African governments must build capacities of local people to tap oil and gas potentials – CEO
Madam Proscovia Nabbanja, the Chief Executive Officer (CEO) of Uganda National Oil Company, says it is critical for African governments to build the capacities of its people to create indigenous experts that can explore the continent’s rich oil and gas resources. She said Africa’s oil and gas resources presented significant opportunities for growth, however, countries continued to face the challenges of translating oil wealth into long term economic benefits for the people. Madam Nabbanja said: ‘Certainly, oil and gas projects are capital intensive and require long term commitments… the ability to develop local capacities to create indigenous giants that can
