May 19, 2024
Over $50bn Oil Industry Projects Unveiled In Bayelsa
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Over $50bn Oil Industry Projects Unveiled In Bayelsa

The Nigerian Content Development and Monitoring Board says opportunities worth $50 billion were showcased at the 2023 Nigerian Oil and Gas Opportunity Fair which was held over the weekend in Yenagoa, Bayelsa State. 

The two-day fair drew 1,086 registered participants. 

The Executive Secretary of NCDMB, Simbi Wabote, says international and indigenous companies participated in the unveiling, adding that they would be developed within five years. According to him, the array of opportunities covered different segments of the industry and required proper collation as they run into billions of dollars.

READ ALSO: More Than 70% Of Food Exported From Nigeria Rejected Abroad – NAFDAC

He also says some of the opportunities are from the indigenous players, some by NNPC Ltd and the international oil companies. 

 

Combined over the next five years they will exceed $50bn that will be invested in the Nigerian oil and gas industry.

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