperation among operators, international oil companies, and local suppliers. The chairman warned that weak policies, limited financing, trust deficits, and capacity gaps remain major obstacles to effective collaboration on the continent.

     He called for clearer regulatory frameworks, transparent procurement systems, open publication of contract awards, and strong oversight mechanisms, describing them as “non-negotiable” for trust-driven partnerships.

    On Nigeria’s progress, Ogunsanya cited successful collaboration models enabled by the NOGICD Act, including the Egina FPSO topsides engineering consortium, the EnServ–Schlumberger alliance, and the Kwale Gas Gathering (KGG) Hub.

     He added that Africa must now build long-term supplier capability and invest in emerging technologies such as renewable integration, carbon capture, utilisation and storage (CCUS), and oil and gas decommissioning.

     “What has worked in Nigeria can work elsewhere. The NOGICD model is ripe for adaptation by other African jurisdictions seeking real local content growth,” he said. Ogunsanya added that strong regulation and empowered local content institutions remain critical to sustaining progress.

    Zenith Bank Edge Higher as Foreign Investors Take Positions

    PETAN Urges Africa to Adopt Nigeria’s Local Content Model
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Related Posts

    News

    Oando: Undervalued Giant Poised for Comeback, Investors Await Strategic Reset

    December 9, 2025
    News

    NNPC E&P Limited Hits Record 355,000 bpd Production

    December 9, 2025
    Markets

    CBN Rejects N1.3 trn OMO Bills Subscription from Investors

    December 9, 2025
    Financial Market

    Auction: Interest Rate on Nigerian Treasury Bills to Rise –Firm

    December 9, 2025
    News

    Nigerian Exchange Sheds N311bn as Investors Sentiment Drops

    December 9, 2025
    Companies

    Johnvents Group Marks Strong Global Expansion

    December 9, 2025
    Add A Comment

    Comments are closed.

    Editors Picks

    Oando: Undervalued Giant Poised for Comeback, Investors Await Strategic Reset

    December 9, 2025

    NNPC E&P Limited Hits Record 355,000 bpd Production

    December 9, 2025

    CBN Rejects N1.3 trn OMO Bills Subscription from Investors

    December 9, 2025

    Auction: Interest Rate on Nigerian Treasury Bills to Rise –Firm

    December 9, 2025
    Latest Posts

    Oando: Undervalued Giant Poised for Comeback, Investors Await Strategic Reset

    December 9, 2025

    NNPC E&P Limited Hits Record 355,000 bpd Production

    December 9, 2025

    CBN Rejects N1.3 trn OMO Bills Subscription from Investors

    December 9, 2025

    Auction: Interest Rate on Nigerian Treasury Bills to Rise –Firm

    December 9, 2025

    Nigerian Exchange Sheds N311bn as Investors Sentiment Drops

    December 9, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Oando: Undervalued Giant Poised for Comeback, Investors Await Strategic Reset

    December 9, 2025

    NNPC E&P Limited Hits Record 355,000 bpd Production

    December 9, 2025

    CBN Rejects N1.3 trn OMO Bills Subscription from Investors

    December 9, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.