NCDMB seeks new strategy on barite utilization

A new framework that would promote optimal production and patronage of locally produced barites in oil and gas operations would be developed by the Nigerian Content Development and Monitoring Board (NCDMB) in conjunction with the Association of Miners and Processors of Barites (AMAPOB).

The Executive Secretary of NCDMB, Engr. Simbi Wabote directed the development of the roadmap in Port Harcourt, Rivers State, at a recent workshop organised by the Board and attended by miners, representatives of international operating companies, service companies and other key stakeholders.

When the new framework is developed between six months and one year and is deemed to be practicable, the Board would make a pronouncement on the utilization of locally manufactured barites, he added.

Wabote expressed displeasure that despite the long standing support provided by the NCDMB and the donation of mechanized mining equipment and laboratory by Chevron Nigeria Limited to AMAPOB, there had not been substantial investments by the miners and institution of a sound business model to guide their operations. “NCDMB gave you a nudge. You ought to have taken that and pushed to the next level.”

He invited serious players in the barites value chain to approach the Board with bankable proposals, which could be funded through the Nigerian Content Intervention Forum (NCI Fund). According to him, the Board’s plan is to build capacities and turn some serious players into world class manufacturers of barites.

The Executive Secretary recalled that “from the inception of the Board in 2010 to date, the issue of utilization of Nigerian barites has been on the table and significant milestones have been achieved with the active collaboration and support of key industry players. As a matter of urgency, we must move to the next level by ensuring utilization of local barites.”

“Being a development agency the Board invested in a modular refinery; we are also ready to partner with good investors to ensure local production of barites.”

He noted that optimal production and utilization of locally produced barites in oil and gas operations will create jobs and stem capital flight, as the oil industry spends a minimum of $35 million annually on the importation of barites.

In this response, some stakeholders said they had not made the required investments because of low demand for their products. They maintained that unless existing producers were patronized, there would not be incentive to invest more.

The President of AMAPOB, Mr. Stephen Alao appreciated the Board’s support for the utilization of local barites.  He lamented that the country has huge deposits of barites and other mineral resources but there was low patronage from operating and service companies.

First Vice President, AMAPOB, Mr. Mike Mku, said the barite being produced in Nigeria met the grade demanded by the oil and gas sector and were enough to meet their demand.

Senate commends NCDMB’s development of Headquarters building

…to expand NC Act to other sectors

Members of the Senate Committee on Local Content have commended the Nigerian Content Development and Monitoring Board (NCDMB) for conceiving and developing its 17-storey headquarters building in Yenagoa, Bayelsa State, using the services of a local contractor.

The committee members gave their commendation during a recent oversight visit to the Board’s office and major Nigerian Content locations in Bayelsa and Rivers States.

The Chairman of the Committee, Senator Adeola Solomon Adeola spoke after the group undertook a tour of the building site and he applauded the overall quality of execution. He added that when completed the building would meet the present and future needs of the NCDMB. “The project will also meet the expectations of all Nigerians, especially those in the oil and gas industry.”

He also hailed the Board and its main contractor, Megastar Technical & Construction Company Limited for the speedy and professional development of the project. “I am happy that we have a project of this magnitude being executed by a Nigerian company. The most interesting part of this project is that it is local content driven.”

The Chairman of the Senate Committee, Upstream Petroleum Resources and member of the Local Content Committee, Senator Tayo Alasoadura, also described the new building as a wonderful initiative, which would contribute to the development of Bayelsa State and the entire oil and gas industry.

Also speaking, Senator Dino Melaye noted that project would save the economy huge costs in the future. “I commend NCDMB for projecting into the future. Eventually, the building might not even meet the needs of the Board and the oil and gas industry. We need to develop similar projects in many other sectors and locations.

On the implementation of the Nigerian Content, Senator Adeola said the Board’s efforts have helped to attract investments into the economy, develop human capacities and technology in the oil and gas sector. He stated further that the Nigerian Content aims to promote empowerment and employment of indigenes and facilitate technology transfer in order to expand the local economy.

He assured that the committee would continue to add value to the Local Content initiative, increase the impact and enforcement of the NOGICD ACT and work with the NCDMB for a greater fulfillment of its mandate in the overall interest of all Nigerians.

He added that “the committee has commenced the review of the NOGICD ACT 2010 to increase its relevance to the current industry realities and more importantly to expand its scope to cover other industry such as ICT, telecom, manufacturing, extractive industry among others.”

