Monday, 1 August 2011

Local content policy opens opportunities for small enterprises

The signing into law of the Nigerian Local Content Development Act in the oil and gas industry has thrown open business opportunities worth over $10 billion.

In the next few years, the programme is expected to create about 30,000 direct jobs for small-scale enterprises as many of the fabrication yards where the service of these entrepreneurs are needed are being supported to come on stream by the government through the Nigerian Content Monitoring Board (NCMB).

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