Executive Secretary NCDMB

By Ngozi Onyeakusi—The Nigerian Content Development and Monitoring Board (NCDMB) has resolved to issue policy directives on in-country manufacturing capabilities of pumps, flanges, valves, and other major equipment categories utilised in different streams of the oil and gas industry, which constitute a huge percentage of capital and operational expenditures.

This was disclosed by the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote, when he received the report of the industry-wide implementation committee for in-country manufacturing of pumps, valves, flanges, gaskets, bolts, and nuts, said the whole essence of local content implementation is to eliminate briefcase contractors, add value in-country and create jobs for Nigeria’s teeming population.

The committee was set up on July 7, 2022, and members were drawn from international and indigenous operating and service companies and staff of the NCDMB.

He assured that the Board would study the report and implement the recommendations in the short, medium, and long term.

He described Nigerian Content implementation as a marathon, explaining that the attainment of some targets and percentages in the schedule of the Nigerian Content Act is aspirational.