Connect with us

NEWS

NCDMB Completes 83% Of Nigeria’s Content Roadmap

Published

on

 

. . .  Wabote Cautions Against Relapse In Local Content Drive

The 12th Practical Nigerian Content Forum 2023 got underway on Tuesday at the Nigerian Content Towers, Yenagoa, with the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote announcing that the agency has completed 83 percent of the 96 initiatives it started under the Nigerian Content 10-year Strategic Roadmap.

The strategic roadmap was launched at the end of the year 2017, with the goal of increasing Nigerian Content in the oil and gas industry to 70 percent by the year 2027. The roadmap is undergirded by five pillars and four enablers to drive the focus areas and are supported with short, medium, and long-term initiatives.

Presenting the scorecard of the NCDMB at the PNC which is attended by over 700 oil and gas stakeholders, the Executive Secretary indicated that the Board’s focus would shift to the remaining initiatives, which according to him required some heavy lifting to bring them to fruition.

He reported that Nigerian Content level in 2023 stood at 54 per cent, just like in 2022. The calculation is based on the Board’s monitoring and evaluation of industry activities.

According to him, “this performance is well above the minimum target of 47 percent Nigerian Content set for 2023 by the Board’s Project Management Office (PMO) just like we outperformed the 42 percent Nigerian Content target set for 2022 by achieving 54 percent Nigerian Content.”

He indicated that the top three performers of in-country spend are Shipping, Surveying/ Positioning services, and Inspection/ Testing and Certification with each at 100 percent NC level, while the bottom three performers are Modification and Maintenance at 26 percent NC level; Health, Safety and Environment at 31 percent NC level; and Materials and Procurement at 32  percent NC level.

He expressed concern that the stagnation of the Nigerian Content achievement at 54 percent raised questions on whether we had reached a point of stagnation or an inflection, leading to the decline in Nigerian Content level in the oil and gas industry.

The NCDMB boss, who was making his last PNC Keynote Address as the Executive Secretary of NCDMB reminded the top government functionaries and industry stakeholders that “getting the industry to this level of Nigerian Content is not a walk in the park,” and called on all stakeholders to “play their part to prevent the industry from rolling back to the dark days of implementing Nigerian Content as a token of consolation.

He cautioned that “The nexus between high Nigerian Content levels and the relative peace in the industry must not be lost on us,” noting that a “a lack of leadership backing at all levels opens the door for the practice to take the back seat.”

The Executive Secretary took the occasion to present what he termed “a reflection on the journey in the last seven and a half years of being in the saddle as the Executive Secretary.”

Citing data from the Board’s Nigerian Oil and Gas Industry Content Joint Qualification System (NOGIC-JQS), he said registered indigenous industry operators have increased from 53 in 2018 to 114 in 2023, while indigenous service companies increased from 8,000 to 11,000 within the same period. Also, individual registrations surged from 140,000 to almost 400,000.

Under one of five pillars of the Roadmap, namely, Technical Capability Development, are other major accomplishments, one of which is the increase in in-country fabrication capacity from 60,000 tons per year to 250,000 tons within the aforesaid period.

Engr. Wabote disclosed that eight industrial parks being developed by the Board to support manufacturing and assembly of equipment and input materials required in the industry are at various stages of execution. He reported that the Nigerian Oil and Gas Park Scheme (NOGaPS) at Emeyal-1, in Bayelsa State, and a similar Park at Odukpani in Cross River State are due for commissioning in the first half of 2024.

In a goodwill message, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, commended the NCDMB for its outstanding performance in local content implementation, and for the ongoing PNC Forum.

He assured the industry stakeholders that the Federal Government is committed to promoting cleaner, more sustainable practices within the energy sector, even as the country continues with hydrocarbon extraction.

The Minister of State for Petroleum Resources (Oil), Senator Lokpobiri was represented at the PNC by the Permanent Secretary in the Ministry, Ambassador Gabriel Aduda. He said Nigeria aligns with the global push for environmental stewardship and would explore all means of making production processes conform to cleaner technologies.

While drawing attention to the theme of the Forum, “Deepening Nigerian Content Amidst Divestments, Domestication and Decarbonisation,” the Minister called on stakeholders to “embrace the challenges that have been posed by divestment to actively promote domestication and steadfastly pursue the path of Decarbonization.”

The Bayelsa State Governor, Senator Douye Diri, who was represented by the Secretary to the State Government, Alabo Gideon Ekeuwei, lauded the NCDMB and its Management for extraordinary successes and charged participants to explore avenues for collaboration, joint ventures, and partnerships that will help Nigeria to fully harness Nigerian Content potentialities.

NEWS

Fuel Pricing: PETROAN Accuses Dangote Refinery Of Monopoly

Published

on

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns over alleged monopolistic practices by Dangote Refinery, following a public dispute about fuel pricing in the downstream petroleum sector.

Recall that the refinery, Africa’s largest, recently disclosed its petrol pricing at N990 per litre in trucks and N960 per litre into ships, a move it justifies as being in line with international rates.

READ MORE: Nigeria’s Debt Service Ratio Falls To 65% As Tinubu Tackles Economic Woes

PETROAN, however, sees this as an attempt to suppress competitors and dominate the Nigerian market.

