nergy Mix Report recently caught up with Engineer Wole Ogunsanya, the MD/CEO of a leading indigenous service company, Geoplex Drillteq Limited. In this interview, he gives his persective on the impact of the Nigerian Content Act on local companies thus far.

It has been four years since the Nigerian Oil and Gas Industry Content Development Act 2010 was enacted into law. How do you feel the legislation has impacted upon your business activities in this time span?

It has been a mix of challenges and successes. We have had to learn to leverage on the benefits of the Local Content Act to grow our business by expanding our capacity and acquiring better technologies to add greater composite value to the Nigerian economy. We secured strategic partnerships with leading original equipment manufacturers, this has precipitated a gradual but consistent process that would see these OEMs set up assembly plants here which would be run by our personnel. This would improve our local content performance indices and create employment for Nigerians as we position our processes to be compliant to global best practices. In essence, the legislation has impacted positively to our business.

Would you say your technical expertise and capability to handle complex jobs have improved with the inception of the Act?

Technology acquisition and manpower development have been pivotal to our business. We have seen our business grow from a single product line with severely limited capabilities to one that provides solutions to complex problems across diverse terrains from land to deepwater. We have acquired Slickline technology, expanded into Directional Drilling, Well testing, tubular inspection and riser maintenance services. We continually invest in the training and development of our personnel because they are the drivers of our success therefore we ensure they get the knowledge and skills in the industry. Our systems are built on continuous improvement, so we would keep working to get better at what we do. With increase in acquisition of tools and equipment and support from our technical partners, our technical expertise has improved tremendously since inauguration of the Act.

How effective do you feel the Nigerian Content Development & Monitoring Board (NCDMB) has been in enforcing the Nigerian Content Act and in terms of ensuring that the multinationals comply with the relevant provisions of the Act?

The board so far has been effective in ensuring that multinationals do not drive local companies out of business by their sheer size and tendency towards anti-competitive business strategies, through ensuring that Land / Swamp Contracts are awarded to local companies. However a lot more needs to be done. The board needs to set up a framework that would cause multinationals to transfer expertise and technologies to Nigerians as part of a broader strategy to ensure rapid industrialization of the country.

What are the major challenges your business as well as other indigenous companies are currently facing in terms of patronage from multinationals and as regards the promotion of local content in general?

Multinationals have come to realize that we deliver great value at minimal cost so the initial challenge of trust has been overcome. Our business requires considerably enormous financing to acquire tools and redress parts, interest rates have stood between us and the scope of work which our multinational partners often require. Epileptic power supply has increased our overhead costs and led to depletion of funds which should have been invested in technology acquisition. Indigenous companies are still faced with acquiring required technologies needed in some specialized services due to unavailability of tools in the open market thus invariably providing more opportunities for the multinational service companies with patented tools. With government support in providing adequate infrastructures and basic amenities, I believe we can establish research centers that will facilitate the manufacturing of tools and equipment to meet the industry demand.

What suggestions would you put forward to improve the local Content drive in Nigeria?

Indigenous companies should be granted tax and import duty waivers, this would allow the companies grow their businesses and break even at a sustainable rate. The Nigerian Content Development and Monitoring Board needs to work with banks to set up a special interest rate regime for indigenous contractors, this would improve access to funds for renewed investments in the industry. The government should also provide basic amenities that will facilitate local development of Research centers, manufacturing and fabrication plants that can be used in producing tools and equipment locally within the country.

Oluwaseyi Abiodun Makinde, Group Managing Director of Makon Group of Companies.

Makinde was born to a renowned teacher turned accountant; late Pa Olatubosun Makinde and Madam Abigail Makinde of Aigbofa Compound in Oja’ba, Ibadan. He is the third child of the family.

In 1997, Makinde established his first business, Makon Engineering and Technical Services Limited, (METS) after working for five years (1992-1997) with various international oil and gas companies (IOCs), as the Engineering Manager. He is now the Group Managing Director of Makon Group of Companies.

