Shell Companies in Nigeria has emerged the best compliant company of the Nigerian Content Act, according to Nigerian Content Development Perception Index (NCDPI).
The survey ranked Total as second best, followed by Sinopec Addax, Agip (NAOC) was ranked fourth, Chevron and ExxonMobil were ranked fifth and sixth respectively.
The 2019 edition of the NCDPI is the ninth edition and it was sponsored and conducted by Borderless, a not-for-profit organisation.
According to the founder of Borderless, Tunde Kusamotu, Esq., the 2019 edition is titled: ‘Looking Back, Looking Forward’ and “the goal of the survey is to raise awareness and promote greater commitment towards Nigerian Content Development.
He said other areas of concerns, according to the feedback from respondents included the disbursement of Nigerian Content Intervention Fund which they argued would be more effective if tied to already secured contracts.
“As developmental partners, the NCSMB is perceived to have performed satisfactorily in assisting indigenous companies. But as regulators, the NCDMB has performed unsatisfactorily in monitoring, sanctioning and ensuring compliance by operators,” he said.
Source: Tribune