Bayelsa Times

Nigerian content has increased to 54% –  NCMB scribe 

Business

Isaac Job, Uyo

The Executive Secretary of Nigerian Content Development and Monitoring Board (NCMB) Mr Simbi Wabote has said that  Nigeria content in the oil and gas industry has increased to 54 per cent in the last five years .

Wabote said the success is achieved through the launching of 10-year Strategy Roadmap  aimed at increasing Nigerian Content in the oil and gas industry to 70 per cent by 2027.

Speaking in Uyo on Wednesday, while delivering a keynote address at 11th Nigerian Content Forum with the theme “Deepening the Nigerian Content Opportunity in the Decade of the Gas” ,Wabote
said since the launching of the Strategic Roadmap,  the board was proud of the achievements realised in the last five years in spite of the general and specific challenges experienced  across  oil and gas industry locally and globally.

“We are now midway into the 10-year Strategic Roadmap and we are back here to provide feedback on the journey so far in our quest to deepen Nigerian Content in the Nigerian oil and gas industry

“Since 2018, our objective has always been to give status report of the various initiatives to industry stakeholders using the annual PNC Forum as a key platform

“We are proud of the achievements realised in the last 5 years despite the general and specific challenges faced across the oil and gas industry locally and globally.

“It is gratifying that the push for Nigerian Content as envisaged in our 10-year Strategic Roadmap has continued to yield result in the last 5 years.

He said that Nigerian Content level in the Nigerian oil and gas industry was 54 per cent based on  our monitoring and evaluation of industry activities which bring the average in the last five years to 44 per cent Nigerian Content level.”

The executive secretary added that out of the 96 initiatives under the strategic roadmap, the board had completed 77 initiatives largely under the short and medium term categories as at November 2022.

In his goodwill message, the Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC), Mr Mala Kyari, said NNPC has concluded plans to fix the Trans-Morocco Pipelines from Nigeria across 11 countries to for onward transmission to the rest of the world.

Kyari expressed hope that the investment when completed would engender prosperity in Nigeria and other partner countries.

He said that the importance of gas as major driver of world energy needs could not be over emphasis, adding that the importance of energy transition is hinged on effective and seamless transformation for efficient utilisation.

“Gas resources provide the opportunity to power the global economy in a sustainable manner because gas is the enabler of energy transition.

“That is why we are focusing with our partners to make sure we create the necessary infrastructure to bring gas on the surface, process it and convert to the value it can give.

“Therefore, in deepening gas utilisation, we decided to focus on in-country utilisation, and that’s critical to us,” Kyari said

In his remarks while declaring the event open, Gov. Udom Emmanuel of Akwa Ibom said the theme of the conference was apt because it draws attention to gas utilisation, while fostering the growth of Nigerian Content Implementation within the energy industry.

Emmanuel, who was represented by his deputy, Mr Moses Ekpo, said since there had been global shift from fossil fuel to renewable energies, industry players in the country had to continually engage in discussions to ensure that the country is ready for this transition.

“The theme of this year’s meeting: “Deepening the Nigerian Content Opportunity in the Decade of the Gas”, is therefore apt because it draws attention to gas utilization, while fostering the growth of Nigerian Content Implementation within the energy industry.

“It will also help in assessing our commitment as a nation to contribute to the development of the petroleum and energy industry,” Emmanuel said.

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