Makinde is a member of national and international professional bodies notably: Nigerian Society of Engineers (NSE), Council for Regulations of Engineering in Nigeria(COREN), Oil and Gas Design Engineers of Nigeria (OGDEN), International Society of Automation (ISA), Institute of Measurement and Control UK; and American Measurement Institute (AMI).

kn23h:
Andela - Nigeria's most innovative tech company. Andela supply Nigeria's top developers.

















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Ibadan made shoes

www.nairaland.com/attachments/5665590_1562487817959835873920567814461487744811008n_jpeg2ceffe757eea5e6e1aacfacca81c0184 www.nairaland.com/attachments/5665591_145833792895156747763732244627506063736832n_jpeg23ba16ca2936feb14220d6bcae9e0a7e
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www.nairaland.com/attachments/5665593_1503576912220223878875684118105988769251328n_jpeg8b5f188a788ce413383d1bb47a9427f3

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Konquest:


I love the ITELE Range of shoes/footware!

International Standard.

There are many more foot ware manufacturers from the S/W such as Fut Conceptus in Lagos owned by Wole Madariola
and another that supplies to the Nigerian Army such as YIKO DEEN Ltd in Lagos owned by the CEO who is just 28 years old.

Konquest:
I love the ITELE Range of shoes/footware!

International Standard.

There are many more foot ware manufacturers from the S/W such as Fut Conceptus in Lagos owned by Wole Madariola
and another that supplies to the Nigerian Army such as YIKO DEEN Ltd in Lagos owned by the CEO who is just 28 years old.

ODVanguard:
Can you do something a bit more detailed on those guys you mentioned? Like a profile with pix and all.

laudate:



Hi, there is a profile on Itele shoes on pages 123, and 130. The quaity of their shoes has been discussed extensively on other pages as well.

Andela has already been profiled extensively on pages 143, 155, 183, and 192

ODVanguard:
I meant the Fut Conceptus and the Yiko Deen Ltd. he mentioned. I'm not sure if those have been mentioned.

Markfemi2:
Yoruba tooooooo muuu h

vonxe:
Hi All,
I am suggesting we leave the posting of great and industrious omoluabis to the ffg pple:
kn23h
deomelo
laudate
hilroy

This will make this thread more organised and devoid of repetition.
if anyone has somebody in mind, just type "profile ..... so so and so" state name of company, the person' name and sector of the economy.

my 2 cent

Ijaya123:
For our fake products brothers from the potor potor land, this is where they now take solace and celebrating it to high heaven in their typical empty boasting and chest-beating

https://www.nairaland.com/3980876/nnewi-small-town-super-rich

vonxe:
profile sam and sara

confirm if delta afrik is owned by an omoluabi, a colleague did his IT there in 2009. Also confirm if it is still up and kicking

...In addition, data generated from MAN survey also showed that 69.9 per cent of total manufacturing investment in the review period, which stood at N448.94 billion, went to Ogun; thus retaining the zone as the investment haven of the nation.

Breakdown revealed that investment in Ogun increased to N313.62 billion in the review period from N302.26 billion of the corresponding half of 2015; indicating N11.36 billion increase over the period. It also increased by N259.07 billion when compared with N54.55 billion recorded in the preceding half.

Sowemimo Abiodun Alex (born on the 25th of December 1986) is a Nigerian Business Tycoon, Computer programmer and Internet entrepreneur. He is the CEO/Founder PageOmni Technology Company. He is best known as founder of the global data system of information profiling Application PagePedia. He is Nigeria's Youngest Entrepreneur. At present Sowemimo Abiodun Alex has enlarged his line of businesses to also cover PagePedia Inc, PageOmni Inc, CvPodium, Jazaza, PageOmni Technology Institute, Strata Engineering and Abiodun Sowemimo Estate. PagePedia "Always Innovating" In August 2014,In an interview with world global Technology reporter, Cameron Lawson talked about PagePedia, finding his dream, rising against the odds, his challenges and his rise as the youngest entrepreneur.

