The Nigerian Content Development and Monitoring Board (NCDMB), yesterday, said it has recorded a 54% Nigerian content level in 2022.
This comes mid-way into its 10-year Strategic Road Map for enhanced indigenous participation and utilisation of local assets in oil and gas operations.
The Executive Secretary, NCDMB, Simbi Wabote, disclosed this while presenting a status report at the 11th Practical Nigerian Content (PNC) Forum, organised by the Board and DMG Nigeria Events, in Uyo, Akwa Ibom State.
Wabote explained that the average Nigerian Content performance in the last five years is 44% over the 10-year Nigerian Content Strategic Roadmap.
He said the performance in 2022 is well above the 42% target set by the Project Management Office (PMO), similar to 2021 when it achieved 42% above the 38% mark.
He explained that the 2022 performance “was largely driven by the contracts awarded under the NLNG Train 7 Project,” however with low points in procurement, engineering and services, where local content was 34, 46, and 50% respectively, a development, he said, would be sufficiently addressed.
Manpower in the oil and gas industry reached 81% Nigerian content as of November, and project management 80%.
Wabote said the tracking of performance is based on the Board’s monitoring and evaluation of the industry’s activities with fabrication and construction, hitherto under near-total dominance by foreign firms, had 99% Nigerian content during the period in review.
He added that 77 out of 96 initiatives under the short- and medium-term categories of the Road Map have been completed in November 2022.
He also informed that manpower in the oil and gas industry reached 81% Nigerian content as of November, and project management 80%.
He commended the Group Chief Executive Officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, for his commitment to the NCDMB’s local content drive.
Kyari, in his remarks assured Nigeria that efforts to deepen the utilisation of gas to drive industrialisation and economic development was very much on course.
Emphasising Nigeria’s interest in gas as energy transition fuel, he said: “Gas provides the opportunity to power the global economy.”
He cited several projects embarked by the government to include the multibillion dollar Nigeria-Morocco Trans Saharan Gas Pipeline.
He said feedstock for the pipeline would be from Brass in Bayelsa State, adding that “We will complete the OB-3 (East-West pipeline, with a projected capacity of two billion standard cubic feet) pipeline.”
In a welcome address, the Akwa Ibom State Governor, Udom Emmanuel, represented by his Deputy, Moses Ekpo, expressed joy for the opportunity to host the PNC for a second time, adding that the state desires to be considered in plans for oil and gas producing states.
