9th Practical Nigerian Content Forum holds in Bayelsa
The 9th edition of the Practical Nigerian Content (PNC) Forum, organised by CWC Africa in partnership with the Nigerian Content Development and Monitoring Board will take place from 2 – 5 December 2019 in Yenagoa, Bayelsa State.
Speaking at a media engagement in Abuja recently, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote said that strengthening Nigerian Content development will be a priority issue at the 9th Practical Nigerian Content Forum.
Practical Nigerian Content is recognised as the leading platform to engage government and industry players from across the oil and gas value chain to maximise business opportunities and increase Nigerian Content implementation. The annual conference attracts senior government representatives with over 600 industry stakeholders in the Nigerian oil and gas value chain.
Renowned for featuring some of the highest calibre of speakers with expert knowledge in the oil and gas industry, the CWC Africa in a statement said that the 2019 edition of PNC offers yet another opportunity for participants to discuss the potential in the Nigerian oil and gas industry. Adding that speakers will be sharing expert knowledge on various issues around local content implementation and opportunities as it relates to oil and gas, construction among others.
Speaking on the need to expand the Nigerian Content template to accommodate other sectors, Wabote said, “The NCDMB can modify its templates to suit other sectors. In our view, this is a prudent way to expand and entrench local content regime in Nigeria. He stated that the National Assembly plans to develop the extant Local Content Act 2010 to include other sectors of the economy for further domiciliation of contracts.
According to the ES, all signs now point to Nigeria strengthening its Local Content implementation and serving as an example in Local Content Policy for other African countries. He noted that 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.
Wabote hinted that the signing of the African Continental Free Trade Agreement (AfCFTA) which seeks to reduce the economic barriers in pursuit of creating an Africa-wide customs union will be beneficial to 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.”
Speaking further, Wabote said that 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.