By Adaobi Rhema Oguejiofor
MicCom Cables and Wires Limited, the first indigenous cable manufacturing company in Nigeria, has commended the Nigerian Content Development and Monitoring Board (NCDMB) for the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
The commendation came from the Chief Operating Officer (COO) of the organization, Bukola Adubi, during an interview with journalists. He said that MicCom was considering additional investments as a result of the ease of doing business the implementation of the NOGICD Act had created.
Adubi added that the Act had opened tremendous doors and had ensured that local manufacturers were protected.
In her own words, “it is amazing that end-users, who are the clients, are also just as happy for the most part. I am happy to note that the feedback we have received from them has been fantastic thus far. It is a great deal for us, and I need to acknowledge the NCDMB because they have ensured the Act becomes implementable.
“They have empowered people like ourselves, causing us to think of upgrades and additional investments. With more investments will come more employment opportunities, with additional investments will come additional money for the government in the form of taxes. It is a truly fantastic opportunity we have had, and I know there’s still a long way to go.”
According to her, MicCom was the biggest supplier to the defunct National Electric Power Authority (NEPA) and currently Electricity Distribution Companies. She added that the company played an active role in the building of some of the power distribution stations across the country.
Enacted in 2010, the NOGICD Act is a law to provide for the development of Nigerian content in the Nigerian oil and gas industry, Nigerian content plan, supervision, coordination, monitoring and implementation of Nigerian content; and for other related matters.
