Local content board lists 2017 achievements
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.