The rift began when Dangote Refinery claimed that complaints from marketers regarding its pricing were fueled by intentions to import cheaper, potentially substandard products.

In response, PETROAN strongly rejected these allegations, suggesting that Dangote’s claims are tactics designed to maintain a monopoly in the sector.

Joseph Obele, PETROAN’s spokesperson, stated that the association remains committed to importing high-quality products at more competitive rates to ensure affordability for Nigerian consumers.

According to PETROAN, competition in the market is essential for achieving fair pricing, and any attempt to stifle it would be detrimental to consumers.

They argue that Dangote Refinery’s pricing should reflect production costs and fair margins rather than international benchmarks, especially given concessions granted by the government for the refinery’s establishment.

PETROAN also announced its plans to partner with foreign refineries and financial backers to import premium-quality petroleum products at prices below current rates.

The association aims to enter the market by December 2024, pending necessary regulatory approvals.

“The allegations that PETROAN will import substandard products are unfounded and aimed at creating an unfair playing field,” the statement read.

PETROAN warned that similar claims in the past had led to significant price hikes when competitors were pushed out, emphasizing that the entry of new players into the market would lead to more competitive pricing and ultimately benefit Nigerian consumers.

PETROAN expressed appreciation for President Bola Tinubu’s commitment to revitalizing Nigeria’s state-owned refineries and urged the government to consider privatizing the Port Harcourt and Warri refineries once rehabilitation is complete.

The association believes a transparent privatization process will help strengthen Nigeria’s downstream sector and counter monopolistic tendencies.

To address the ongoing pricing challenges in the sector, PETROAN called on the government to convene a comprehensive meeting of industry stakeholders, including major associations like IPMAN, DAPPMAN, MEMAN, NUPENG, and PENGASSAN.

PETROAN believes that collaboration among these groups will be instrumental in establishing a sustainable and competitive pricing framework for petroleum products in Nigeria.

 

 

Continue Reading

NEWS

Hardship: Let Us Intensify Prayers For Our Leaders – Sultan Of Sokoto Tells Nigerians

Published

on

Sultan of Sokoto, Sa’ad Mohammad Abubakar II, has called on Nigerians to avoid publicly criticizing their leaders, instead urging citizens to place their trust in God to address leadership concerns as He deems fit.

Speaking at the Regional Conference on Climate Change-Induced Conflicts in Northern Nigeria, organized by the Kaduna State Bureau of Interfaith in collaboration with International Alert, the Sultan emphasized faith and patience in navigating the country’s challenges.

READ ALSO: Gunmen Attack Police Facility In Owerrinta, Female Detainee Killed

Acknowledging Nigeria’s current economic and social hardships, the Sultan encouraged continuous prayer, not only for the nation but for its leaders as well.

“Even though many feel times are particularly hard, we believe relief will come. Let’s increase our prayers for our leaders, trusting God to address them in His way,” he said, expressing hope that divine intervention could bring stability and prosperity.

The Sultan reminded political leaders of their ultimate accountability to God, cautioning that they will stand alone on the Day of Resurrection, with only their deeds to support them.

“On that day, every leader will stand alone. Governors, advisers—none will have support except their own deeds. Let us act with a deep sense of responsibility and fear of God,” he stated.

Addressing religious leaders, he warned against misleading their followers for personal gain, underscoring the trust many place in their religious guidance.

“Only God can save any human being,” he said, encouraging Nigerians to remain faithful and discerning in their spiritual beliefs. “Focus on worshiping Allah and leave the rest to Him. Don’t follow those who might lead you astray.”

With leaders from various religious communities, including the President of the Christian Association of Nigeria (CAN), in attendance, the Sultan called for unity, resilience, and communal effort to tackle pressing issues such as climate change, poverty, and insecurity in the northern region.

He praised the North’s history of unity and resilience, warning against divisive narratives that threaten communal harmony. “When we are united, we can face any challenge and build a prosperous community,” he asserted.

The Sultan’s remarks come amid ongoing social and environmental issues in the region, including a recent surge in climate-related challenges that have exacerbated poverty and security threats.

In light of these issues, he called on both Muslims and Christians to intensify their prayers, saying, “Our country faces many challenges, and we must turn to God in prayer. Let us intensify prayers in our mosques and churches.”

 

 

Continue Reading

NEWS

#EndBadGovernance Protests: Tinubu Orders Release Of Detained Minors

Published

on

In a decisive move, President Bola Tinubu has ordered the immediate release of all minors detained by police during the recent #EndBadGovernance protests.

The directive, announced by Minister of Information and National Orientation, Mohammed Idris on Monday, underscores the government’s commitment to protecting children’s rights and ensuring justice.

Related News: EndBadGovernance Protests: Court Sets N10m Bail Each For 67 Minors

Idris confirmed that President Tinubu’s directive prioritizes the welfare of detained minors, instructing the Ministry of Humanitarian Affairs to facilitate their safe reunification with their families.

A committee led by the Ministry of Humanitarian Affairs will be established to oversee the welfare of the released minors and ensure compliance with the president’s orders.

Additionally, President Tinubu has directed a formal investigation into the actions of law enforcement agencies involved in the arrests.

The president emphasized that any misconduct uncovered during the investigation will result in disciplinary action, affirming his administration’s dedication to accountability within law enforcement.

 

 

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.