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Senate Committee, NCDMB Hold Inaugural Meeting, To Collaborate On Local Content Implementation

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The Senate Committee on Local Content on Wednesday held the first interactive session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building at Abuja and resolved to collaborate and deepen the implementation of local content in the oil and gas industry and linkage sectors.

The Chairman of the Committee, Senator Natasha Akpoti-Uduaghan moderated the meeting and assured that the committee would not antagonize the Board and other entities under its supervision but would collaborate towards effective implementation of the Board’s mandate for the benefit of Nigerians.

She expressed concern over the parlous state of the economy, particularly the alarming level of unemployment which has fuelled an increase in criminality.

She emphasised the need to deepen the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD Act, to create employment opportunities from the activities in the oil industry and catalyse other sectors of the economy.

She requested the Board to submits performance reports on the implementation of the NOGICD Act, specifically on the Board’s third-party investments, capacity building programmes, expatriate quota management and research and development.

She also requested the Board to recommend sections of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act that needed to be amended by the National Assembly.

Other questions raised by the committee concerned the status of the Nigerian Content Development Fund (NCDF) and the performance of the Nigerian Content Intervention Fund (NCI Fund).

The Committee Chair criticised the international oil companies (IOCs) in Nigeria for not investing in the petrochemical sub-sector and other associated manufacturing activities, whereas IOCs in other oil producing jurisdictions make such investments and contribute significantly to those economies.

She announced that the committee would invite the IOCs and other relevant agencies of Government, with a view to compel the companies to create tangible value in the Nigerian economy beyond the extraction and sale of crude oil.

She said, “We need to get them around the table and tell them what we want as a country as against watching them export crude oil only.”

In his comments, the Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe thanked the committee for adopting a cooperative approach and assured that the Board would provide all the requested documentations and partner effectively, to achieve the mandate of the committee and that of the Board.

On the Board’s performance, the Executive Secretary stated that the Nigerian Content level for 2022 and 2023 stood at 54 percent and the Board is on course to accomplish the 70 percent target for 2027, as set in the Nigerian Content roadmap.

On international oil companies’ model of operation in Nigeria, the Executive Secretary explained that most oil conglomerates have different arms, which includes the downstream companies which make such investments in the petrochemical and linkage sub-sectors.

He, however, noted that most operating companies in Nigeria do not have such subsidiaries in the country, hinting that the Board is willing to support indigenous firms that are interested in such ventures.

He added that the Board lacked the mandate to compel the IOCs to change their business model in Nigeria but was collaborating with some oil companies to develop the Nigerian Oil and Gas Parks Scheme (NOGaPs), which is designed to manufacture oil and gas equipment and components as well as other manufacturing and research and technology programmes.

The Director Finance and Personnel Management, NCDMB, Dr. Obinna Ofili provided clarity on the performance of the Nigerian Content Intervention Fund (NCI Fund) and the Nigerian Content Development Fund (NCDF).

He explained that the NCI Fund is managed by the Bank of Industry (BoI) on behalf of the Board, and US$300m was deposited with the BOI.

He clarified that the NCI Fund is a portion of the NCDF – which is pooled from the 1% percent of every contract awarded in the upstream sector of the Nigerian oil and gas industry, as specified in section 104 of the NOGICD Act.

He also revealed that BoI had loaned out US$330m to 70 qualified oil and gas companies, with the additional $30m accruing from the interests from the loans. He mentioned that another Fund created by the NCDMB is the US$50m domiciled with the Nigerian Export-Import Bank and it is broken into $30m for working capital and capacity building and $20m for Women in Oil and Gas.

Dr. Ofili indicated that eight firms have accessed the $30m working capital and capacity building fund, while three firms have successfully accessed the Women in oil and gas fund.

He said, “We want serious minded women entrepreneurs in the oil and gas industry to step forward and access this fund. That is the only way it can make impact in the economy.”

The Director asserted that the NCI Fund is the most successful fund scheme in the country, basing his assessment on the faithful repairment by the beneficiaries and the growth of the fund.

