Business
Oil Firm Lauds Local Content Laws Implementation
A Port Harcourt based
oil services company has lauded the implementation of the Local Content Laws by the federal government.
Speaking to The Tide in Port Harcourt last Friday, the Managing Director of Strides Energy and Maritime Limited, Moritz Abazie said the Local Content Law has recorded great success in creating home grown skills in the country’s oil and gas sector of the economy.
Abazie said that the Nigerian Content Act had opened the floor for indigenous companies to prove that they were capable of playing competively in the international oil and gas scene.
The company boss noted that Nigerian companies had the capacity to carry out contracts efficiently like other foreign companies dominating the oil and gas sector of the Nigerian’s economy.
He said before the implementation of the Local Content Law, Nigerian companies who had the competency in the oil and gas business were marginalised, but the situation was gradually changing now.
He said the level of the implementation of the Local Content Law had been quite impressive, stressing that the compliance level by the International Oil Companies (IOC) has been satisfactory to a reasonable extent.
Abazie explained that the Nigerian Content Act had been quite effective, useful and well cut out because it was long due, adding that Local Content Law had come to stay and the IOCs were effectively obeying and implementing such laws.
The oil firm Chief Executive Officer further emphasised that before now Nigerian companies were not given a chance in dredging services, something Nigerian companies could do, but explained that the situation had changed now with Nigerian companies dominating the dredging services through the implementation of the Local Content Act.
Philip Okparaji
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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