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Wabote Urges Africa To Embrace Local Content For Economic Development

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African nations seeking to achieve economic prosperity must develop local capabilities to process, utilise, and export their resources as a means of powering their growth and development.

This view was expressed in Cape Town, South Africa by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, at the ongoing 2023 Africa Energy Week, on Tuesday.

The ES regretted that most African nations lacked requisite local capacities in key areas of the oil and gas industry such as Engineering, Procurement, Construction and Fabrication, Installation, Commissioning, and Operation, which has resulted in the loss of job creation opportunities, revenues, skills acquisition, and other aspects of national development.

According to Wabote, another negative impact is that those broad categories take a significant proportion of the oil and gas industry expenditure, hence it is expedient for oil-producing nations to develop local capabilities that would ensure that those financial outlays are retained in-country.

On the strategy for enhancing local content capacity in African nations, Wabote stated that one important plan was to make local content a national agenda, backed by appropriate legislation or legal framework.

This, he noted, would “make it clear to all and sundry that local procurement, fabrication, and manufacturing is a national priority such that all institutions, businesses, decision-makers, investors, and citizens will buy into the vision.”

Using Nigeria as an example, Wabote recalled that Nigeria started with policy directives to deepen local content practice in the oil and gas sector before enacting the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in 2010, thereby eliminating the possibility of companies complying with local content requirements in the oil and gas sector on ‘best endeavour’ basis’.

He listed other strategies for enhancing local content capacity as establishing factual data on current capacities in-country and carrying out gap analysis between current realities and the national vision. He noted that “periodic gap analyses are essential to determine gaps that need to be closed and the progress being made in the target areas of interest.

The ES insisted that local content is not ‘copy and paste’, hence local peculiarities must be factored into programs aimed at enhancing local capabilities.”

The NCDMB boss identified other enhancement tools to include Structured Capacity Building interventions to close identified gaps and funding and incentives, describing them as essentials to implement local content programs, develop infrastructure, attract new investments, and keep existing businesses afloat.

Speaking further, Wabote highlighted the importance of patronising in-country capacities and capabilities, clarifying that all policies, capacities, and individuals would become frustrated in the absence of outlets to engage them and receive rewards for sustainability and growth.

He explained that the Board ensured patronage of local goods and services by using the ‘right of first refusal’ principle contained in the Nigerian Content Act and various project certification and compliance monitoring tools.

On the Board’s activities, the ES revealed that the NCDMB commenced implementation of a 10-year Strategic Roadmap in 2018, with the goal of raising the level of Nigerian Content in the Nigerian Oil and Gas industry to 70 percent by the year 2027.

According to him, various initiatives were put in place under five strategic pillars and four vision enablers.

He pointed out that “as at end of year 2022, and five years into the 10-year journey, we have achieved 54% Nigerian Content level against the target of 42%.”

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Shettima Returns To Nigeria After High-Stakes BRICS Summit In India

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Vice President Kashim Shettima has returned to Nigeria after representing President Bola Tinubu at the 18th BRICS Leaders’ Summit in New Delhi, India.

Shettima’s return followed a series of high-level engagements focused on strengthening Nigeria’s economic and diplomatic interests and expanding the country’s partnerships with BRICS member and partner countries.

According to a statement issued on Tuesday by the Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima participated in high-level sessions at the summit and held bilateral meetings with key international leaders.

ALSO READ: BRICS 2026: Modi Seeks More Nigerian Crude as Shettima Meets Indian PM

Among his major engagements was a meeting with Indian Prime Minister Narendra Modi, where discussions focused on strengthening economic ties between Nigeria and India.

The discussions covered renewed crude oil trade, investment, pharmaceuticals, defence, digital technology, fintech, renewable energy and other strategic sectors.

Shettima also met with the Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, reaffirming Nigeria’s support for multilateralism and a more inclusive global economic order.

At the BRICS summit, Shettima delivered President Tinubu’s message calling for reforms of global governance structures and international financial institutions to reflect current economic realities.

He also positioned Nigeria as a gateway to Africa’s expanding market under the African Continental Free Trade Area.

Nigeria further used its participation at the summit to deepen engagement with BRICS member and partner countries in key sectors, including agriculture, artificial intelligence, digital infrastructure, manufacturing, healthcare, energy and human-capital development.

