Sylva Pledges FG’s Support For Indigenous Oil And Gas Companies


The Minister of State Petroleum Resources Chief Timipre Sylva has Pledged the Federal Government’s support for indigenous oil and gas companies in the country.

Speaking during a tour of facilities of Lee Engineering and Construction Company’s fabrication plant, in Warri, Delta State, Sylva said it is through government’s patronage and support that the local content Act can be fully realized.

He noted that Nigeria is determined to raise the bar in promoting local content in the oil and gas sector stressing that by 2027 government plans to increase local content In the sector from its present 10% in 2020 to about 40%.

Sylva maintained that it is only through such deliberate policies that Nigeria can attain full industrialization and continue to creat jobs for Nigerians.

While commending the giant strides been made by Lee Engineering and Construction Company in promoting local content in the oil and gas sector, he said the government would support the company to achieve greater heights.

“Great effort. This is the kind of story Nigeria requires. Inspiring lives that will push the aspirations and ambitions of the youths to great heights. LEE started from humble beginning and have grown a business to levels that we can only marvel at. As government, this is the essence local content is made of, and we will stand shoulder to shoulder with LEE Engineering in their desire and quest to achieve enviable heights,” he said of the company.