In 10 unbroken years of active participation in the Practical Nigerian Content Forum, organised by the Nigerian Content Development and Monitoring Board, the leading lights of Nigeria’s oil and gas industry have thus far signified that local content has something of a creedal force in their ranks.
The apostolic zeal of the industry stakeholders, as they assemble in their hundreds from year to year to appraise the state of the industry and to determine what way to maximise opportunities along lines spelt out in the Nigerian Oil and Gas Industry Content Development Act, 2010, is most remarkable. In the spirit of collaboration and stakeholder engagement issues of topical importance are ever adopted as themes for presentation and deliberations in different editions of the Forum.
Together, the industry regulator and the oil and gas companies – upstream, midstream and downstream – have moved mountains, radically altering the status and image of Nigeria as rent-seeker and placing her in a respectable position as resource-endowed and with appropriate technological capabilities to efficiently exploit and utilise hydrocarbons.
Today the world-class fabrication yards and pipe mills have turned Nigeria into a hub for related businesses in the Gulf of Guinea, just as the country’s service companies now operate as international servicing companies in different African countries. That’s the success story of the NCDMB made possible by far-sighted and resourceful leadership that carries all stakeholders along, unhesitatingly intervening in material terms to bolster operational capabilities of companies.
PNC Forum 2022 is the place to be for fresh ideas and strategies in the nation’s quest for economic development through effective and efficient management of her abundant hydrocarbon resources, especially gas as the transition fuel for Nigeria.
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.
Source: thecableng - 🏆 2. / 80 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »