Project 100

Project 100:

How we made it

2019 Nigerian International Petroleum Summit (NIPS), the Minister of State, Petroleum Resources, Dr Emmanuel Ibe Kachikwu, on January 31 launched Project 100. Designed to provide institutional and financial support to 100 Indigenous oil and gas service companies, the project targets indigenous companies offering seismic, marine, engineering and drilling services to provide financial and non-financial as well as technical support and access to the market for the beneficiary companies.

At the launch of what has been described by industry players as a laudable initiative, the first set of the Project 100 beneficiaries – 60 oil service companies who were successfully selected got showcased at the event that held at the Petroleum Technology Development Fund (PTDF) headquarters in Abuja.

In this report, Peace Obi chronicles few reactions from the Project 100 beneficiaries who spoke to OER at the project launch in Abuja. These beneficiary companies who expressed profound gratitude and amazement at the level of transparency the coordinators adopted in the process, called on stakeholders to take advantage of the initiative to improve their businesses.