The 9th Annual Practical Nigerian Content (PNC) Forum, organised by CWC Africa in partnership with the Nigerian Content Development & Monitoring Board will take place from 2 – 5 December 2019 in Yenagoa. This information is contained in a media statement signed by Natalia Kuniewicz and made available to OpenLife.
According
to the statement, during a recent Media Engagement meeting held in Abuja,
Nigerian Content Development & Monitoring Board (NCDMB) Executive
Secretary, Engineer Simbi Wabote expressed his
opposition towards the creation of multiple Local Content Boards.
He said, “the
NCDMB can modify its templates to suit other sectors. In our view, this is the
prudent way to expand and entrench local Content regime in Nigeria.”
The
National Assembly plans to develop the extant Local Content Act 2010 to include
other sectors of the economy for further domiciliation of contracts.
All signs now point to Nigeria strengthening its Local Content implementation
and serving as an example in Local Content Policy for other African countries.
Celebrating the successes of the Nigerian Oil and Gas Industry Content
Development Act 9 years after its implementation, the industry now confronts
new prospects of growth.
Nigeria – having just signed the African Continental Free Trade Agreement
(AfCFTA) – is one of the latest African nations to join the entity of 54
African Union States that seek to reduce the economic barriers in pursuit of
creating an Africa-wide customs union.
Wabote also perceives joining the entity
as a source of benefits for local oil and gas service companies without threatening
national sovereignty.
He said “if you take the population of Africa and the potential market and
given the general level of development of countries, the sky is the limit for
any manufacturer that makes the right investment, has the right quality and
partnerships.”
A focus on shortening the contracting cycle, sectorial and market linkages and
effective monitoring of local content delivery in the country has characterized
Nigeria’s Local Content agenda in recent years.
Communicating the plan for further Nigerian Content development will be the
priority at the 9th Practical Nigerian Content Forum.
Wabote will join over 600 industry stakeholders at the four-day
Practical Nigerian Content Forum on 2 – 5 December in Yenagoa, Bayelsa,
Nigeria. The Forum is recognised as the leading platform to engage government
and industry players from across the value chain to maximise business
opportunities and increase Nigerian Content implementation. Convene with senior
government representatives and the entire oil and gas value chain to discuss
the keys to unlocking the industry’s potential through Nigerian Content at the
9th Practical Nigerian Content Forum.
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