Stakeholders in Nigeria’s oil and gas industry were pleased in October, when crude oil price rose from $70.00 to $85.00 per barrel for a reason. The rise in the price of oil was expected to boost investment, and by extension, local content development in the industry through improved funding of projects. The improved funding was also expected to culminate in award of new contracts and settlement of debts owed local contractors and others in the industry.
source https://www.vanguardngr.com/2018/12/local-content-faces-new-threat-as-oil-price-hovers-at-59-per-barrel/
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