• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
NCDMB Warns Against Tinkering With Petroleum Industry Act

Nigeria Must Upscale Local Capabilities To Achieve Energy Security — NCDMB Boss

3 years ago
South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

9 minutes ago
Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

12 hours ago
SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

15 hours ago
Cameroon: Police Lay Siege At Opposition Leader’s Home

Cameroon: Police Lay Siege At Opposition Leader’s Home

15 hours ago
Fan Confirmed Dead During UEFA Nations League Final

Fan Confirmed Dead During UEFA Nations League Final

16 hours ago
Tuesday, June 10, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Gabon: Former Coup Leader Sworn In As President

    Gabon To End Export Of Manganese By 2029, Import Of Chicken 2027

    Trump’s Tariffs Stay Active Following Appeals Court Ruling

    Trump’s Tariffs Stay Active Following Appeals Court Ruling

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Gabon: Former Coup Leader Sworn In As President

    Gabon To End Export Of Manganese By 2029, Import Of Chicken 2027

    Trump’s Tariffs Stay Active Following Appeals Court Ruling

    Trump’s Tariffs Stay Active Following Appeals Court Ruling

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Nigeria Must Upscale Local Capabilities To Achieve Energy Security — NCDMB Boss

... Says ministerial regulations on local content will drive investment in energy sector.

July 5, 2022
in Economy, Top Stories
0
NCDMB Warns Against Tinkering With Petroleum Industry Act

NCDMB Executive Secretary, Engr. Simbi Wabote.

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By John Ikani

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said Nigeria would neither be able to achieve energy security nor adequately address food shortages if the country does not upscale local capabilities.

Relatedreading

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

Engr. Wabote made the assertion on Monday while delivering his opening address at the 2022 NOG Nigerian Content Seminar in Abuja with the theme ‘Strengthening Nigerian Content Implementation with the Seven Ministerial Regulations.’

According to him: “The need for global energy security has been brought to the fore as a result of the Russian/Ukraine conflict.

“Beyond the impact on oil prices, the world has also witnessed humanitarian crises and surge in prices of food, slower growth, and faster inflation globally.

“In Sub-Saharan Africa, the higher energy and food prices is putting pressures on social harmony. Sustenance of subsidies is seriously under threat with increasing public debt profile across the continent.

“One of the key lessons of the events in the last one year is the need to develop and sustain local capacities and capabilities to tackle issues of energy security, food shortages, insufficient vaccines, and other socio-economic disruptions,” he said.

How it relates to Nigeria

Engr. Wabote’s assertion comes at a time when Nigeria is bedeviled by energy crisis that has seen the cost of diesel almost doubling over the last one year to around N850/ litre.

Similarly, the price of 12.5kg of Liquefied Petroleum Gas (Cooking Gas) increased from N7,000 in September 2021 to N9,400, as of May 31, 2022.

Nigeria is also facing severe fuel scarcity despite interventions by the Nigerian National Petroleum Company (NNPC) Limited. The products are mostly sourced externally through purchases or swap deals.

In addition, Nigeria’s four refineries in Kaduna, Warri and two in Port-Harcourt are undergoing turn around maintenance, but the government is hoping on Dangote’s 650,000 barrels per day Refinery to tackle both energy problems and salvage the country from foregn exchange spending on importation of petroleum products.

“Ministerial regulations on local content will drive investment in energy sector”

The 2022 edition of the Nigerian Content Seminar focuses on the Seven Ministerial Regulations officially gazetted by the Federal Government in 2021 and how they could be utilized to strengthen the practice of Nigerian Content.

Speaking further at the 2022 NOG Nigerian Content Seminar, the local content chieftain asserted that the seven ministerial regulations will drive investment and growth in the oil and gas sector.

Last year, the federal government approved the regulations on local content.

The regulations include training in the Nigerian Oil and Gas Industry 2021; Further Growth of Indigenous Capacity 2021; Registration of Oil and Gas Professionals with Nigerian Professional Bodies 2021; Establishment of Operations in Nigeria 2021; Nigerian Oil and Gas Research and Development 2021; and the Nigerian Oil and Gas Industry Enforcement and Compliance 2021.

Engr. Wabote said Section 40 of the NOGICD Act empowers the minister to make regulations that will establish the minimum standards in facilities, personnel, and technology for training in the oil and gas industry.

The local content boss added that the ministerial regulations seek to provide a framework for monitoring the implementation of the prescribed minimum standards for training in the oil and gas industry and achieving definite outcomes regarding the skill, experience and exposure of personnel in the oil and gas industry.

“The seven ministerial regulations are meant to strengthen the implementation of Nigerian content,” he said.

Tags: 2022 NOG Nigerian Content SeminarbreakingEngr. Simbi WaboteHeritageheritage timesheritagetimesmedialatestnewsNigerian Content Development and Monitoring Board (NCDMB)the heritage timesthtthtafricatop stories
ShareTweetSend
Previous Post

Cristiano Ronaldo Not For Sale – Man Utd Tells Premier League Rivals

Next Post

Zimbabwe To Introduce Gold Coins As Local Currency Tumbles

Related Posts

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

June 10, 2025
Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

June 9, 2025

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

Cameroon: Police Lay Siege At Opposition Leader’s Home

Fan Confirmed Dead During UEFA Nations League Final

JUST IN: Yamal Fires Blank As Portugal Pip Spain To Win UEFA Nation League

Next Post
Zimbabwe To Introduce Gold Coins As Local Currency Tumbles

Zimbabwe To Introduce Gold Coins As Local Currency Tumbles

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

June 10, 2025
Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

June 9, 2025
SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

June 9, 2025
Cameroon: Police Lay Siege At Opposition Leader’s Home

Cameroon: Police Lay Siege At Opposition Leader’s Home

June 9, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

June 10, 2025

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

June 9, 2025

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

June 9, 2025

Cameroon: Police Lay Siege At Opposition Leader’s Home

June 9, 2025

Fan Confirmed Dead During UEFA Nations League Final

June 9, 2025

JUST IN: Yamal Fires Blank As Portugal Pip Spain To Win UEFA Nation League

June 8, 2025

A New Dawn for Rivers State

June 8, 2025

Again, Osimhen Turns Down Al-Hilal Offer

June 8, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In