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First with the News
Home Economy

Our Aggressive Drive Has Improved The Capacity Of Nigerian Companies In The Oil And Gas Industry – NCDMB

October 27, 2021
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By Chioma Iruke

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) Engr. Simbi Wabote, has stated that the Board has in its 11 years of existence, improved the capacity of Nigerian operators in the Oil and Gas industry to 30 percent.

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The Executive Secretary made this statement at the ongoing Nigerian Content Development and Monitoring Board One-Day Workshop/Seminar titled: “Sensitization/Enlightenment on Community Content Guideline” for Imo State.

Wabote who was represented by the General Manager, Corporate Communications/Zonal Coordination, Engr Ginah O. Ginah, stated in his Keynote address that with the efforts of the NCDMB, “Today Nigerian companies are working in other African Countries just like the Multinationals”.

While explaining key provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and National Aspirations For Communities, that the Act has six key trust, namely: Integrate Oil and Gas Producing Communities into the Oil and Gas value chain; Maximize participation of Nigerians in Oil and Gas Activities; Maximize utilization of Nigerian Resources (Manpower, goods, services and assets); Maximize utilization of Nigerian Resources, (Manpower, goods, services and assets); Attract investments to Nigeria Oil and Gas sector (Service provider, Equipment supply and any other investment relevant to the oil and gas industry); Link oil and gas sector to other sectors of the economy and Foster institutional collaboration.

The event is aimed at enlightening members of the Oil and Gas Producing Host Communities in Imo State on how to enhance their participation in the Oil and Gas Industry through proper engagement.

Tags: NCDMBoil and gasSimbi Wabote
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