The Vice President’s participation forms part of the Federal Government’s broader efforts to strengthen Nigeria’s international economic partnerships, attract investment and create new opportunities across strategic sectors of the economy.

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Tension in Sokoto as Govt Shuts Mosque After Cleric’s Stabbing

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Tension has heightened in parts of Sokoto metropolis following the stabbing of an Islamic cleric, Musa Lukuwa, shortly after Friday prayers, prompting the state government to shut the mosque where the incident occurred.

The Sokoto State Government ordered the immediate closure of the Lukuwa Jumu’at Mosque in Mabera and declared the facility a crime scene pending the outcome of investigations.

The government also ordered a full investigation into the stabbing of the cleric and the subsequent killing of his alleged attacker by worshippers.

SEE MORE: 2027 Presidency: Sokoto ADC Adopts Atiku as Preferred Candidate

The directives were contained in a statement issued on Tuesday by the Director-General, Media and Publicity, Government House, Abubakar Bawa.

According to the Sokoto State Police Command, the alleged attacker used a knife to assault Lukuwa after the Friday prayers before worshippers overpowered and beat him to death.

Police spokesperson, Ahmad Rufa’i, said the command received a distress call at about 1:50pm concerning the incident.

He said preliminary investigations showed that the alleged assailant entered the mosque after the prayers and attacked the cleric.

Lukuwa was subsequently taken to hospital for treatment.

Following the attack, the cleric appealed for calm, saying he was in stable condition and urging his followers not to retaliate or take any action capable of escalating the situation.

Explaining the mosque’s closure, the state government said the measure was necessary to enable security agencies to conduct a thorough investigation.

“The government has ordered a full investigation into the attack and killing at Musa Lukuwa Jumu’at Mosque, Mabera, and ordered the closure of the mosque (crime scene) till further notice,” Bawa said.

The government also constituted a committee of Islamic scholars, known as ulamas, to investigate the immediate and remote causes of the religious tensions and advise the administration on appropriate measures.

“The State Government has constituted a committee of ulamas to examine the remote and immediate causes of such crisis, and to advise the government on the appropriate measures to be taken in the interest of the state,” the statement said.

The government further dissociated itself from anyone who, under the guise of religion, engages in acts it considers disrespectful to Prophet Muhammad, his parents, household and companions.

It reaffirmed its “total obedience and respect” for the Prophet and urged residents to continue demonstrating love and compassion towards him.

The administration also appealed to residents to refrain from making inciting statements capable of worsening the situation.

“The Government has appealed to people in the state to desist from incisive statements that could jeopardise the peaceful coexistence that Sokoto is known for,” Bawa said.

The state government assured residents of its commitment to protecting lives and property across Sokoto State and urged members of the public to remain calm as investigations continue.

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DPRP IPO: Dangote Rings Opening Bell at NGX

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The much awaited Africa’s largest Initial Public Offering by the Dangote Petroleum Refinery and Petrochemicals (DPRP) has been formally flagged off on the Nigerian Exchange (NGX).

President and Chief Executive Officer, Dangote Industries Limited (DIL), Aliko Dangote, marked the commencement of the offer by ringing the opening bell at the NGX trading floor in Lagos on Monday.

The transaction marks a significant milestone for Nigeria’s capital market, as the DPRP becomes the first refinery in the Nigerian Exchange’s 66-year history to open its shares to public subscription.

READ ALSO: Dangote Refinery Opens Landmark IPO Today

The offer comprises 4.1 billion new ordinary shares priced at N525 per share, allowing investors to acquire an equity stake in Africa’s largest refinery.

Retail and institutional investors, as well as eligible investors across Africa, can participate in the public offer.

Investors can subscribe for a minimum of 10 shares, requiring an investment of N5,250 at the offer price.

The offer opened on Monday, September 14, 2026, and is scheduled to close on October 13, 2026, subject to the terms and conditions contained in the offer prospectus.

At the ceremony, Dangote highlighted that the public offer was part of a broader effort to expand public participation in owning his companies.

“We will lease every company that we operate,” he said.

The launch attracted prominent dignitaries, including Lagos State Governor Babajide Sanwo-Olu, members of the Dangote family and captains of industry.

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