The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) Simbi Wabote has affirmed the board’s commitment to its 10 Year Strategic Plan towards achieving 70% Nigerian Content by 2027.
He also noted that his local content drive has given rise to NCDMB acquiring equity in the 12,000 barrels per day AZIKEL Hydroskimming Modular and 5,000bpd Waltersmith Modular Refinery initiative which is billed to commence production in July 2020
He made the remarks while delivering his key note address at the 9th Edition of the Practical Nigerian Content Conference taking place in the Nigerian Content Development and Monitoring Board’s 1,000-seater Conference Center on the topic “Leveraging Local Expertise For Market Growth And Expansion’
According to him the board’s 10 year strategic plan is hinged on five pillars and four enablers. each of the pillars and enablers are supported by strategic initiatives meant to propel the oil and gas industry towards 70% Nigerian content
Wabote also emphasized that by next year, NCDMB initiatives under this pillar will be to roll-out the supplier development programs using the industrial parks as a platform including synergies with NCEC applicants; Taking up 40 marine cadets for seatime training; Upgrade 2 vocational education institutions and Set-up 5 ICT Labs in secondary schools; Train another batch of 1,000 teachers in STEM Education; and Commission the 5,000bpd Waltersmith Modular Refinery initiative.
Reeling out NCDMB’s achievement in the course of the year, the Executive Secretary said they have secured approvals for the award of nine contracts from the Federal Executive Council to progress work on the development of the industrial parks in Akwa Ibom, Bayelsa, and Cross River states.
He thanked His Excellency, President Muhammadu Buhari for backing NCDMB’s efforts to domicile and domesticate manufacturing in-country.
In the area of gas value chain, Executive Secretary said ‘’ we have secured approval for partnership in the establishment of a 400,000/year Type-3 LPG Cylinders manufacturing plant at Polaku, Bayelsa state and to establish a 168,000MT per annum loading and off-loading LPG terminal in Koko, Delta State.
‘’We also got approval for the establishment of a 48,000 liters/day facility in Port Harcourt, Rivers State for the production of base oil from used engine oil. With these partnerships, we aim to reverse the capital flight currently associated with these products as they are all imported. The estimated turnover from these 3 partnerships is $360million per year’’. He stated
In the coming year, Simbi Wabote noted his intention to commence the conduct of annual stakeholder survey as part of efforts to achieve continuous improvement stressing that they will also explore strategic partnerships in the provision of hotel facilities in Yenagoa to support the office and conference facilities.
He said under the organizational capability pillar, NCDMB promised to relocate its staff in Yenagoa to the new 17-storey headquarters and operationalize the building with the right Facility Management contract.
With regards to the Sectorial and Regional Market Linkages, the Executive Secretary promised to validate and prioritize opportunity sectors for local content development.
According to him the Board has been co-opted by the Federal Government into the Local Content Working Committee of the 3,050MW Mambilla Hydro Electric Power Plant to link the capacities and capabilities built in the oil and gas sector into the delivery of the multi-billion dollar project.
‘’In the coming year, we intend to extend our collaboration with sister agencies and other MDA’s to enhance enduring partnerships that support the patronage of local investors.’’ He noted
Highlighting the progress on the four enablers of NCDMB which are Funding, Regulatory Environment, Collaboration & Stakeholder Engagement, and Research & Statistics.
The Executive secrary said ‘’we have in place our Investment Policy that guides the management of funds and the framework for our partnerships with project promoters. We have successfully exited appropriation for two years and we intend to maintain our self-funding status through the prudent management of Nigerian Content Development Fund entrusted in our care.
‘’This year, we have developed and launched the Hydrocarbon Value-Chain Investment Policy to guide project promoters. In the coming year, we intend to implement modalities to extend the Nigerian Content Intervention Fund to some targeted stakeholders groups in the industry.
‘’With regards to the Regulatory Environment, we have finalized the drafting of the seven Ministerial regulations. Next year, we will work with the Office of the Honorable Minister of State for Petroleum Resources to sign-off the Ministerial Regulations. We will also work closely with the Nigerian Content Committees in the Senate and the House on the extension of the coverage of the NOGICD Act.’’ He affirmed
Also on Collaboration and Stakeholder engagement; We on-boarded the Nigerian Content Committees of the Senate and the House of Representatives.
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