Saturday, November 2, 2024
27.2 C
Lagos

NCDMB Holds Retreat with Senate Committee on Local Content, Seeks Close Collaboration

Cross-section of NCDMB management and members of the Senate Committee on Local Content at the 3-day retreat at Abuja, aimed at forging closer collaboration between the two entities and improving implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.

The Nigerian Content Development and Monitoring Board (NCDMB) and the Senate Committee on Local Content on Sunday began a 3-day retreat at Abuja, aimed at forging closer collaboration between the two entities, to achieve improved implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.

The theme of the retreat is creating synergy for sustainable local content development and was attended by members of the committee and some senior management of the NCDMB.

Speaking at the opening ceremony on Monday, the Executive Secretary NCDMB, Engr.  Felix Omatsola Ogbe underscored the importance of collaboration with relevant stakeholders in managing and growing Nigerian Content in the oil and gas industry. He stated that the retreat is a key platform for actualising the needed collaboration, describing the National Assembly as one of the most important stakeholders to collaborate with.

He reiterated that the Board is focused on fulfilling the mandate set out by the NOGICD Act, which is basically to build the capacity of Nigerian companies and people to participate in the oil and gas industry and to monitor the compliance of oil and gas companies. He stressed that the mandate has not changed with the change of leadership in the Board.

Speaking further, Ogbe maintained that his major objective in the current role is how to sustain the growth of Nigerian Content in the oil and gas industry.

Commenting on the performance of the Board, the Executive Secretary indicated that NCDMB operates as a business enabler and supports the value chain efficiency and project delivery. He added that “consistent with the recent Presidential Directives on Local Content and in line with our Service Level Agreement (SLA) with the oil and gas industry, we are simplifying our processes and accelerating our approval timeline to enable business delivery.” He also announced that the Board was coming up with a programme where it would upgrade the quality of some primary and secondary schools in the hinterlands, as a strategy to develop competent manpower for the oil and gas industry in years to come.

In her remarks, the Chairman of the Senate Committee on Local Content, Senator Natasha Akpoti-Uduaghan lauded the successes that have been recorded with the implementation of the NOGICD Act, especially in the development of critical assets and the emergence of Nigerians with the requisite skills to deliver complex projects and lead operations of the oil and gas industry.

She however identified huge gaps for improvements, noting that the retreat provided the opportunity to create the needed interface with key stakeholders. She emphasised that close collaborations lead to higher productivity and impact, which would benefit members of the public.

She also canvassed that trainees of the Board’s on-the-job training and direct training programmes should be engaged by the oil and gas industry, otherwise, the resources committed to their training would have been wasted.

The retreat featured presentations from key directorates of the Board, including the Director, Monitoring and Evaluation, Mr. Abdulmalik Halilu, who discussed how monitoring activities are carried out by the Board, to ensure that operating and service companies comply with the provisions of the NOGICD Act. He explained that the Nigerian Content Compliance Certificate (NCCC) which is the outcome of the Board’s Projects Certification and Authorization process is converted into the monitoring template and used to monitor the operations of oil and gas firms.

Also speaking, the Director, Projects Certification and Authorisation Division (PCAD), Engr. Abayomi Bamidele suggested that players of the Nigerian oil and gas industry must ensure that at least one final investment decision (FID) is taken every year, to keep oil and gas service facilities, investments and employees engaged.

spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Bank PMI: Output Falls at Fastest Pace in 19 Months amid Intense Cost Pressures

Severe inflationary pressures caused an intensification of the downturn...

FG: 7.68m Barrels of Oil Stolen/Lost in 2023

The Federal Government says that 7.68 million crude oil...

GTCO: Market Value Hits N1.58tn on Investor, Market Confidence

GTCO Plc has started clinging near its 52-week high...

Maida, Inuwa, Adeyanju, Alakija, Others Unveiled as Speakers for AfriTECH 4.0

The organisers of Africa Tech Alliance Forum have...

AIICO Insurance: Partnership by Stakeholders Necessary to Grow Agric Sector

Making a presentation on Agricultural Insurance at the annual...

Topics

NAIC Paid N848m Claims to Farmers in 2020

Folashade Joseph Managing Director/CEO Nigerian Agricultural Insurance Corporation The Nigerian Agricultural Insurance...

AIICO Insurance Grows GWP by 21.4% to N45.5bn in H1 2022 

AIICO Insurance Plc, foremost and most resilient insurance services...

BPE to Privatise 5 Mining Firms at N108.05m

The National Council on Privatisation (NCP), at its 4th meeting...

REPORT: Ebola ‘Tipping Point’ Could Come By Late January 2015

The Ebola virus disease outbreak in West Africa has...

CIIN President, Registrar Honour The Nation’s Insurance Editor at Father’s Burial

L-R: Mr. Edwin Igbiti, President/Chairman of Council, Chartered Insurance...

Nigeria: 2016 PC Market Fell by 57%, Lowest in 9 Years

Official PC shipments to Nigeria fell 57.1% year-on-year in...

NCC, CBN to Tighten SIM Card Swap Process

The Central Bank of Nigeria (CBN) and the Nigerian...

Commonwealth Candidate, Masambu, Elected DG of ITSO

Patrick Masambu, a Uganda citizen and former chairman of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img