PagePedia is World's leading global data system of information profiling Application and marketing information services directory company, Founded by Sowemimo Abiodun Alex. As of June 2014, Sowemimo is the Chief executive officer of PagePedia Inc. PagePedia branded networks and numerous specialty firms provide profiling of individuals, corporate promotional content description for organization, advertising, business networking, global directory, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to more than 500 Million clients in more than 100 countries.

As a strategic holding company, PagePedia manages a portfolio of global market leaders comprised of many global profiles agency networks, numerous leading national advertising agencies; a global network of more than 175 million marketing services companies; and a media group, PagePedia Media Group, that includes several world's premier providers of media planning and buying services. PagePedia offer services in over 50 world marketing communications disciplines across more than 200 strategic brand platforms.

ODVanguard:
http://leadership.ng/2017/08/11/nigerias-manufacturing-investment-hits-n3-7trn-3-years/

Nigeria’s Manufacturing Investment Hits N3.7trn In 3 Years

MasterChen:


Baba... We gats create thread for this one oh

ODVanguard:
http://leadership.ng/2017/08/11/nigerias-manufacturing-investment-hits-n3-7trn-3-years/

Nigeria’s Manufacturing Investment Hits N3.7trn In 3 Years

ODVanguard:


That'll be great. Don't you think we should include some of such critical data concerning our Industrial and economic influence and domanance on this thread as well? This thread will always come up in Google searches and is destined to become an influential reference point and research source owing to its richness and depth.

kaysco:
Can somebody write something on Sijibomi Ogundele

Sijibomi Ogundele exemplifies the textbook definition of a Grass to Grace success story. A young man whose evolution from a barely average social standing, through hard work and perseverance, has seen him emerge as an achiever in the society. With a unique blend of entrepreneurship drive from a legal background, his vast wealth of experience as a venture capitalist-cum-investment strategist has established this astute businessman as an outstanding individual amongst his peers.

Sijibomi has transacted over N45 billion Naira in real estate over his career. Suji (as he is fondly called) started his business career in venture capital, involving a number of transactions across Europe and the Middle East. He’s worked with top CEOs and business leaders, an excerpt from an interview granted by Mr Ogundele quotes: “My position today is the dividend of hard work but above all the lessons I’ve learnt from mentors and CEOs of different multinational companies”.

His clients have included major IOCs, International investors, Banks, insurance companies, Snr government officials, Royalties, DIASPORA and high net worth individuals.

With a certified international network, innovative practices, and attention to detail, his objective of propelling the firm into a 21st century property development company of repute is fast becoming a reality;

Suji was born in Lagos Island and currently resides in Ikoyi. He has a Bachelor Legum Of Law; LL.B. from Angli ruskin university UK and has international real estate experience in the Europe, Dubai, and United States.

The successful technical partnership of his company, DeltaTek with a renowned Worldwide Engineering Design Company, WorleyParsons has attracted Foreign Direct Investment (FDI) of over 80 million US dollars leading to the formation of a new JV called DELTAAFRIK (which is 51 percent and 49 percent owned by DeltaTek Engineering a 100% indigenously owned company and WorleyParsons) respectively.

This has ultimately led to the creation of good paying employment opportunity for over 600 Nigerians in this sub-sector. DeltaAfrik has since repositioned and is one of the leading Nigerian Design Engineering, Procurement and Construction Management Companies in taking advantage of the Nigerian Content Act of the Nigerian Government, the fulfillment of the ambition of a right thinking Nigerian.
He has handled projects worth over $1Billion for major JV operators such as Chevron, Addax, Total, Exxon Mobil and other companies. http://impactyourworldng.org/academy/akinwumi-odumakinde/