Senegal Enters into Local Content Development Deal with Nigeria
Nigerian Content Development and Monitoring Board (NCDMB), is about to sign a Memorandum of Understanding (MoU) that will guide Nigeria’s support for the development of local content for Senegal.
The two countries reached the agreement on Tuesday during a meeting between the executive secretary of NCDMB, Engr. Simbi Wabote and key officials of the Senegalese petroleum industry in Lagos.
The agreement is part of Nigeria’s strategic support to the development of local content culture across the African continent. Investigations reveal that NCDMB has extended the local content tradition to Ghana, Niger Republic, Uganda, Kenya, Gabon and Congo Brazzaville.
Engr. Wabote who spoke on the agreement after the meeting pointed out that the MoU will provide the pathway for the details of the collaboration between the two countries. He maintained that the need for cooperation amongst African countries for the sustainable development of the oil and gas industry in the continent is imperative; adding that Nigeria has acquired a lot of experience in local content development and is well-positioned to support other African countries that had discovered hydrocarbon resources recently.
The Technical Secretary of the Senegalese National Committee for Local Content, Mr. Alpha Sy, who led the Senegalese team, said that their nation is a new entrant to the oil industry and is keen to build local capacities and domesticate key operations in the sector in-country.
Mr. Sy also said that they decided to learn best practices in local content from Nigeria to make the implementation in their jurisdiction a reality.
Also speaking, the Pioneer Executive Secretary of the NCDMB, Dr. Ernest Nwapa, in his remark described the planned MoU as evidence that key initiatives of Nigerian content development had been consolidated over the years and had become a model for African countries.
Dr. Nwapa emphasized the need for the Senegalese government to take their local content policy seriously, design a plan for implementation and pay attention to capacity building of their locals.