NCDMB to deepen local content in midstream, downstream sectors

The Nigerian Content Development and Monitoring Board (NCDMB) has observed that despite huge investments in Nigeria’s oil and gas industry, the Midstream and Downstream sector still lacks a coherent strategy to maximize the Local Content potentials of these massive investments.

On strength of this the Board has concluded plans to host the maiden edition of the Nigerian Content Midstream/Downstream Oil & Gas Stakeholders Summit, with the 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 hosted on Zoom to increase the opportunity of participation of industry stakeholders.

Announcing the workshop on Wednesday, 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 hinted that 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.

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.

He stated that the event would be attended by the Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Managing Director of the Nigerian National Petroleum Company, Mallam Mele Kyari. Other personalities expected include the Chairman, Dangote Group, Alhaji Aliko Dangote, Executive Chairman AA Holdings, Austin Avuru, Chairman, BUA Group, Alhaji Abdulsamad Rabiu among others.