Oil Firms Decry Long Tender Cycles Delaying Upstream Projects Despite Tinubu’s Directives

THISDAYLIVE | 23-10-2026 04:59am |

• PETAN flags double-digit bank rates, 90-day payment delays stifling capacity Peter Uzoho Indigenous oil and gas service companies have raised alarm over long tender approval cycles and delayed payments by upstream producers, a situation that negates President Bola Tinubu’s Presidential Directives on Local Content introduced in March 2024. Service providers under the aegis of Petroleum Technology Association of Nigeria ...

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