He mentioned that the Bank of Industry carries out quarterly project monitoring on the loan beneficiaries, while the NCDMB holds an annual monitoring review on the fund scheme and beneficiaries.

On the proposed amendment of the NOGICD Act, the Director Monitoring and Evaluation, Mr. Abdulmalik Halilu explained that concerted efforts were made during the tenure of the 9th National Assembly to review the legislation and the Board developed a compendium on areas that it believed should be amended. He promised that the Board would submit the compendium to the Senate so it could become the reference point for further discussions and considerations.

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NUPRC Dispels Recruitment Rumours

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dispelled recruitment rumours, cautioning the public against fake and AI-generated employment letters being circulated in its name.

It went further to issue a caveat against fraudsters allegedly demanding money from unsuspecting members of the public under the guise of helping them secure jobs at the NUPRC.

The warning was contained in a statement issued by the NUPRC Head of Media and Corporate Communications, Eniola Akinkuotu, on X on Tuesday.

According to the commission, it had received reports of fake employment letters bearing the names of people unknown to the organisation.

READ ALSO: Africa Needs More Refineries to Complement DPRP — Lokpobiri

It also said some criminal elements had been extorting money from members of the public by falsely claiming to have connections that could secure employment at the commission.

The NUPRC said it had reported the activities of the suspected fraudsters to law enforcement agencies for investigation.

The commission urged members of the public to exercise caution and verify any employment-related information before taking action or making payments.

“The NUPRC wishes to inform the general public about the proliferation of fake and AI-generated employment letters bearing the names of persons unknown to the Commission,” the statement said.

The commission added that reports had also reached it that “some unscrupulous and criminal elements have been extorting money from unsuspecting members of the public under the pretext of helping them to secure employment at the Commission.”

The NUPRC said the activities of the suspected fraudsters had been reported to law enforcement agencies, with the commission awaiting the outcome of the investigation.

It, however, stated categorically that there was currently no recruitment exercise ongoing at the commission.

“The NUPRC states categorically that there is no ongoing recruitment exercise at the Commission,” it said.

The commission further explained that whenever it decides to recruit, the process would be conducted in accordance with applicable laws and government regulations.

“However, when the Commission does decide to recruit, it will be done strictly in line with the extant laws and government regulations,” it added.

The NUPRC therefore advised job seekers and other members of the public to be wary of individuals requesting money or presenting questionable employment documents purportedly issued by the commission.

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NCDMB Embarks on Emergency Preparedness Awareness Campaign

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NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

Following the rising cases of fire incidents, building collapses and accidents across the country, the Nigerian Content Development and Monitoring Board (NCDMB) has commenced a specialised Emergency Preparedness and Fire Prevention Awareness programme aimed at sensitising Nigerians on practical response to such incidents.

Speaking during the Lagos State edition of the training, Managing Director of Matosi Nigeria Limited, Mr. Tosan Bolorunfe, the consultant for the programme, said emergency preparedness had become a serious national issue requiring deliberate attention from both public and private sector stakeholders.

According to him, “Fire incidents, workplace accidents, panic during emergencies, poor response coordination and lack of basic safety awareness continue to cause avoidable losses across homes, offices, hotels, markets, public facilities and industrial sites.”

Bolorunfe stressed that a society that waits for disaster before discussing safety is already late, noting that the first few minutes of an emergency are often the most critical.

“Many lives are not lost because help does not exist. Many lives are lost because people do not know what to do in the first few critical minutes,” he said.

“When people are safer, businesses are stronger. When workplaces are prepared, productivity is protected. When communities understand emergency response, lives are preserved.”

READ ALSO: Africa Needs More Refineries to Complement DPRP — Lokpobiri

He observed that many Nigerians are often forced into panic and prayer during emergencies, not because they do not care about safety, but because they have not been adequately exposed to practical emergency response training.

“In many emergency situations, people resort to prayer because they genuinely do not know the next practical step to take. Prayer is important, but preparedness is also a responsibility. People need to know who should act, what to switch off, where to go, who to call, and how to evacuate safely,” he said.

Bolorunfe added that emergency preparedness training must go beyond classroom presentations, stressing that practical demonstrations and real-life scenarios are essential to effective learning.