In his welcome remarks, the Executive Secretary, NCDMB, Engr. Simbi Wabote stated that the Board’s 17-storey headquarters building would be a source of pride to indigenes and residents of the Niger Delta region. He confirmed that only eight floors would be used for office space, while one floor would host an oil and gas training centre of excellence. According to Wabote, some operating and service companies have already indicated their interest to rent some of the floors and proceeds from such lease would be used to maintain the building. He also said that the structure would utilise electricity generated from an independent power plant being developed by the Nigerian Agip Oil Company (NAOC) in Bayelsa State.

In his response to questions by the lawmakers, the Executive Secretary clarified that the Federal Executive Council (FEC) approved an increase in the project’s budget, because of the huge fluctuations in the foreign exchange rates, which greatly affected the costs of inputs.

UNICAL student wins Nigerian Content Essay competition

A first year student of Electronics and Computer Technology at the University of Calabar, Cross River State, Mr. Ubon James, has emerged the winner of the second edition of the annual national oil and gas essay competition organised by the Nigerian Content Development and Monitoring Board (NCDMB).

The essay submitted by the 27-year-old was adjudged the best amongst over 3000 entries contributed by first and second year students from universities across the country.  He was rewarded with a cash prize of Five Hundred Thousand Naira (N500,000), a new laptop and a plaque.

The top four finalists included Mr. Peter Abegunde, a 200-level law student of Joseph Ayo Babalola University; Deseye Odubo, a 100 level Medical Student of Niger Delta University, Bayelsa State; Melex Tamaradoubra, a student of Medical Laboratory, Rivers State University, Port Harcourt and Osatohamen Ebhodaghe of the University of Benin. The top ten finalists received graduated cash prizes.

Receiving the prize, Ubon called on other government agencies and multinational companies in Nigeria to emulate the example of NCDMB to promote programmes that will bring out the best in youths. He also charged young people to shun vices and channel their energies towards positive endeavors.

The Executive Secretary of NCDMB, Engr. Simbi Wabote who was represented by the General Manager, Corporate Communication and Zonal Coordination, Dr. Ginah O. Ginah explained that the essay competition provides a good opportunity for the Board to engage Nigerian youths, especially the undergraduates and introduce them to the concept of Nigerian Content.

According to him, “it is important to conscientize the young ones on Nigerian Content and the nexus to developing and industrializing our economy. We decided to make the contest pan-Nigeria so as to create geographical balance and engender keen competition. We also wanted to make the point that Nigerian Content activities and implementation is open to Nigerians from all geopolitical zones.”

In his opening remarks, Manager, Corporate Communications, NCDMB, Barr. Naboth Onyesoh emphasized that enlightened citizenry is critical to local content growth and high performance in the oil and gas sector.

While congratulating the top ten finalists, Onyesoh encouraged them to continually improve their writing competencies because it comes with numerous benefits.

The Project Consultant, Mr. Eyinimi Omorozi said the project was conceived to promote academic excellence among university and polytechnic students. He added that it was also aimed at creating awareness for the youths on the need to build local capacities and competencies, for increased indigenous participation in the oil and gas industry.

Chairman of the occasion and Vice Chancellor, Federal University, Otuoke, Bayelsa State, Professor Seth Accra Jaja commended the NCDMB for various initiatives it had introduced to develop the youths of the country. He sought for closer synergy between universities and the industry, to enable the students gain requisite practical experiences and become employable upon graduation.

NCDMB sponsors sea time training for 20 cadets

The mandatory sea time training programme for 20 cadets sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) started on Monday at Charkins Maritime and Offshore Services Limited, Port Harcourt, Rivers State.

The programme is aimed at addressing the deficit of trained cadets in the maritime and oil and gas industries and reduce the dependence on foreign personnel in the marine operations. The trainees were selected from the Nigerian Oil and Gas Industry Content Joint Qualification System (NOGIC JQS).

Under the programme, the cadets will be trained by Bernard Schulte Group for 12 months on board a foreign vessel and will be international certified after the training and awarded the Certificate of Competence (COC) recognized by the Nigerian Maritime Administration and Safety Agency (NIMASA).

