Tag: practical nigerian content
At the just-concluded Practical Nigerian Content held in Yenagoa, Bayelsa – CNBC Africa’s Christy Cole spoke to CEO of Marine Platform, Taofik Adegbite on his key takeaway from conversations held at the event.
All unnecessary loopholes and layers creating opportunities for abuse must be removed for Nigeria’s local contention adoption to thrive within the oil and gas sector. That’s according to Senator Teslim Folarin, Chairman of the Senate Committee on Local Content while speaking to CNBC Africa’s Christy Cole on the sidelines of the just-concluded Practical Nigerian Content held in Yenagoa, Bayelsa.
Stakeholder-engagements at the 9th Practical Nigerian Content have revolved around leveraging local content to grow Nigeria’s oil and gas industry, deepening the sector’s contributions to GDP as well as re-working policies. On the sidelines of the event, Chief Operating Officer of Starzs Investments, Iroghama Obuoforibo joins CNBC Africa’s Christy Cole, to discuss collaborations which are vital to building capacity of service providers within the industry and how they must be deliberately cultivate.
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva has called on multinationals and indigenous oil companies in Nigeria to take a cue from the Nigerian Content Development and Monitoring Board and engage more local contractors. During his opening remarks and the 9th Practical Nigerian Content – Minister Timipre Sylva also highlighted priority areas for Nigeria’s oil and gas sector in the coming year. He joins CNBC Africa for more.
Executive Secretary of Nigerian Content Development and Monitoring Board, Simbi Wabote says the board is aiming to increase local participation in Nigeria's oil and gas industry to about 70 percent over the next 10 years. CNBC Africa’s Christy Cole spoke to Executive Secretary of NCDMB, Simbi Wabote at the ongoing 9th Practical Nigerian Content event, where it was also clarified on the board’s position on Seplat’s appointment of a non-Nigerian CEO, saying the company has not broken any law.
At the unveiling of Nestoil’s new corporate Identity, former Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Ernest Nwapa, described Nestoil as an example of a Practical Nigerian Content. He discussed this and more with CNBC Africa’s Wole Famurewa.