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Oil investments: NCDMB pledges to speed up approval processes, limit sanctions to boost FDI

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The Nigerian Content Development and Monitoring Board (NCDMB) has pledged to hasten the process of granting approvals to oil and gas projects in a bid to boost the inflow of Foreign Direct Investments into the sector.

The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe reacting to the divestments that had hit the sector over the past few years noted that the NCDMB will be more pragmatic in its approach.

Receiving senior officials from Chevron Nigeria Limited led by the Deputy Managing Director, Mr. Cosmas Iwueze at the Nigerian Content Tower, Yenagoa, Bayelsa State, the NCDMB ES explained that the goal is to ensure speedy development of oil and gas projects and contribute to increased oil production and improved national economy.

Ogbe reiterated the Board’s willingness to improve on the timelines set by the Service Level Agreement (SLA) instituted by the Board, Nigerian National Petroleum Company Ltd (NNPC Ltd) and international oil companies for shortening the contracting cycle for oil and gas projects.

He reiterated his proposal for the setting up of technical working groups (TWGs) between the representatives of the NCDMB and respective international oil firms. The working groups could meet monthly or quarterly to evaluate the companies’ expectations from the NCDMB on their projects. The intent, he explained is “to resolve contentious issues, close all the gaps and come to an agreement before the official correspondences are received. That will ensure quick turn-around and approvals will be dealt with quickly and that will help to cut downtime.”

Emphasising the need for all oil and gas companies to comply with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, the Executive Secretary promised that the Board will accede to cogent urgent requests from companies to avoid delays that could cause costs overruns, impact negatively on oil and gas operations and the economy at large.

He encouraged the companies to see NCDMB as partners in progress, adding: “we want to create the enabling environment that will minimise conflicts with international oil companies (IOCs) and attract investments into the sector. We want to create employment opportunities for our youths and help achieve the economic objectives of President Bola Tinubu. We want to make international oil companies comfortable and reverse the exit of foreign investors because they create jobs, and we need all hands on deck.”

Ogbe revealed that he had a long and successful career with Chevron Nigeria and remarked that the hallmark of the company is teamwork.

He noted that NCDMB operates with the same core value, hence the Board is determined to support oil companies to accomplish their operational goals. 

“We have to make sure that you succeed otherwise we will not be successful,” he added.

The Executive Secretary confirmed that NCDMB under his watch will not emphasise the use of sanctions, rather will seek to dialogue with companies to achieve win-win situations. 

“We will be flexible regarding your requests, but we all need to have open minds and look at the critical paths that will ensure that we make progress and produce effectively,” he said.

Contributing, the Director, Planning Research and Statistics, NCDMB, Mr. Isaac Yalah, commended Chevron Nigeria for supporting the Board’s development of the Nigerian Content Research Centre of Excellence at the Federal University of Technology Akure (FUTA), in Ondo State. 

He affirmed that the Board will continue to collaborate with Chevron on other projects and would address any issues relating to requests for expatriate quota approvals.

Responding, the Deputy Managing Director of Chevron Nigeria, Mr. Cosmos Iwunze commended the Executive Secretary for adopting the mantra of collaboration and pushing to increase crude oil production in Nigeria.

He highlighted the importance of producing crude oil at competitive costs, noting that the primary aspiration of oil companies and the Federal Government is to ramp up Nigeria’s crude oil production volumes and shore up the revenue accruing to the national coffers.

The Deputy Managing Director emphasised the need to incentivise investments in the oil and gas sector. He explained that international oil and gas companies in Nigeria compete for capital with their sister operations in other oil producing nations. 

He said, “The capital we need for big oil and gas investments is domiciled with global investors. We need to always present Nigeria as an investor friendly destination where people can come and do business.”

He also confirmed that the company was working on some major projects, relating to deepwater and Escravos gas-to liquids (EGTL) and he looked forward to receiving the Board’s support and collaboration when the projects come for consideration and approvals.

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NASS assures Information Ministry of improved funding in 2025

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The Chairman, House Committee on Information, Ethics and Values, Rep. Olusola Fatoba, has assured of improved budgetary allocation for the Ministry of Information and National Orientation in 2025.

Fatoba disclosed this when he paid an oversight visit to the ministry in Abuja.

“We are on the same page with the Minister on the issue of low budgetary allocation for the ministry in the 2024 budget. The Ministry cannot perform its function effectively with poor funding.

“We would do everything within our powers, including lobbying, to ensure that the ministry is better funded to perform its function of educating Nigerians on government programmes and policies.

“We would also work with stakeholders to ensure improved budgetary allocation for the Ministry in the 2025 budget to enable its carry out its functions effectively, and deliver on its mandate,” Fatoba said.

Earlier, the Minister, Alhaji Mohammed Idris, had said that in a meeting with the committee in 2023, discussions were targeted at improved funding for the information and orientation sectors of the country.

“I know the efforts that the chairman and members of the committee, together with their counterparts in the Senate, put in to ensure that my ministry is properly funded to execute its mandate.

