NCDMB: Community Content Guidelines Will End Security Challenges in Oil Industry - THISDAYLIVE

  • 📰 THISDAY LIVE
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

NCDMB: Community Content Guidelines Will End Security Challenges in Oil Industry

The coming of the Community Content Guidelines initiated by the Nigerian Content Development and Monitoring Board will significantly help to address many of the security challenges being experienced by operators in the Nigerian oil and gas industry as well as members of the oil bearing communities.

Ginah, said the board is currently collecting names of communities that make up the host communities to oil companies operating in the countries, particularly the Niger Delta oil producing communities. He, however, disclosed that the board has achieved 30 per cent local content in the nation’s oil and gas industry barely two years into its 10-year Roadmap. Ginah, equally revealed that the NCDMB has succeeded in ensuring that 40 per cent of marine vessels deployed to the nation’s oil and gas industry operations are owned by indigenous companies.

He further said: “At the NCDMB, we work collaboratively with all companies to achieve results. We prefer not to be engaging companies in legal battle to avoid keeping projects in standstill. We work proactively as we pursue our local content mandate. We have achieved 40 per cent local content in the ownership of marine vessels, today, 40 per cent of the Marines vessels deployed to the Nigerian oil and gas industry operations is owned by Nigerian companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Media regulations review won’t weaken industry, says Presidency... GarShehu, who underscored the importance of socialmedia to governance and social development, said it had also become a problematic platform that abused the rights of vulnerable members of the society. GarShehu SMH
Source: TheNationNews - 🏆 6. / 69 Read more »

Addressing Vulnerabilities in Financial Industry - THISDAYLIVEJames Emejo writes that the banking sector regulatory authorities must step up their enforcement roles in addressing the factors which have caused cracks in financial stability in recent times There’s no doubt that there had been significant progress and innovation in terms of regulatory oversight of the banking industry by the Nigeria Deposit Insurance Corporation …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »