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LOCAL CONTENT
Oilserv, IVM Create Pedestal For Proliferation Of Locally Manufactured Vehicles By Jerome Onoja
L-R: Engr Emeka Okwuosa (Chairman, Oilserv Group) and Chief Dr. Innoson Chukwuma (Chairman, IVM) on tour of IVM facility
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n furtherance of local content develop m ent , Nigeria’s engineering, procurement and construction (EPC) giant has announced its partnership with Innoson Vehicle Manufacturing as it intends to get involved in the conceptualization, manufacturing and use of the locallymanufactured vehicles for its oil and gas operations. This is geared toward eventual proliferation of Nigerianmade vehicles.
The growth of Nigerian Content development in the oil industry is backed by the Nigeria Oil and Gas Industry Content Development Act (NOGICD Act) of 2010, a piece of legislation that was reinforced by the presidential Executive Order 003 and later Executive Order 005. All three instruments of the law point to the nation’s push for patronage of indigenous companies and growth of local capacity and capabilities.
Sequel to its order for vehicles worth 600mn Naira (US $1.58mn), Engineer Emeka Okwuosa, Chairman of Oilserv Group recently led a team of some of his C-level executives on a tour of the IVM plant in Anambra state, where both companies announced their partnership in a bid to further entrench local content and increase the supply of locally-manufactured vehicles to Oilserv’s fleet and the Nigerian oil industry.
Oilserv, a 100 per cent Nigerian-owned, EPC company with a commendable track record on big ticket projects within and outside the country has shown unwavering commitment in leading the development and expansion of Nigerian Content. Its strategic partnership with IVM is expected to spike the patronage and use of madein-Nigeria vehicles in the nation’s oil industry and beyond.
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Majorwaves Energy Report
AUGUST 2020, Vol 3 No 8
Speaking to newsmen at the tour, Okwuosa said, “As an engineering and construction firm, we build pipelines in Nigeria and across Africa; we also develop and use technologies. But overtime, we have seen IVM prove itself because it doesn’t just talk the talk but also walks the walk, so we are here to identify with him. “It’s important to note that IVM manufactures motor vehicles, they do not just assemble component parts. They take it from the scratch and adapt it to our country.
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So, we see their ingenuity as an avenue to forge a partnership. As such, we are here to see their processes and to tell the world that IVM is developing Nigerian Content, of which Oilserv is a key driver.”