“Training adults, especially on emergency subjects, requires more than reading slides. It requires experience, clarity, discipline and the ability to connect knowledge to real-life situations,” he said.

He commended NCDMB for supporting the initiative, describing the programme as a practical capacity-building intervention that aligns with the Board’s broader commitment to human capital development and safety awareness.

He also advised organisations and institutions not to wait for accidents before investing in emergency readiness.

“To government agencies, private sector operators and community leaders, safety training should not be optional. It should be deliberate, repeated and practical. All stakeholders must begin to treat emergency preparedness as a national productivity issue, a community protection issue, and a human responsibility,” Bolorunfe said.

The Lagos training featured classroom sessions, interactive discussions, practical demonstrations, controlled fire response exercises, fire extinguisher handling, first aid awareness and emergency response sensitisation for nominated participants.

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Africa Needs More Refineries to Complement DPRP — Lokpobiri

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It has been observed that the Dangote Petroleum Refinery and Petrochemicals (DPRP) alone cannot meet Africa’s growing demand for refined petroleum products.

Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, expressed the view, urging local and international investors to pour more capital into Nigeria’s refining, midstream and downstream sectors.

He maintained that Nigeria must build on the success of the DPRP and attract additional investments, to demonstrate eagerness to move beyond supplying the West African market and become a major refined petroleum products hub for the African continent.

Lokpobiri spoke on Tuesday at the second West Africa Refined Fuel Market Conference in Abuja, where regulators, refiners, traders, financiers and other energy industry stakeholders gathered to advance plans for a transparent regional pricing system for refined petroleum products.

READ ALSO: Nigeria Can’t Achieve Electoral Reforms Without Effective Democracy Communication

The conference was jointly hosted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), S&P Global Commodity Insights and the West Africa Regulators Forum (WARF).

It was themed, “Funding West Africa Infrastructure & Distribution to Create a Transparent Market for Regional Price Benchmarks.”

The minister described the conference as a turning point in Africa’s pursuit of greater energy sovereignty, saying Nigeria must now build on the progress recorded in its refining and midstream sectors.

He said the DPRP had demonstrated what could be achieved through private-sector investment but stressed that its growing capacity would still not be sufficient.

“The Dangote Refinery is not enough. Despite the fact that the refinery is increasing its refining capacity to 1.4 million barrels. But it is not enough for the African continent.

“It’s the final capacity to open for middle buyers to be able to sell this entire African continent on top of the entire world,” Lokpobiri said.

The minister called on investors with capital to seize the opportunity presented by Nigeria’s expanding energy market, saying the country was strategically positioned to serve both regional and international markets.

He said Nigeria’s location also offered an advantage because the country was not directly dependent on the Strait of Hormuz for its crude and petroleum product supply routes.

The minister added, “It’s the best time for us to attract as many investors as we can. Not just into the upstream, but into the midstream, and then the downstream.”

He said Nigeria must move beyond the traditional model of exporting raw commodities and importing processed products, arguing that the country’s growing refining capacity provided an opportunity to change the pattern.

Lokpobiri urged stakeholders to replicate the success recorded by the DPRP by attracting more investment into domestic processing.

He said Nigeria should not be content with capturing the West African market but should position to serve the wider African market.

Lokpobiri recalled that European demand for the DPRP’s jet fuel had affected local market conditions, pointing out that the development is a great example of the need to deepen domestic refining capacity and develop pricing structures that could respond appropriately to market forces.

He assured stakeholders that the Federal Government would continue to support the development of a regional petroleum market and the institutions required to make it work.

He said the objective was not merely to increase Nigeria’s refining output but to develop the infrastructure, regulatory framework and pricing system required to turn the country into a major African energy hub.

Also speaking, the Special Adviser to the President on Energy, Olu Verheijen, said West Africa was not short of energy resources or demand but was constrained by fragmented markets and inadequate infrastructure.

She said Nigeria’s growing refining capacity and declining dependence on imported petrol had created an opportunity for the country to serve as an anchor for a more integrated regional petroleum market.

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