The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has reiterated the Federal Government’s commitment to deepen Nigerian content in the oil and gas industry.
Kachikwu, represented by Mrs Folashade Yemi-Esen, Permanent Secretary in the ministry disclosed this on Tuesday during the opening ceremony of the 8th Practical Nigerian Content in Yenagoa, Bayelsa State.
The 2018 edition of PNC with a theme, “Nigerian Content: Driving Economic Development and Sustainability Forward” held in collaboration with the Bayelsa State Government. The four-day event saw the convergence of government officials, delegates and stakeholders in the Nigerian oil and gas industry deliberate on the strategies to sustain and increase Nigerian Content in oil and gas.
Speaking further, the Minister commended Nigerian Content Development and Monitoring Board’s achievements and called for support on the job creation initiatives of the present government.
Also speaking, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru said the corporation would partner with the Nigerian Content Development and Monitoring Board (NCDMB).
Baru said the partnership would increase the Nigerian content in oil and gas industry to 90% before 2027.
He added that the NNPC was poised to promote development and commercialisation of up-grown technology.
He promised to also collaborate with NCDMB in setting up research clusters with specialty in oil and gas activities.the
“NNPC’s focus on localization cannot be more harped than now, because this concept will ensure that all crude oil for export in the region and globally after meeting local demand.
“We are fully committed to NCDMB’s agenda for the next ten years, to increase Nigerian content in oil and gas industry to 90%.
“This initiative will engender economic development and sustain it through backward and forward integration for local content maximization of various industries,” he said.
Bayelsa State Governor, Seriake Dickson, while declaring the forum open, urged all multinational oil companies operating in the country to actively localise their operations by relocating their operational bases to the area.