THE Nigerian Content Development and Monitoring Board,
NCDMB, has advised the Nigerian oil and gas service providers to key into the
$200 million intervention fund earlier launched by the board to grow their
local content capability in the country......
Executive Secretary of the Board, Mr.
Simbi Wabote, gave the charge, yesterday, at the on-going 7th Practical
Nigerian Content conference in Uyo, Akwa Ibom State. He said the fund, which
was launched as an enabler last year, has a single digit interest of 8 per cent
for loans extended to the Nigerian oil and gas service providers, and a single
interest rate of 5 per cent for loans extended to community contractors. Wabote
also disclosed that the board has progressed the Nigerian Oil and Gas Parks
Scheme in five states so far, adding that, in the last one year, it has equally
put in place a firm arrangement for provision of 24 hours power supply to all
industrial parks, a development he noted, that is a core enabler for
domestication of manufacturing in the country. He expressed optimism that the
board in the coming year would put in place third party outfits to enhance
compliance monitoring in the upstream, midstream, and downstream sectors of the
industry, as well as sharpen intervention monitoring based on complaints and
Whistleblower alerts. The board, he said, also plans to co-develop and
implement service level agreements, SLAs, on processes that interface with
operators and other external stakeholders like the one recently executed with
the Nigerian Liquefied Natural Gas Company, NLNG.
No comments: