INTERVIEW: How NCDMB is transforming Nigeria's oil and gas industry -- CEO Simbi Wabote

six years ago, you have been credited with several achievements. Which of these achievements do you consider most strategic?

When the Local Content law came into being, the industry took an evaluation of where we were and came to the generalisation that we were at just about five per cent in terms of growing local content in the country. And today, we pride ourselves that we are about 47 per cent in terms of the growth of local content from when it was enunciated as a policy, it came as law and up until date.

Part of it is, if you look at the 10-Year Strategic Roadmap I spoke about, it is also regional integration and sectoral linkages as one of the strategic pillars. Now, if you have developed capacity in-country and there are no opportunities to utilise that capacity you have developed, and there is an opportunity within Africa to deploy it, you want to explore that possibility.

A lot of them have come to light. You remember it was at one of the PNCs that we talked about Train 7. Today, I’m sure you probably attended, and you heard us whencame and talked about the potential of Train 7. Today, Train 7 is a reality. That’s almost a $5 billion project, and the project is going on as I speak. It’s about 30 per cent complete, and hopefully, in 2026 or so, that project will be completed. That’s one example.

You also invested in several projects such as modular refineries. Which of these projects has started yielding dividends, and are you not worried that you may have your fingers burnt in some of these businesses? It’s important to deal with this question so that you guys should be the ones to tell the story. Now, when you look at NCDMB, I think the framers of the law also know that you cannot ask people to do what you cannot do. Hence, they put that development in it. An example is, you ask companies to say, you have to employ Nigerians, because that’s what the law says, and then they come to you and say, we are not able to see Nigerians with the skillsets that we need to be able to produce hydrogen.

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