CHIKUN/KAJURU REP, HON. FIDELIX BAGUDU, ANNOUNCES NEW APPOINTMENTS TO STRENGTHEN INCLUSIVE GOVERNANCE. (PHOTO).
The Federal Government has reiterated its commitment to promoting local content in Nigeria's oil and gas sector, emphasizing support for domestic pipeline production. Heineken Lokpobiri, Minister of Petroleum Resources, made the announcement during the launch of Monarch Alloys' new 33LPE and concrete weight coating facility in Lagos.
Lokpobiri stressed the importance of ending the importation of oil pipelines and preventing the dumping of foreign products, particularly from China, to sustain local industries. He vowed that under President Bola Tinubu's leadership, the government would no longer allow such practices, which harm Nigerian companies like Monarch Alloys.
He also highlighted Nigeria's potential to boost oil production but noted that outdated pipelines remain a challenge. Lokpobiri pledged continued support to local companies, ensuring that value and jobs stay within the country.
Monarch Alloys' CEO, Atul Chaudhary, announced the company's role in ending steel importation into Nigeria, contributing to the nation’s growing steel production capacity. The NCDMB’s Executive Secretary, Felix Ogbe, praised the facility as a significant step in strengthening local participation in the oil and gas industry.
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