NCDMB Identifies Opportunities From AI In Oil Sector - Latest News
Wabote noted that the fourth edition of the Nigerian Oil and Gas Opportunity Fair 2023 would explore such emerging opportunities in the oil and gas industry, linkage sectors as well as the entire African continent.
He explained that 50 per cent of the entire $5bn project scope is currently being executed in-country through Nigerian vendors and that was achieved because key officials of the Nigeria LNG showcased the opportunities inherent in the project at the 2019 edition of NOGOF, thus enabling indigenous companies to prepare themselves adequately.
On the expansion of 2023 NOGOF to linkage sectors and countries, the executive secretary explained that the oil and gas industry has the potential to catalyse industrialisation and promote economic growth across sectors, not just in Nigeria, but across the continent. He emphasised the need to explore the opportunities that lie in other African countries, especially after we had built huge capacities in-country and they are not being matched by local opportunities and projects.
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