Local Content to Fetch $10bn

A total of $10 billion (about N1.33 trillion) will be conserved and spent on Nigeria’s upstream petroleum industry in the next five years if the local content policy is fully implemented in the sector.

Also, an estimated 82,000 jobs including 80,000 for technicians and artisans as well as 2,000 for engineers are expected to be created during the period with the coming on stream of the policy.