The Nigerian Content Monitoring Board (NCDMB), has said it has concluded plans to promote local content in the nation’s oil and gas industry in 2016, just as oil prices continue to drop in the global market, National Mirror reports.

The Executive Secretary of NCDMB, Mr. Denzil Amagbe Kentebe recently indicated that as the country enters into 2016 and so long as the price of oil remains low, the Board’s challenge will be to devise strategies that will accommodate local content and at the same time ensure viability and profitability of new projects, adding that his team will continue to engage the IOC’s and partner with them in the renewed drive.

Kentebe also explained that the Board will work towards establishing domicile manufacturing facilities as well as oil and gas parks to support service providers interested in manufacturing activities, adding that the Board has acquired suitable land in three (3) states- Imo, Bayelsa and Cross River states; and have commenced training of SMEs for the scheme.