Buhari orders NCDMB to boost local content development

President of Nigeria Buhari

President Muhammadu Buhari has directed the Nigeria Content Development and Monitoring Board (NCDMB) to move the oil and gas sector to a more advanced level in terms of content by coming up with a blue print that would enable Nigerians participate actively in the sector.

This was part of the directive from President Buhari to the new boards of the Nigerian National Petroleum Corporation (NNPC) .

The President On Friday inaugurated the boards of Nigeria Nuclear Regulatory Authority (NNRA), Nigerian National Petroleum Corporation (NNPC) and Nigerian Content Development Monitoring Board (NCDMB).

Speaking to State House correspondents, the Executive Secretary of the NCDMB, Engineer Simbi Wabote said the President also charged the board of the NCDMB to be transparent in mapping out a clear Nigerian content.

He said, “A new challenge has been given to the Board to take the Nigerian content to the next level to enable Nigerians participate actively in oil and gas sector.

“To transfer the needed know-how to ensure that as Nigerians we are the ones responsible in moving the oil and gas sector to the next level. A lot has been achieved in the Nigerian content, for now we have to nut it a step higher than it is today.

“There would be a lot of transparency as been charged by the Presidency and we would come up with a clear Nigerian Content blueprint and everybody will be aware of where we want to be in the next five years.

“Nigerian content is not a sprint it is a marathon, we will take our time to do what is right to ensure that we attract foreign investments into the country while managing our local resources effectively”.



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