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    MarketForces Africa » Economy » Nigerian Content: We’ve Achieved Self-Sufficiency in Fabrication – NCDMB

    Nigerian Content: We’ve Achieved Self-Sufficiency in Fabrication – NCDMB

    Marketforces AfricaBy Marketforces AfricaDecember 20, 2023 Economy No Comments3 Mins Read
    Nigerian Content: We’ve Achieved Self-Sufficiency in Fabrication – NCDMB
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    Nigerian Content: We’ve Achieved Self-Sufficiency in Fabrication – NCDMB

    The Nigerian Content Development and Monitoring Board (NCDMB) says it has achieved self-sufficiency in indigenous fabrication and is already exporting fabrication capacity to other African countries.

    NCDMB on Tuesday announced the conclusion of a 260,000 metric tonne project for Nigerian offshore oilfields by wholly indigenous expertise and manpower.

    Mr Esueme Dan-Kikile, General Manager, Corporate Communications at NCDMB announced the feat at the 2023 Capacity Building Workshop for Media Stakeholders in Port Harcourt.

    According to the Board, the country presently has excess fabrication capacity

    He said that projects that would have been fabricated elsewhere in the world could now be conveniently domiciled in Nigeria, following implementation of Nigerian Content policy.

    Dan-Kikile explained that there was nothing in the oil and gas sector that needed to be fabricated in the world, which Nigerians did not have the capacity to handle.

    He said that Local Content in the Nigerian Oil and Gas sector was currently at 54 per cent.

    He added that the Board’s new leadership under the new Executive Secretary, Felix Ogbe hoped to grow it to 70 per cent by 2027.

    He emphasised the media’s importance in advancing local capacity development and urged them to scrutinise the NCDMB‘s Nigerian Content activities for greater effectiveness.

     “Part of the Nigerian Content 10-year plan is to ensure that there are key fabrication centres in Nigeria, and we have surpassed that target.

    ”Our plans was to be able to meet over a hundred metric tonnes of fabrication in-country, but as we speak we have over 260,000 metric tonnes of fabrication in-country.

    “So, we have exceeded the plans we had in place. As we speak there is excess capacity in fabrication.

    ”Some of our companies in Nigeria (PETAN) are now working outside the country, particularly in Senegal and other West African countries.

    “In terms of human capacity, we have Nigerians who have the ability to sit in leadership positions in the entire oil and gas industry value chain, and that is already happening.

    ”We are not looking at 100 per cent now because we still need activities that will be done outside in terms of investors’ interest.”

    Also, Mr Omomehin Ajimijaye, NCDMB’s General Manager, Research, Statistics and Development, said that the Board was using Research and Development (R&D) to drive growth of Nigerian Content

    According to him, the board has set aside a 50 million dollars Research and Development (R&D) Fund and has established R&D Centres of excellence in five universities across Nigeria and urged Nigerian researchers to draw from the fund.

    He assured that the board will continue to facilitate the acceptance of products of indigenous researched and developed that meet industry standards, as part of its efforts to developing enhancing local capacity

    “We at NCDMB give them that assurance that if you are able to do your research, and develop your products, that will help the industry, we will push your products to be used in the industry and given right of first refusal,” he said.

    He said as part of NCDMB efforts, Nigeria was already exporting paints and cables used outside the country.

    He listed the challenges facing research and development to include, skills gap, infrastructure gaps, access to data, policy gaps, research and Development culture. Naira Devaluation Deepens Economic Crisis in Nigeria

    The workshop drew participants from Bayelsa and Rivers

    Investors Nigeria
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