In his opening remarks, the Executive Secretary, NCDMB, Engr. Simbi Wabote represented by the General Manager, Capacity Building Division, Dr. Ama Ikuru explained that the cadets training is a Human Capacity Building Initiative of the Board, geared towards increasing the participation of Nigerians in the oil and gas industry, especially in shipping which is an important aspect of the sector.

According to him, over 10,000 vessels berth at the Nigerian Port each year but there were deficiency of Nigerians required in manning those vessels.

He said: “51 candidates were selected for the test, 41 candidates turned up and 20 cadets were selected for the training in Ghana”.

Ikuru advised the cadets to be hardworking, dedicated and aspire to be the best, even as he gave the assurance that the Board would support them to succeed.

Also speaking, the Chief Executive Officer, Charkins Maritime and Offshore Safety Centre, Sir Charles Kimikanwo Wami commended the Board for its effective implementation of the Nigerian Content Act and for collaborating with stakeholders and empowering youths through provision of job opportunities.

He advised the cadets to make good use of the opportunity and become good ambassadors of their communities and the nation.

NCDMB, indigenous producers sign agreement on tendering cycle

… We‘ve recorded 98% performance with SLAs-Wabote

The Nigerian Content Development and Monitoring Board (NCDMB) and the Indigenous Petroleum Producers Group (IPPG) have signed a Service Level Agreement (SLA), which would drive local content implementation and simplify the procurement and tendering processes for oil and gas projects.

The Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote and the General Manager, Projects Certification and Authorization Division (PCAD), NCDMB, Engr. Paul Zuhumben signed on behalf of the Board at a ceremony in Lagos on Tuesday, while the Chairman of the IPPG, Mr. Ademola Adeyemi-Bero and the Managing Director, Newcross Petroleum Limited, Engr. Victor Sodje signed for the operating companies.

The SLA was developed by the two parties in line with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and in sync with the Board’s 10-Year Strategic Roadmap.

The Executive Secretary said the SLA would enhance the reduction of contracting timelines to six months to meet the target set by the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu.

The agreement with the IPPG is the third in the series. The Board had executed similar pacts with the Nigeria Liquefied Natural Gas (NLNG) and the Oil Producers Trade Section (OPTS) – the umbrella body of major oil producing companies. “This initiative was the first between a regulator and its key stakeholders in the Nigerian oil and gas industry,” Wabote added.

According to him, the SLA initiative has been very effective since its introduction in May 2017. “It has enhanced the efficiency of the interface between the Board and industry operators. The example can be seen in the swift execution of some contracts in the oil and gas industry such as the LPG vessel supply contract awarded by NLNG, the NLNG Train-7 project, and several other contracts put in place by the international operating companies under the umbrella of the SLA signed with OPTS.

“The finger-pointing to the Board as the point of delay in contracting process has drastically reduced with the transparency engendered by the SLA’s.”

The Executive Secretary also reported that the Board’s delivery on the SLA has been receiving accolades. “One company keeps track of our performance in terms of when their staff submit documents to us and when they get approvals.  They scored us 98 percent in terms of the SLA we signed with them.”

He also expressed optimism that the new agreement with IPPG would record a similar success and charged the members to fulfil their part of the deal.

The aspiration, he underlined, is for indigenous operators to see NCDMB as a key contributor to the Federal Government’s policy on Ease of Doing Business and not an obstacle to business aspirations.

Speaking further, Wabote commended IPPG members for demonstrating that indigenous operators can operate oil and gas fields successfully. “I have always highlighted at different fora that our indigenous operators as represented by IPPG are poster children of the Nigerian Content law.”

He challenged the companies to go into manufacturing, reiterating the pledge that the Board would support firms that come up with bankable proposals that would add value to the nation’s hydrocarbons. “The Board is still waiting for more of your 25-member group to come forward with similar or even better proposals than the one we did with Waltersmith.”

Chairman of the IPPG and Managing Director of First E&P, Mr. Ademola Adeyemi-Bero, pledged that the members would comply with the SLA, noting that key mantra of the group were to comply with all regulatory requirements, operate at international standards and add value to the nation’s oil and gas.

He said, “We have gone through it and we are in support. I am signing for the 25 members. The SLA is beneficial to each of our members. It will be a journey for us because it’s an issue of understanding.”

He also confirmed that the secretariat of the group would operationalize the SLA and track compliance on behalf of the members.

Adeyemi-Bero admitted that a major challenge many indigenous producer have with complying with the Nigerian Content Act stemmed from their perception of the law. “Because we are indigenous companies, some of us sometimes assume that we were not meant to comply.”

