During his illustrious tenure on the board, Wabote consistently advocated for a larger role of indigenous companies in the oil and gas sector. His relentless pursuit for equal participation pushed the boundaries of the industry, reshaping norms and changing the landscape of business contracts. Not only did he provide a platform for local businesses in the highly competitive market, but Wabote also spearheaded a plethora of investment opportunities within the local community, thereby championing economic growth and encouraging community development. His approach, stemming from a strong belief in local capacity building, aimed to establish a robust and sustainable infrastructural framework for the oil and gas industry.
1. Wabote consistently advocated for more involvement of indigenous companies in the oil and gas sector.
2. He promoted equal participation in the industry, challenging and changing traditional business models and contracts.
3. Wabote provided a platform for local businesses and created numerous investment opportunities in the local community.
4. His approach was rooted in a strong belief in local capacity building, aiming to establish a robust and sustainable infrastructural framework for the industry.
5. Wabote's contributions and commitment notably advanced the economic growth and indigenization of Nigeria's oil and gas industry.
Under Wabote's leadership, indigenous participation in the Nigerian oil and gas sector increased from 10% in 2010 to 32% by 2017.
Wabote's contributions to the local oil and gas industry are undeniably significant. He consistently advocated for the inclusion of indigenous companies in lucrative contracts, a move that enhanced local participation and capacity building. By driving investments towards local enterprises, Wabote facilitated economic growth and paved way for a more inclusive sector. His unwavering dedication to the upliftment of indigenous players truly signifies his commitment to the indigenization of Nigeria's oil and gas industry.