The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Mr Wole Ogunsanya, has disclosed that members of the association invested 100 billion dollars in the purchase of equipment over the past year to enhance effectiveness in local content development. Ogunsanya made the disclosure at the ongoing 2026 Nigerian Local Content AfCFTA Energy Summit in Lagos. “I want to assure everyone that we will continue to support local content in Nigeria. He noted that PETAN explored the legal framework to secure legitimacy, stressing that local content development might not have achieved its current status without those early efforts. Without that, local content would not be where it is today.

Source: Nigerian Tribune February 09, 2026 11:50 UTC