Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB); Mr Simbi Wabote, yesterday reiterated the board’s commitment to the development of indigenous operators in Nigeria’s oil and gas sector.
Wabote gave the assurance in Lagos against the backdrop of government’s effort at developing local content capacity in-country.
The Nigerian Oil and Gas Industry Content Development (NOGICD) Act was signed into law in April 2010 by the former President Goodluck Jonathan.
The Act regulates activities of the Nigerian oil and gas industry for value creation.
According to Wabote, the board will continue to boost the morale of indigenous operators by ensuring that the international oil companies do not undermine their activities in the industry.
“NCDMB was established with a mandate to ensure, among others, in-country manufacture of quality goods and services, encouragement of capacity building initiatives.
“Establishment of investment-friendly environment that will improve on the nation’s reputation ranking amongst the comity of nations,’’ he said.
According to him, the board has always given total support to indigenous operators within Nigeria’s oil and gas space to excel.
“NCDMB remains committed in encouraging Nigerian firms in the oil and gas sector to play key roles in the critical industry to strive.
“We will continue to exploit the opportunities and value retention in-country in the oil industry,’’ Wabote added.
The local content boss, however, commended some oil companies on the level of their investment and in-country capacity over the years.
He expressed confidence with the equipment and facilities of some companies towards building local capacity in-country.
Wabote promised to work with all stakeholders and servicing companies to bring down technical cost in the Nigerian oil and gas industry
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