We are on track to achieve 70% local content penetration — NCDMB ES
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Ogbe has stated that the board remains on track to achieve its target of achieving 70 percent local participation in the oil and gas industry by 2027.
The NCDMB ES made this known yesterday at the Nigerian Oil and Gas conference (NOG) holding in Abuja.
Engr. Ogbe, speaking at the opening of the Nigerian Content Seminar, said jobs in the industry can only be out-sourced when there was no in-country capacity.
He said the board would continue its stringent monitoring of projects in the country to ensure that where local capacity exists, Nigeria companies were given the opportunity to bid for the jobs.
He stressed that the “board will only approve local content plans that consist of contractors meeting the legal definition of Nigerian companies and demonstrating the capacity to execute projects within Nigeria.”
He added the NCDMB would continue to ensure that all services provided in the industry “generate values within the country.”
On his part, the Director, project Certification and Authorisation, NCDMB, Engr. Abayomi Bamidele said a lot of progress has been made in growing local capacity in the Nigerian oil and gas industry, disclosing there are currently over 13,000 indigenous oil service firms registered by the board and over 120 operators registered also.
