FG Committed To Deepen Nigerian Content In Oil And Gas

By Simon Ugwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has indicated the Federal Government commitment to deepening Nigerian content in oil and gas industry.

Kachikwu, represented by Mrs Folashade Yemi-Esen, Permanent Secretary in the ministry highlighted this at the opening ceremony of the 8th Practical Nigerian Content, subsequently commended the achievement of the Nigerian Content Development and Monitoring Board (NCDMB) and called for support on job creation initiatives of government.

The four-day programme which ran from Monday through Thursday, in collaboration with the Bayelsa Government with the theme “Nigerian Content: Driving Economic Development and Sustainability Forward”, deliberated on required parameters to sustain and increase Nigerian Content in oil and gas.

Speaking in the same vein, Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC) assured that the NNPC would partner with the Nigerian Content Development and Monitoring Board (NCDMB), so as to increase the Nigerian content in oil and gas industry to 90% before 2027.

He added that NNPC was poised to promote development and commercialisation of up-grown technology.

He promised to also collaborate with NCDMB in setting up research clusters with specialty in oil and gas activities.

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“NNPC’s focus on localisation cannot be more harped than now, because this concept will ensure that all crude oil for export in the region and globally after meeting local demand.

“We are fully committed to NCDMB’s agenda for the next ten years, to increase Nigerian content in oil and gas industry to 90%.

“This initiative will engender economic development and sustain it through backward and forward integration for local content maximization of various industries,” he said.

Bayelsa Governor, Seriake Dickson, while declaring the forum open urged all multinational oil companies operating in the Niger Delta to actively localise their contents by relocating their operational bases to the area.

Dickson solicited for the involvement of more indigenes in the oil operations by multinational companies.

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