Lo­cal con­tent board lists 2017 achieve­ments

The Guardian (Nigeria) - - ENERGY - By Rose­line Okere

THE Nige­rian Con­tent De­vel­op­ment and Mon­i­tor­ing Board (NCDMB) ac­com­plished all the tar­gets set for 2017, the Ex­ec­u­tive Sec­re­tary, Engr. Simbi Wabote has said.

He spoke at the 2017 Prac­ti­cal Nige­rian Con­tent (PNC) workshop held at Uyo, Akwa Ibom State and con­firmed that both the ob­jec­tives set by in­dus­try stake­hold­ers at 2016 PNC and the ones set in­ter­nally at the be­gin­ning of the year were met. “We have gone through all of them and we ticked the boxes.”

The Ex­ec­u­tive Sec­re­tary who re­cently clocked one year in of­fice, re­called that one of his first di­rec­tives in Novem­ber 2016 was that op­er­at­ing com­pa­nies can as­sume they have re­ceived ap­proval for any project if they did not get feedback from the Board within 15 work­ing days. He as­serted that this tar­get was met. “We have stream­lined our in­ter­nal pro­cesses such that NCDMB is now po­si­tioned to re­view con­tracts within 100 days, pro­vided sub­mit­ted doc­u­ments are in line with the NOGICD Act. We have demon­strated this in the last one year as ev­i­denced in the un­prece­dented com­ple­tion time of ten­der­ing process for the Zabaz­aba project.”

“We have writ­ten to the OPTS to jointly draw up sim­i­lar agree­ments to en­sure NCDMB’S role in con­tract­ing process is clear and trans­par­ent in line with the Ex­ec­u­tive Or­der on Ease of Do­ing Busi­ness,” he added.

Wabote said the Board had ex­panded its oper­a­tions to the mid­stream and down­stream sec­tors of the oil and gas in­dus­try. “We are now part of NLNG busi­ness ac­tiv­i­ties. We vis­ited Dan­gote re­finer­ies where we agreed on steps to in­volve more Nige­rian com­pa­nies with ca­pac­i­ties in the de­vel­op­ment of the project to meet cost and sched­ule time­lines. “A com­pendium of an­cil­lary busi­nesses re­quired to sus- tain op­er­a­tion of the re­fin­ery is un­der de­vel­op­ment to sup­port the op­er­a­tional phase of the huge 650,000 bar­rels/day re­fin­ery,” he stated.

He re­it­er­ated that the $200 mil­lion Nige­rian Con­tent In­ter­ven­tion Fund had been launched for oil and gas ser­vice providers that are con­trib­u­tors to the Nige­rian Con­tent De­vel­op­ment Fund. “The in­ter­ven­tion fund has all-in sin­gle digit in­ter­est rate of eight per­cent for loans ex­tended to Nige­rian Oil and Gas Ser­vice providers and allin sin­gle digit in­ter­est rate of five per­cent for loans ex­tended to com­mu­nity con­trac­tors.

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