Industry experts have described the ongoing sale of Shell Petroleum Development Company (SPDC) and ExxonMobil assets as a golden opportunity to deepen local content in Nigeria’s oil and gas sector.
According to stakeholders, the move will empower indigenous oil firms, enhance participation of local operators, and further build Nigeria’s technical capacity in upstream operations. The transition of these multinationals’ assets into local hands is expected to drive job creation, knowledge transfer, and retention of revenue within the country.
While concerns remain about operational continuity and funding, experts insist that the benefits far outweigh the risks — especially in the push to strengthen Nigeria’s energy independence.
They’ve called on the Federal Government to provide the necessary regulatory and financial backing to ensure indigenous players thrive in the post-transition landscape.
