Browsing: Chief Timipre Sylva

Speaking at the maiden edition of the African Local Content Roundtable, at the Nigerian Content Tower, Yenagoa, Bayelsa State, on Thursday, Sylva said through implementation of local content, Nigeria has been able to achieve significant progress in value addition, adding that Nigeria plans to achieve 70% local content compliance in the next six years.

Despite the clear awareness of the strategic and fundamental importance of a legal framework for the nation’s petroleum industry, to guide and regulate the operations, which the Petroleum Industry Bill provides, Nigeria lawmakers for over 20 years have paid no serious attention to the draft document. This setback has stunted the growth of  the downstream sector of the petroleum industry.

Chief Timipre Sylva, Minister of state Petroleum Resources, receiving a plaque from Dr. Billy Gillis-Harvey, National President Petroleum Product Retail Outlets Owners Association of Nigeria, at the Nigeria National Petroleum Corporation Towers, Abuja on Thursday.