Executive Secretary Nigerian Content Development and Monitoring Board NCDMB, Denzil Kentebe has said the implementation of Nigerian Content policy will benefit every stakeholder in the oil and gas industry including the International Oil Companies IOCs in the country.
According to a statement signed by the Media Relations Supervisor of NCDMB, Obinna Ezeobi, the NCDMB boss said this in Yenagoa, Bayelsa; when he hosted general managers of Nigerian Content Divisions in the IOCs weekend.
He also said that the Act should not be implemented in manner such that the board and the operators may see each other as adversaries in the industry.
Kentebe however, postulated that rather than adopt such approach, the board decided from inception in 2010 to collaborate with the IOCs, other operators and service industry stakeholders. He also averred that the model is is yielding fruits in stimulating compliance with provisions of the Act.
According to him, “the developmental role of the board was very critical and it involved close collaboration with stakeholders to develop in-country capacities and capabilities which makes it possible to execute most industry projects hitherto taken abroad before the advent of the Act.”
He assured that the board would work closely with Nigerian Content GMs to find solutions to problems their companies might have relating to Nigerian Content compliance in their projects.
While acknowledging the partnership of operating companies with the Board over the years and their support to the development of local capacity through various initiatives, Kentebe charged the companies not to rest on their oars, as he is new in the saddle and in view of the operational challenges facing the industry at the moment

READ ALSO  Nigeria risked $400bn global support fund

Ad:See How you can turn $500 into $10,000 Click HERE For Details.