FG tasked to create more rooms for local Oil/Gas Investors

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The federal government ( FG ) has been charged to do more to open the oil and gas sector wider to local players so as to further broaden the nation’s economy and spread development.

Making the call on Tuesday, while refuting media publications describing him as a staff of SAIPEM Contracting Nigeria Limited, a Warri-based oil and gas contractor, Chief Kenneth Bramor, said he has never been an employee of the Italian firm.

He said that as businessman, he does business with Saipem Contracting Nigeria Ltd, Daewoo Nig Limited, Shell, Chevron, and other oil
servicing companies operating in the Niger Delta region.

Speaking on the need to support local oil and gas companies, Bramor said with such support the oil and gas industry would be able to grow
local content, build capacity and create employment for unemployed graduates and youths in the country.

Bramor noted that his companies have provided employment to restive Niger Delta youths and have continued to train youths in the region to build their capacity and make them employable in the industry.

While calling for more indigenous participation in the oil and gas industry, he added that such step would help stabilize the restive oil-rich Niger Delta region as many youths would be gainfully employed.

The oil magnate also appealed to banks to reduce their lending rates to local communities in the country so as to grow the economy.