Financial Energy Review
The Executive Secretary took the occasion to present what he termed “a reflection on the journey in the last seven and a half years of being in the saddle as the Executive Secretary.”
Citing data from the Board’s Nigerian Oil and Gas Industry Content Joint Qualification System (NOGIC-JQS), he said registered indigenous industry operators have increased from 53 in 2018 to 114 in 2023, while indigenous service companies increased from 8,000 to 11,000 within the same period. Also, individual registrations surged from 140,000 to almost 400,000.
Under one of five pillars of the Roadmap, namely, Technical Capability Development, are other major accomplishments, one of which is the increase in in-country fabrication capacity from 60,000 tons per year to 250,000 tons within the aforesaid period.
Engr. Wabote disclosed that eight industrial parks being developed by the Board to support manufacturing and assembly of equipment and input materials required in the industry are at various stages of execution. He reported that the Nigerian Oil and Gas Park Scheme (NOGaPS) at Emeyal-1, in Bayelsa State, and a similar Park at Odukpani in Cross River State are due for commissioning in the first half of 2024.
In a goodwill message, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, commended the NCDMB for its outstanding performance in local content implementation, and for the ongoing PNC Forum.
He assured the industry stakeholders that the Federal Government is committed to promoting cleaner, more sustainable practices within the energy sector, even as the country continues with hydrocarbon extraction.
The Minister of State for Petroleum Resources (Oil), Senator Lokpobiri was represented at the PNC by the Permanent Secretary in the Ministry, Ambassador Gabriel Aduda. He said Nigeria aligns with the global push for environmental stewardship and would explore all means of making production processes conform to cleaner technologies.
While drawing attention to the theme of the Forum, “Deepening Nigerian Content Amidst Divestments, Domestication and Decarbonisation,” the Minister called on stakeholders to “embrace the challenges that have been posed by divestment to actively promote domestication and steadfastly pursue the path of Decarbonization.”
The Bayelsa State Governor, Senator Douye Diri, who was represented by the Secretary to the State Government, Alabo Gideon Ekeuwei, lauded the NCDMB and its Management for extraordinary successes and charged participants to explore avenues for collaboration, joint ventures, and partnerships that will help Nigeria to fully harness Nigerian Content potentialities.
