Nigeria’s oil sector remains attractive for investment – NCDMB boss


Despite the fast changing landscape of the global oil and gas industry, “Nigeria remains attractive for investments”, said Engr. Simbi Wabote, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB) at the BHGE 2018 Annual Meeting in Florence, Italy, Oriental News reports.

Fielding questions at the Ministerial Panel, the Executive Secretary stated that Nigeria’s oil and gas industry is still very attractive to investment, regardless of various challenges facing the global oil industry since 2014.

Conceding that these challenges are real and enormous, Wabote contended that from an African perspective, “the concern for me is the emergence of artificial intelligence and robotics and how these impact on people.”

He enjoined international oil companies to pay close attention to this fact as well as environmental stewardship. He also charged operators and service companies to avoid mistakes of the past and conduct their businesses with transparency.