NNPC, NCDMB to grow Nigerian content to 70%

The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB) have committed to growing Local Content in the Oil and Gas Industry from the current 40 per cent to 70 per cent by 2027 as part of strategies to sustain economic development in country.

NNPC Group Managing Director, Dr Maikanti Baru, made this commitment while delivering a keynote address at the 8th Practical Nigerian Content Conference in Yenogoa, Bayelsa State, saying strategies for implementing the NCDMB Local Content development includes closing human capacity gaps, skills acquisition and assets ownership by indigenous companies, among others.

He explained that the theme of this year’s Conference: “Driving Economic Development and Sustainability” is very relevant to NNPC, the Industry and the country at large given the considerable gains recorded in the nation’s Oil and Gas landscape.

The GMD said that as early as 2005, despite almost 50 years of a vibrant national oil industry experience, NNPC was concerned at the low level of Nigerian Content in the country and thus called for a fresh approach to domesticating Oil and Gas Industry spend through the establishment of the Nigeria Content Division (NCD) with the aim of identifying and guiding the implementation of key national content initiatives, including promoting local manufacturing of steel plates & pipes and developing engineering design expertise in the country.

Dr Baru maintained that by 2010, when the Nigerian Oil and Gas Industry Content Development (NOGICD) Act was enacted, a National Content Coordination Framework, which incorporates the key stakeholders in achieving increased linkage of the petroleum sectors with other sectors of the economy, was established under NNPC’s Nigeria Content Division, stressing that the Division then metamorphosed into today’s NCDMB.

The NNPC GMD listed the achievements recorded in the development of Local Content to include ramping up pipe mills from 100,000MT/annum to 420,000MT/annum, representing 40 per cent of industry demand and the sustainable engagement of indigenous service companies and contractors to carry out NPDC’s operations and maintenance activities.

He disclosed that the NNPC was actively collaborating with NCDMB to drive indigenous participation through the engagement of community resources, human resources and capital in the execution of Joint Venture projects and maintenance activities.

Dr Baru stated that in a bid to stimulate the participation of indigenous companies in the Oil and Gas Industry, NNPC has continuously worked with NCDMB to align the Nigerian Petroleum Exchange (NipeX) portal and the Nigerian Oil and Gas Industry Content Joint Qualification System (NOGICJQS) portal with a view to adequately capture the capacity of local companies to enable them take advantage of the available opportunities.

He revealed that as at today, local companies are now active participants in the bidding process for the crude oil term contracts and the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) contracts.
“Hitherto, this is an activity that was exclusively reserved for foreign companies”, he stated.

He said in order to directly intervene in local participation, NNPC established the NNPC Oil Field Services Limited (NOFS) to create sufficient capacity for direct involvement in the provision of high-end value-added services to the industry.

The NNPC helmsman also averred that the corporation has also continued to midwife local companies to be on the driver’s seat in rehabilitating and revamping critical downstream assets – product pipelines, storage facilities and the refineries.

He said the NNPC was proud of the Nigeria Content achievements in the nation’s sustainable economic development, saying that the achievements have stimulated other sectors like Information & Communication, Automobile, Construction and Power.

The Executive Secretary of NCDMB, Engineer Simbi Wabote, applauded the NNPC for driving sustainable economic development through the Board even as he assured of the benefits of the initiative to the country going forward.

1095total visits,1visits today

11 Comments

  1. I just want to tell you that I’m new to blogging and site-building and truly loved your web blog. More than likely I’m going to bookmark your site . You amazingly have wonderful well written articles. Thanks for sharing with us your web page.

  2. A few things i don’t understood is at truth how you are now not necessarily really a lot more neatly-favored as compared to you may be right now. You might be so smart. You already know thus considerably concerning this matter, taught me to be separately consider it from the large amount of different sides. It’s just like people are certainly not intrigued until it is something to accomplish along with Girl coo! Your individual stuffs outstanding. All the time look after up!

  3. I really like your website.. comfortable colors & theme. Do you actually style and design this web site on your own and also would you actually bring in help to do it in your case? Plz respond as I!|m planning to layout my very own site along with want to understand the place you bought that out of. thanks a lot

  4. I loved as much as you will receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come more formerly again as exactly the same nearly very often inside case you shield this hike.

  5. In my view, energyworthonline.com does a great job of handling subjects of this type. Even if often intentionally polemic, the information is in the main well-written and thought-provoking.

  6. 5/13/2019 In my estimation, energyworthonline.com does a excellent job of handling issues of this sort. While often deliberately controversial, the posts are generally well researched and stimulating.

Leave a Reply

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