Modupe Gbadeyanka
By Modupe Gbadeyanka
Efforts being made by the Nigerian Content Development and Monitoring Board (NCDMB) to attract investments into Nigeria have been commended by the House of Representatives.
Recently, members of the House Committee on Local Content paid an oversight visit to the agency’s premises and project sites in Yenagoa, Bayelsa State and were impressed with what they saw.
The lawmakers lauded NCDMB for its diligent implementation of the Nigerian Content Act and speedy execution of its headquarters building project and the Polaku pipemill project.
Speaking at the Polaku pipemill site, Chairman of the Committee, Mr Emmanuel Ekon, noted that the location met all requirements for citing such a facility, including proximity to natural gas needed to generate electricity for the plant’s operations, access to road and river for transporting raw materials and finished products.
He dismissed insinuations that the agency was acting beyond its mandate in promoting the pipemill, insisting that the Nigerian Oil and Gas Industry Content Development (NOGICD) Act empowered the Board to woo investors and prepare locations, especially difficult terrains so that prospective investors would be convinced to commit their funds.
Commenting after the committee members toured the Board’s headquarters building project, Mr Ekon promised that the House of Representatives would pass the bill extending the Nigerian Content Act to other key sectors of the economy so that Nigerians will enjoy the benefits. According to him, “the first reading has been passed and we are fine tuning it. I believe the bill will be passed this year.”
He listed sectors to be covered by the extension to include power, construction, information communication technology and telecommunication, stressing that violations of Local Content were more prevalent in the construction sector than the oil and gas sector.
He also hailed the Board and its main contractor, MegaStar for the speedy execution of the building project. He added, “I was here when this land was acquired in 2015. Then this place was bare ground. It’s not even up to two years and 8 floors are already standing. We need to sell construction companies like this because it is 100 per cent indigenous. This company has invested resources in machines, personnel and construction equipment. Nigerians, multinationals and the Federal Government should patronise these kinds of companies.”
Speaking earlier when he welcomed the House Committee members at the NCDMB headquarters, the Executive Secretary, NCDMB, Mr Simbi Wabote explained that the Board’s mandate hinged on promoting, monitoring and evaluating Nigerian Content compliance in the oil and gas industry and serving as a catalyst to attract and drive needed investments so as to grow the economy and create jobs.
He restated the Board’s preparedness to assist any local or foreign investor seeking to develop facilities, stressing that the Nigerian Content Act provided that goods manufactured in-country would always get patronized by the industry ahead of foreign alternatives.
On the Polaku pipemill, the Executive Secretary informed that the Board had completed the sand filling of the site, conducted environmental impact assessment and embarked on the construction of the access road. He added that the Board entered into a Memorandum of Understanding (MoU) with Titan Steel of China, who are expected to commence construction and complete the project by 2019.
Dwelling on modular refineries being promoted by the Federal Government for establishment in oil producing states, Mr Wabote stated that the Board’s initiatives seek to ensure that the refineries get fabricated and assembled in Nigeria as against being imported from overseas.
