He said, “The focus of the Board compliance monitoring had focused largely on the upstream sector operations of the industry, mainly because of the higher percentage spend in the sub-sector. In 2017, we have reorganised our monitoring structures and will pay much more attention to the implementation of Nigerian Content in the midstream and downstream sectors of the industry.”
Browsing: Engr. Simbi Wabote
When I resumed office as CEO of NCDMB, I made a firm commitment to run an open and transparent organisation and to be upfront with information on the activities, programmes and even challenges facing the NCDMB. I am determined to remove opaqueness, rumours and insinuations often associated with oil and gas establishments.
He stated that Egina was the first major project to start under the Nigerian Content Act and the
the Board’s strategy ensured the utilization of existing in-country capacity, upgrade of facilities to meet the targets specified in the Nigerian Content Act and Capacity Development Initiatives (CDIs) where local capacities did not exist.
He stressed that the project would utilize capacities and facilities that were developed on past project charged the promoters to exceed the Nigerian Content performance achieved on the Egina deep water project, including the partial integration and fabrication of the Floating, Production, Storage and Offloading (FPSO) platform.
*NCDMB management committed, optimistic *Experts claim policy has achieved little success *Content Development Fund grows to $600m Oscarline Onwuemenyi 11 December…
Oscarline Onwuemenyi 07 December 2016, Abuja – Six Nigerian companies have benefitted from the Nigerian Content Development Fund, NCDF, according…
Peterside underlined the significance of the Maritime and Oil and Gas Industry to the Nigerian Economy, stating that the need for collaboration is to forge a common front with a view to enforcing Local Content obligations.
Wabote said since the legislation came into effect, the oil and gas industry has recorded significant Foreign Direct Investment (FDI) in pipe mill and growth in Nigeria- owned marine vessels.