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NNPC Backs NCDMB on Efficiency of Nigerian Content Policy

-By Kenny Folarin

The Nigerian National Petroleum Corporation (NNPC) has declared support for the Nigerian Content Development and Monitoring Board (NCDMB) on the use of Nigerian Content Policy which is aimed at identifying and guiding the implementation of key national content initiative in the oil and gas industry.

The Group Managing Director, NNPC, Mallam Mele Kyari represented by the the corporation’s Chief Operating Officer, Corporate Services, Mr Farouk Sa’ad, while speaking on Tuesday at the 9th Practical Nigerian Content in Yenogoa stated that the Nigerian Content policy has indeed been a catalyst for the nation’s industrialization.

According to Kyari, there is no doubt that the resilience of local content policy is being tested under the present volatility in oil prices experienced in the global oil and gas market.

“Now is therefore, the time to raise the bar of the Nigerian content policy”, he added.

Similarly, Kyari noted that NNPC has been at the heart of the Local Content story in Nigeria with determination to maximize participation of Nigerians in ongoing projects and domicile project activities in the country, thus, implementing the Policy as enshrined in the Nigerian Oil and Gas Industry.

Kyari also said that NNPC, in recent years, has permitted the participation of Nigerian companies in several of its businesses across the entire value chain in areas such as crude oil lifting, oil exploration and quality research and development.

“As a Corporation, we are more than ever poised to promote the development and commercialization of home-grown technology through other areas of our operations.”

Reiterating the corporation’s commitment, Kyari pointed out that as an enabler organization for Nigeria’s economy, Nigeria stands to gain more by developing in the country capacity.

“I hereby implore all the key stakeholders present to join NNPC in backing NCDMB on Efficiency of Nigerian Content Policy, to further promote the Nigerian content success story”, he stated.