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The Executive Secretary, NCDMB, Mr Simbi Wabote, on Monday reiterated that the Seven Nigerian Content Ministerial Regulations officially launched by the Federal Government in April 2021, will strengthen the oil and gas industry.
The NCDMB boss declared this on Monday at the ongoing 2022 Nigerian Oil and Gas (NOG) Conference and Exhibition in Abuja; Content seminar on Monday, says the regulations will provide legal backing to the various aspects of the Nigerian content practice not fully detailed in the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010.
With the theme: “Expanding the Nigerian Content Frontier through Intra-African Trade.”, NCDMB among other highlights listed the regulations as Research and Development, Training, Capacity development; Growth of indigenous capacity and Nigerian oil and gas industry enforcement and compliance regulation.
According to Wabote, Section 40 of the Act empowers the minister of petroleum to make regulations that would establish the minimum standards in facilities, personnel, and technology for training in the oil and gas industry.
This he said also includes registration of operators and other professionals with Nigerian professional bodies, technology transfer and establishment of operations in Nigeria.
While urging stakeholders and industry players to key into the provisions of the regulations, the ES expressed optimism that the full implementation would boost local content in the sector and create job opportunities for Nigerians.
”The ministerial regulations seek to provide a framework for monitoring the implementation of the prescribed minimum standards for training in the oil and gas industry try.” He revealed.