Kachikwu, Dickson woo investors at NCIF 2017

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Dr. Emmanuel Ibe Kachikwu, Honourable Minister of State for Petroleum Resources and Hon. Seriake Dickson, Governor of Bayelsa State were among top officials of Federal and State Governments that canvassed for investors at the Nigerian Content Investment Forum (NCIF) 2017, held at the sidelines of the 2017 Offshore Technology Conference, (OTC) in Houston, Texas, United States in May.

The NCIF is organised annually by the Board in partnership with Sweetcrude Reports and Rockwaters International Associates.

Day one of the event was organised by Rockwaters and the strategic roundtable session focused on catalyzing investments in modular refining, environmental clean-up, pipemill and driving CNG and LPG penetration. 

Similarly, day two of the event was organised by Sweetcrude Reports and the event focused on matching original equipment manufacturers with Nigerian small and medium scale enterprises.

Kachikwu explained at day one of NCIF that the purpose was to identify prospective investors that are willing to partner with the Nigerian Government and Small and Medium Enterprises (SMEs) to invest in the economy.

He reaffirmed government’s determination to boost local redefining for self-sufficiency. Pursuant to this is the planned establishment of modular refineries in each oil producing state, he said.He also stressed the need for collaboration among stakeholders, irrespective of political or state divides to industrialize the nation.

The Minister also harped on the 7Big Wins identified for the Petroleum Industry, listing some of the focus areas to include improving the business environment and driving investments in the upstream, downstream and midstream sectors. He also promised that the Ministry of Petroleum Resources will come up with a “Going Forward Manual,” to guide how business will be done in the industry.

Engr. Simbi Wabote, Executive Secretary, NCDMB, explained that the NCIF Strategic Roundtable Session was organized to match Original Equipment Manufacturers (OEMs) with Nigerian SMEs. He expressed hope that the event “will depart from the norm of just talking to forging new and fruitful partnerships.”

Dickson in the speech said the Bayelsa State Government will assist investors seeking to set up in the state. He listed the industrial park as one of the projects which investors can partner the Government to develop. He also expressed support for the modular refineries initiative, assuring that the Bayelsa State Government will work with the Federal Government and private investors to set them up in the state.

The NCIF later dissolved into three strategic roundtable sessions that discussed investment opportunities, current challenges and requisite policies.