News Express banner Camano banner
Nigerian Content Development and Monitoring Board partners Dangote Refinery on local content implementation

By News Express on 15/10/2018

Views: 594

•Dangote Oil Refinery Company
•Dangote Oil Refinery Company

Nigerian Content Development and Monitoring Board (NCDMB) has praised the management of Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) over its adherence to the local content law in the execution of its projects and declared its intention to further partner with it for effective implementation of the Local Content policy in the country.

Director, Monitoring & Evaluation, NCDMB, Mr. Akintunde Adelana, who represented the board’s Executive Secretary, Engr. Simbi Wabote, made this disclosure weekend during the DPRP Nigerian Content Sensitization/Awareness Creation Programme, titled, “Let’s Walk the Nigerian Content Talk Together”, at Lekki Free Trade Zone, Lagos.

According to him, “The Dangote Refinery project is expected to close a major gap in the supply of petroleum products in the country. We consider this as a very important project and we are willing to partner with the company to ensure full implementation of the local content policy. We embarked on this journey with the company a long time ago and we are ready to partner with the Dangote Group.

“Part of what you see to today is part of our efforts to ensure that the company and its contractors comply with the local content policy and they have put in a lot of efforts in this regard.”

Speaking further, Wabote described the Local Content Act as the quantum of composite value added to, or created in the Nigerian economy by a systematic development of capacity and capabilities, through the deliberate utilisation of Nigerian human, material resources and services in the Nigerian oil and gas industry.

He said the country recorded loses prior to the enactment of the local content policy, which he noted, came from jobs executed abroad by International Oil Companies (IOCs), operating in the country.

“The narrative then was that nothing can be done in-country. Plants and modules were fully fabricated offshore without any structure in place to achieve knowledge transfer. Before 2010, we had no active dry-dock facilities. The few we had were abandoned and left to rot away. Today, we have four active dry docking facilities in Port Harcourt, Onne, and Lagos,” he added.

He said the board’s mandate is to develop local capacity in key areas such as manufacturing and fabrication and promote indigenous ownership of assets and utilisation of indigenous assets in oil and gas operations.

Wabote added that the board’s responsibility also include linking  the oil and gas industry  with other sectors of the economy, enhance multiplier effect of oil and gas investments in economy and develop pool of competitive supply chain rooted in oil bearing communities.

Reading riot acts to defaulters of the Nigerian Content Policy, Wabote said non-compliance with the law, will result to the suspension of projects/contracts, penalty of five per cent of project sum, withdrawal of NCDMB’s services, and project cancellation unrecoverable sunk cost.

Other penalties for non-compliance, according to the Executive Secretary, are escalation to other regulators to withdraw or suspend license, withdrawal of approvals or de-classification of contractor from pre-qualification list, application of the full weight of the law in accordance with Section 68, and publication of non-compliant operators in newspapers and professional gazettes.

Also speaking at the occasion, the Chief Operating Officer, DPRP, Mr. Giuseppe Surace, said the programme was organised to create awareness among the company’s contractors on the requirements of NCDMB, as part of moves to ensure the local content policy take roots in their day to day operation.

“The programme was organised to ensure that our contractors are well informed about the Nigerian Content Act and this is expected to assist them with the execution of not just the Dangote project, but other projects in their portfolio,” he added.  

 

Source News Express

Posted 15/10/2018 7:07:40 PM

 

 

CLASSIFIED ADS

 

You may also like...
MEND, FG strike deal for the release of...

Oil workers, banks, electricity workers, aviation professionals, others...

Atiku shocks Buhari in Presidential Villa

Army flushes out criminals in Northwest

Nigerian media and the wheelbarrow theory

Boko Haram’s Ameer (Emir), Mechanic in military’s net...

Angry Nigerians berate Buhari over age alibi

Human Rights Watch kicks against Russia’s ban on...

Jonathan releases timetable for Boko Haram’s defeat •Confirms...

MTN share value jumps following news of likely...

2019: US Ambassador advises Nigerians on whom to...

Rivers 2015: Why I support APC and Peterside...

 

Latest News Nnamdi Kanu releases ‘proofs’ that Buhari is not a Nigerian Ibadan car wash attendant confesses to killing seven persons and drying their bodies with chemicals NCAA to demolish 7,000 telecom masts, issues 30-day ultimatum PDP rejects inclusion of Justice Oyewole as Osun Guber Poll appeal panel member Student ‘commits suicide over academic performance’ Akwa Ibom villages threaten to shutdown substations over lack of electricity NAF to acquire 18 new aircraft in 2020 Troops kill 10 bandits in Zamfara forest World’s first malaria vaccine launched in Malawi IGP orders arrest, prosecution of police attackers Saudi Arabia executes 37 in connection with terrorism Olam to buy Dangote Flour Mills for $424.9 million

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (470,901 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (415,081 views) Shameless Genevieve Nnaji exposes breasts in public (352,595 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (301,904 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (266,212 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (239,134 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (226,163 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,702 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (196,856 views) 10 cars more expensive than Jets (189,326 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (179,140 views) Lagos plane crash: Journalist releases victims’ names (178,631 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (88) Business & Economy (4,213) Business Verdict (65) Columnists (1,017) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (607) Features (746) Global Business Monitor (344) ICT Monitor (35) International (3,348) Interview (176) Live Commentary (29) Love Matters (155) Maggie's Blog (236) News (45,258) Opinion (1,228) Pidgin (17) Politics (10,633) Religion (984) Sports (1,966) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera