Saturday, May 18^th, 2024      

FENOG Nigeria Limited is among the few indigenous companies in the country that is so far making the present Federal Government Local Content Policy Initiative a reality. This policy initiative was put in place to revolutionize the Oil and Gas sector of the economy. The Local Content Initiative of the Federal Government aims at boosting indigenous participation in this all-important sector of the economy.

When the bill was signed into law on April 22, 2010, the expectation of some Stakeholders in the Oil and Gas sector was that its implementation would probably not see the light of the day. But this expectation was proved wrong by the Nigerian Content Development and Monitoring Board (NCDMB) as it was ready to implement this policy initiative to the letter.

While few indigenous companies were skeptical at the outset to key into the policy, FENOG Nigeria Limited, a leading engineering procurement and construction services company, championed the local content policy initiative. The company has so far invested so much in the procurement of latest innovative technology and equipment within this short period of establishing the policy. The recent in its fleet are the procurement of HDD PD 500 Rig and Offshore Laying /Derrick Barge among others. This unprecedented step taken by FENOG made NCDMB Boss, Engr. Ernest Nwapa, to pay an official visit to the company's corporate headquarters in the oil-rich city of Warri, Delta State to see things for himself and also as a form of encouragement for the good work being done.