The Senate has assured it would support the Nigerian Content Development and Monitoring Board (NCDMB) with the requisite legislations that would guarantee the realization of the mandate of the board.
Chairman of the Senate Committee on Local Content, Senator Joel Onowakpo -Thomas gave the assurance, while speaking after an oversight visit to the board’s facilities and project sites in Bayelsa State.
Sen. Onowakpo-Thomas also commended the board on how it has implemented its enabling statute, the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010.
He said the NCDMB has demonstrated the requisite capacity for actualization of the objectives of the Act, and that the enabling environment for oil and gas industry operations, growth of indigenous businesses, job creation and development of industry-related skills, would be vigorously pursued by the Senate committee.
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A statement on Saturday signed by the General Manager, Corporate Communication Division of the board, Obinna Ezeobi, said the Senate committee chairman reaffirmed President Bola Tinubu’s commitment to growing local capacity in the oil and gas industry and other sectors as a sure way of creating employment.
“Let me say that the benefits of local content cannot be over-emphasized. It will lead to the creation of jobs for our people, development of critical assets and skills , growth of local businesses, improve balance of payments and reduction of dependence on foreign goods and services.
“To achieve these benefits, collaborations between the Senate committee and board of the NCDMB is essential as we would work closely with the NCDMB to ensure that the provisions of the Act are implemented effectively.
“The committee will not only ensure oversight but will also support the board in efforts to develop and implement policies that promote local content development.
“In addition to our collaboration with the board, we will engage with other stakeholders and create the enabling environment that foster growth for local businesses and promote job creation,” Sen. Onowakpo-Thomas added.
