Nigeria Content Board reaffirms commitment to 70% in-country capacity in oil, gas industry

THE Nigeria Content Development and Monitoring Board (NCDMB) has restated its commitment to meeting 70 per cent capacity development in oil and gas in 2027, with a focus on local capacity in engineering and procurement.

The Executive Secretary of the NCDMB, Simbi Wabote, told journalists at a press conference in Abuja on Wednesday, April 19 that the Board had been monitoring the progress of local capacity development in Nigeria’s oil and gas industry.


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He put the current capacity at 54 per cent.

Wabote said, “In 2017, we launched a 10-year strategic programme, which we said would take Nigerian content to 70 per cent in 2027. We have focused on that goal and we have not deviated. We also have parameters which we used in measuring the trajectory.

“We did our last review of how much progress we have made in terms of how much the Nigerian oil and gas industry has grown in capacity, and how much we have participated in the oil and gas business focusing on engineering, fabrication, procurement and construction. All these parameters were used in measuring how far we have come.”






     

     

    He said that out of the $5 billion investment in liquified natural gas had 50 per cent of local content involvement of the country’s local engineers, fabricators and construction workers.

    He also said the NCDMB was committed to growing local capacity in neighbouring African countries under the African Continental Free Trade Area Agreement.

    Wabote informed that the forthcoming Nigeria Oil and Gas Fair next month in Bayelsa state would expand the linkage of industries to grow local capacity and development of in-house capacity.

    He said the Fair would also provide opportunities for investors, operators and government officials.

    Harrison Edeh is a journalist with the International Centre for Investigative Reporting, always determined to drive advocacy for good governance through holding public officials and businesses accountable.

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