The Nigerian Content Development and Monitoring Board (NCDMB) says midstream and downstream sector lacks a coherent strategy to maximize the local content potentials of the massive investments in the country’s oil industry massive investments.
The agency gave the indication ahead of its maiden edition of the Nigerian Content Midstream/Downstream Oil and Gas Stakeholders Summit, with theme, Maximizing Potentials in the Midstream and Downstream Oil and Gas Sector – A Local Content Perspective.
The summit will be held on May 23 & 24, 2022 at the Lagos Continental Hotel, Victoria Island, Lagos and will also be hoisted on Zoom to increase the opportunity of participation of industry stakeholders.
The Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote explained that the Nigerian oil and gas industry had witnessed major projects in the Midstream and Downstream sectors of the oil and gas industry in the last six years.
He listed some of the projects to include the NLNG Train 7 Project, the AKK Gas pipeline, the Dangote 650,000 barrels per day refinery, amongst others.
He added that the NCDMB has also made huge investments in modular refineries, LPG Storage and Bottling Plants and Depots, amongst other interventions.
According to him, the workshop would seek to articulate an agenda for actualizing the full potentials of massive investments that have poured into the midstream and downstream sector of the Nigerian Oil and Gas industry, with a view to maximizing the expected benefits to the national economy.