“Theirs, and our combined efforts have not given us the kind of budget that we should have for this ministry in view of the transformative journey that the ministry has embarked upon.

“We believe that the ministry has a critical role to play in ensuring that everything that the government wants to do is properly communicated, and Nigerians get to know, understand and support government policies and programmes.

“However, criticism is a very healthy thing and we all know that president Bola Tinubu is a democrat, who is always open to criticism that is healthy, progressive and aimed at moving the country forward.

“At the ministry, are not happy with the  kind of budget that we have, because the allocation being made for the ministry is, to say the least, very meagre,” Idris said.

The minister lauded the committee for its support, adding that the executive was looking at the challenges being faced by the ministry to ensure that it got the appropriate funding to transform the sector.

Idris said that sometimes the ministry had to go the extra mile to use its contacts and goodwill within the industry to get things done.

“I think that Nigerians, especially the media, are very ready to help but of course, we also know that they are in business. They need to power their generators and pay their staff.

“Therefore, we also need to pay them.  We should not take the relationship for granted,” Idris said.

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Workers Day: Be patient with us —Gov. Mbah begs workers

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Gov. Peter Mbah of Enugu State has appealed to workers in the state for patience, saying he remained committed in doing everything needed to make their condition better.

Mbah made the appeal at the 2024 Workers Day Celebration held at Okpara Square in Enugu on Wednesday with the theme: “People First.”

He said his administration would stop at nothing until it achieved workers’ welfare and would strive to fulfil his campaign promises.

The governor, represented by his Deputy, MrIfeanyiOssai, while acknowledging that workers needed improved wages to meet economic realities in the country, stressed  that the income they received currently hardly met the basic needs of life.

“We all go to the same market, buy from the same petrol station and shops and children go to the same school and hospital.

“Be patient with us because we are putting things in place with the means available to the government to make life better for all of us.

“Wage award will not solve all the problems as it is just a palliative to cushion the effects of the hard economy and that is why we are building a system that will solve the problems in the long run,” he said.

He added that:  ”You can witness the revolution in road infrastructure, aggressive work at International Conference Centre, the awarding of a contract to rebuild Hotel Presidential and revitalisedNigergas Company.”

On the state’s  investment in SMART Schools, the governor said the  government desired to do more but lacked the  resources to meet them

“That is why we try to create wealth, and have been aggressive on our foreign and local investments and creation of jobs.

“And our wish and efforts is that in years to come, the workers will live beyond what they are currently facing.”

The governor further explained that his administration was building the SMART schools to train Enugu children for the future as well as improving  public schools and healthcare systems.

He stressed that with an effective transport system,  pressures on families would reduce as their would be no additional cost in maintaining their cars.

While commending workers for the support they had received from them since they assumed office, he promised to look into pension issues to ensure that every retiree got paid.

“I want to thank you for your hard work and commitment in driving government policies to ensure that they benefit the people,” Mbah said.

Earlier, the State Chairperson, Nigeria Labour Congress (NLC), Comrade Fabian Nwigbo, said the removal of fuel subsidy without anything in place to cushion the effects, created a lot of hardship for workers who received N30, 000 as minimum wage.

Commending Mbah for all his government was doing in the state, the chairperson urged him to ensure that after the verification of pensioners, payment of arrears of gratuity should commence to alleviate their sufferings.

He equally appealed to him to direct payment of arrears of pension to State Parastatals, Primary Schools and Local Government retirees.

On his part, the state Chairman, Trade Union Congress (TUC), Comrade BennethAsogwa, urged the governor to harmonise gratuity for state and local government retirees.

He also called for the review of the termination of the appointment of some staff of the Enugu State College of Education (Technical).

While lauding the governor for various developmental strides in the state, Asogwa equally appealed to him to regularise  appointment of some civil servants recruited in 2012 by the Coal City Transport Services.

The highlight of the event included a march past by different labour unions in the state.

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Jigawa announces new programme for civil servants

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Jigawa Government has announced a new agricultural programme called “J-Agric” to ensure a brighter future for civil servants.

Gov. Umar Namadi announced the programme on Wednesday in Dutse at the 2024 Workers Day celebration.

He explained that under the programme, the government would provide opportunities for workers to invest in agriculture.

He said, “I’m glad to unveil a new programme initiated by this administration to secure the present and future lives of our workers.

“A sustainable agricultural programme is underway to provide free farmlands and financial loans to Jigawa civil servants for the purpose of agriculture.

“The state government, through the J-Agricprogramme, will provide greater opportunities for workers to invest in agriculture.”

Namadi added that under the programme, the government shall facilitate workers’ easy access to farmlands and credit facilities through cooperatives and other financial institutions.

This, he said, is to assure workers and their families a brighter future even after retirement.

“This is part of the administration’s plans through deliberate policy to improve the lives of people and food security,” Namadi said.

The Chairman of the Nigeria Labour Congress, MrSunusiAlhassan, commended the governor for the gesture.

Alhassan, however, urged the state government to expedite the launch of the programme as the rainy season is fast approaching “so as to ensure maximum benefit for all.”

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