Engr. Simbi Wabote, ES NCDMB
…Board surpasses 42% minimum NC target for 2022
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has revealed that the Board achieved 54% Nigerian Content in the Oil & Gas industry between 2016-2022.
Engr. Wabote made this known on Tuesday while delivering his keynote address at the opening of the 10th Practical Nigerian Content Conference holding at Uyo, Akwa-Ibom State from the 5th – 8th December 2022.
According to him: “The push for Nigerian Content (NC) as envisaged in our 10-year Strategic Roadmap has continued to yield results in the last 5 years. Out of the 96 initiatives under the strategic roadmap, we have completed 77.
“It is my pleasure to announce that the 2022 Nigerian Content level in the Nigerian oil and gas industry is 54% based on our monitoring and evaluation of industry activities which bring the average in the last 5 years to 44% Nigerian Content level.
“Once again, this performance is well above the minimum target of 42% NC set for 2022 by the Board’s Project Management Office (PMO) just like we outperformed the 38% NC target set for 2021 by achieving 42% Nigerian Content.
“The top-3 performers of in-country spend in 2022 are Fabrication and Construction at 99% NC, Manpower at 81% NC, and Project Management at 80% NC while the bottom-3 performers are Procurement at 34% NC, Engineering at 46% NC, and Services at 50% NC.”
It is worthwhile to note that the Practical Nigerian Content Forum is a flagship event of the Board which attracts major stakeholders in the oil and gas industry from across Nigeria.
The event serves as an opportunity to showcase the practical investment opportunities and achievements by NCDMB in the Nigerian oil and gas industry and its linkage sectors.
It also hosts senior government officials, heads of International and Indigenous Oil Companies, and exhibitions of industry products and services in the upcoming event.
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