Nigerian Oil: Blending Indigenous Roots and International Ambitions

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What makes a firm essentially Nigerian? Certainly not where it operates, but rather its people. Who founded it, who directs its day-to-day management and longer-term strategic direction. Who ‘calls the shots’ in other words.

However, there is another question. A lot of oil firms claim to be indigenous firms, and do so as a badge of honour. But why? What difference does it make?

First of all, the fact that some of Nigeria’s oil prospecting and mining leases are owned by home-grown firms should be something to be proud of. We are an enterprising nation and the fact that our own indigenous talent should be able to manage the location, extraction, production and exporting of our most abundant natural resources is a good thing

 

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