Oil & Gas
By Anthony Isibor
SIMBI Wabote, Executive Secretary of the Nigerian Content Development Monitoring Board, NCDMB, has lauded the Nigerian Liquefied Natural Gas, NLNG Ltd, for complying with the local content goals.
Speaking on Nigerian Content’s Role in Achieving Energy Security at the 22nd Nigerian Oil and Gas, NOG Energy Week tagged: Powering Nigeria’s Non Sustainable Energy Future on Monday July 10 in Abuja, Wabote said: “Let me use this opportunity to recognize and commend the management and staff if the NLNG Ltd for being ever ready to comply with the provisions of the Nigerian Content Act.
According to him, they do not just get themselves ready to comply, they also demonstrate a genuine willingness to partner with us in our initiatives, hence why the contract of about 5 billion dollars within a one year contracting cycle. That was a record that indeed set contract awards in Nigeria.
He stated that when the Service Level Agreement was implemented in 2017, the NLNG was the first in the industry to execute the request before others emulated them one year later.
“In the same vein, I am not surprised that as we are about to move the management of general opportunities in the e-market place in compliance of the NOGIC Act 2010, NLNG has stepped forward to pioneer the use of the e-market place by sending across five names that will be members of the joint working committee.
“Once again kudos to NLNG, they deserve another round of applause,” he said.
Wabote, however, expressed displeasure at the resistance to the compliance of the local content laws by companies which are themselves beneficiaries of the local content act.
“The most interesting thing about the NOGIC Act is that it is the creation of the National Assembly, they originated the bill and signed it into law and clearly the originators knew what they wanted.
“The NCDMB is set up to protect investors in the sense that if you build your capacity in-country, you are protected and it will be mandated that the capacity that you developed in-country is utilised.
“But unfortunately, we have made progress and we are now the victims of our own success.
“All the local capacities that we have built in the off stream sector, in the service sector have now attained a position where when you want to ask them to comply with the law having used the law to build their capacity, they turn around and tell you that they want to import the services,” he added.
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Tags: Anthony Isibor NCDMB NLNG NOG 2023 Simbi Wabote
