Nigerian government ready to work with foreign companies, says committee chair

offshore nigeria Icethorn Wikimedia CommonsNigeria's Icethorn contributes large amounts of GDP to the Nigerian economy. (Image source: Icethorn/Commons)The Nigerian government is 'ready to work with foreign companies from abroad', a Government committee chairman has said

The chairman of the local content committee Emmanuel Ekon led 12 other members of the committee on the recent 'friendly' visit to Total in Nigeria.

“As a Committee, we are impressed with what Total has done in Nigeria in the last 50 years, we are impressed with your contributions to the development of our oil and gas industry; the training of Nigerians and the transfer of technology to Nigerians,” Ekon said.

He added, “The parliament is ready to support any investor that will bring value to the country …and abide by the laws of Nigeria.” 

Managing director, Nicolas Terraz, explained Total’s activities in Nigeria in Parliament, claiming that in the past five years, Total has invested US$5bn in Nigeria, despite the fairly challenging business environment due to the fall in oil prices.

Also speaking, the deputy managing director Deep Water District, Ahmadu-Kida Musa said, “As at the time we approved the Egina Project, all the other oil companies were running from Nigeria. When we took the bold step, others were asking what we were seeing that they were not seeing and for Total, it was our absolute belief in Nigeria and Nigerians’ ability to manage the project. After three years we are exceptionally proud of the project,” Musa said. 

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