The Nigerian Content Development and Monitoring Board (NCDMB), has said due to its efforts in promoting the local content Act, over 90% of Nigerians now constitute the staff strength of the Nigeria Liquefied Natural Gas (NLNG) and other International Oil Companies in management positions.
The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote, stated this Sunday in Yenagoa, Bayelsa State while receiving the African Local Content Icon Award by the African Leadership Magazine based in the United Kingdom.
He said African countries do not need to be oil-producing before promoting local content.
He said: “Nigerian oil and gas industry had experienced phenomenal transformation in the past 11 years, the percentage of the in-country value created in the oil and gas industry was less than three per cent prior to the enactment of the Nigerian Oil and Gas Industry Content Development Act in 2010.
“With the ongoing NLNG Train 7 project, Local Content saved Nigeria $2bn in the bid for the Engineering Procurement and Construction scopes of the project.”
Presenting the award to the NCDMB boss, the Managing Editor of African Leadership Magazine, Mr Kingsely Okeke, said the award is aimed at promoting Pan Africanism, good governance, good leadership and identifying worthy courses.