A new report by the National Bureau of Statistics (NBS) has revealed that as much as 60 per cent of companies operating in the wells, drilling and engineering services segment of the Nigerian oil and gas sector believe that government policies are constraining their activities.
The document on the: “Baseline Census for Well, Drilling and Petroleum Engineering Services in the Nigerian Oil and Gas Industry,” was conducted alongside the Nigerian Content Development and Monitoring Board (NCDMB), and aimed to ensure data availability and accessibility for improved policy and decision-making.
For instance, out of the 125 companies which are active in the oil sector, 74 said that the policies of government impede them from sourcing for materials locally.
However, while 227 companies were in the database for the research, 70 firms were discovered not to be ‘involved’, 14 firms denied the team access to their facilities, while there were unsuccessful attempts in reaching out to 18 firms.
