The Executive Secretary of Nigerian Content Development Mr Simbi Wabote has said that Nigeria’s content in the oil and gas industry has increased to 54 percent in the last five years.
Wabote said the success is achieved through the launching of a 10-year Strategy Roadmap aimed at increasing Nigerian Content in the oil and gas industry to 70 percent by 2027.
Speaking in Uyo on Tuesday while delivering a keynote address at the 11th Wabote Nigerian Content Forum with the theme “Deepening the Nigerian Content Opportunity in the Decade of the Gas”, Wabote said since the launching of the Strategic Roadmap the board was proud of the achievements realised in the last 5 years despite the general and specific challenges experienced across oil and gas industry locally and globally.
“We are now midway into the 10-year Strategic Roadmap and we are back here to provide feedback on the journey so far in our quest to deepen Nigerian Content in the Nigerian oil and gas industry
“Since 2018, our objective has always been to give status reports of the various initiatives to industry stakeholders using the annual PNC Forum as a key platform
“We are proud of the achievements realised in the last 5 years despite the general and specific challenges faced across the oil and gas industry locally and globally.
“It is gratifying that the push for Nigerian Content as envisaged in our 10-year Strategic Roadmap has continued to yield results in the last 5 years.
He said that Nigerian Content level in the Nigerian oil and gas industry was 54 percent based on our monitoring and evaluation of industry activities which bring the average in the last 5 years to 44 percent Nigerian Content level.
The executive secretary added that out of the 96 initiatives under the strategic roadmap, the board had completed 77 initiatives largely under the short and medium-term categories as of November 2022.
In his goodwill message, the Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC), Mr Mala Kyari, said NNPC has concluded plans to fix the Trans-Morocco Pipelines from Nigeria across 11 countries for onward transmission to the rest of the world.
Kyari expressed hope that the investment when completed would engender prosperity in Nigeria and other partner countries.
He said that the importance of gas as major driver of world energy needs could not be over-emphasized, adding that the importance of energy transition is hinged on effective and seamless transformation for efficient utilisation.
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“Gas resources provide the opportunity to power the global economy in a sustainable manner because gas is the enabler of energy transition.
“That is why we are focusing on our partners to make sure we create the necessary infrastructure to bring gas to the surface, process it and convert it to the value it can give.
“Therefore, in deepening gas utilisation, we decided to focus on in-country utilisation, and that’s critical to us,” Kyari said
In his remarks, while declaring the event open, Gov. Udom Emmanuel of Akwa Ibom said the theme of the conference was apt because it draws attention to gas utilisation while fostering the growth of Nigerian Content Implementation within the energy industry.
Emmanuel, who was represented by the Deputy Governor, Mr Moses Ekpo, said since there had been global shift from fossil fuel to renewable energies, industry players in the country had to continually engage in discussions to ensure that the country is ready for this transition.
“The theme of this year’s meeting: “Deepening the Nigerian Content Opportunity in the Decade of the Gas”, is therefore apt because it draws attention to gas utilization while fostering the growth of Nigerian Content Implementation within the energy industry.
“It will also help in assessing our commitment as a nation to contribute to the development of the petroleum and energy industry,” Emmanuel said.
Emmanuel said that State Government was making concerted efforts in promoting local content in the industrialisation drive which has led to massive training of indigenes outside the country to enable them manage critical operations in Aviation, Health and Manufacturing.
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