He identified the key issues in the SLA to include ‘how to efficiently drive Nigerian Content related documentations, submissions, reviews and approvals in line with the NOGIC Act.’

He stressed that their members had neither the vast processes of the IOCs nor well established capital base, hence would sometimes approach the Board for pragmatic concessions.

NCDMB, stakeholders begin review of new projects, opportunities

The Nigerian Content Development and Monitoring Board (NCDMB) and key players of the Nigerian oil and gas industry have begun to review the existing data on upcoming projects and their Nigerian Content opportunities.

The review seeks to update the Compendium of Nigerian Content Opportunities, highlight  challenges  faced  by  operators  and  service  providers  and  proffer solutions that would increase in-country value creation and retention and fast-track the development of new projects.

The Board organised a two-day workshop in Lagos recently and it featured sessions on upstream opportunities, with presentations from international and indigenous operating companies and a dedicated marine vessels strategy session on the second day.

The Director, Planning, Research and Statistics, NCDMB, Mr. Daziba Patrick Obah, delivered the opening address on behalf of the Executive Secretary, Engr. Simbi Wabote and stated that the event would build on the data generated in the maiden edition of the Nigerian Oil and Gas Opportunities Fair (NOGOF) held in 2017 at Uyo, Akwa Ibom State. A key output from the Uyo event was a compilation of opportunities in the upstream, midstream and downstream sectors.

He stressed the need to update the compendium on an annual basis to enable the Board and stakeholders track the progress made in maximising Nigerian Content opportunities.

The Director, Monitoring and Evaluation, NCDMB and coordinator of the event, Mr. Akintunde Adelana, informed that NOGOF 2019 will hold from April 4-5, 2019, at the 1000-seater conference hall of the new NCDMB headquarters in Yenagoa, Bayelsa State. Expected attendees include venture capitalists, investors and other players in industry. The event would also serve an avenue to identify gaps in local content, list investment opportunities and highlight value-addition and employment opportunities, he added.

Participants at the Lagos workshop suggested that NOGOF 2019 should identify opportunities for synergy and foster collaboration between contractors. Other proposals include the need for a session that would discuss the progress made in reviewing schedules to the NOGICD Act as well as a session that would focus on technology.

Stakeholders also advised NCDMB to effectively monitor contract execution and maximally disburse the Nigerian Content Intervention Fund (NCI Fund) to boost the financial capacity of local contractors.

It was also canvassed that the forthcoming NOGOF should set agenda for greater collaboration among government agencies connected with Nigerian Content.

Representatives of various international and indigenous operating companies presented their goodwill messages.

Chairman of   the Petroleum Technology Association (PETAN), Mr.  Bank-Anthony Okoroafor, confirmed that that NCDMB’s aspirations like the domestication of technology, growing the nation’s GDP and developing capacities in-country were in tandem with PETAN ideals.

In his presentation, the Director of the Department of Petroleum Resources (DPR), Mr. Mordecai Ladan, represented by Engr. Joseph Ogunsola of the Gas Division, stated that the Nigerian gas industry offered incredible opportunities for investments, which would create huge benefits for the investors and Nigerian people.

He stressed that to achieve gas flare-out, there must be focus on infrastructure, fiscal terms, open access to facilities, political will, technology options and synergy among industry players. He stated that the National Gas Flare Commercialisation Programme (NGFCP) has a target of zero routine gas flaring in Nigeria by 2020.

 

The Nigerian Content Capacity Development Manager, Total Exploration and Production Nigeria, Engr. Sylvester Iduseri, indicated that the company’s Egina deepwater project achieved 75 percent Local Content and exceeded the 70 percent target set by the NCDMB. He said studies were ongoing for Pereowei development, a subsea field project, which would be a tie-back to the Egina FPSO.

Tendering was ongoing for the Ikike project and the Final Investment Decision (FID) forecast is expected in Q4 2018, he added.

He also explained that Nigerian Content opportunities in the Ikike project exist in engineering, procurement, construction and fabrication, installation, drilling, completion among others.

Other key suggestions at the workshop included the need for project promoters to continue to christen projects and facilities with names of their host communities as such gestures would foster a sense of belonging in the communities.

NCDMB, Dangote Refinery hold workshop on Nigerian Content

The Nigerian Content Development and Monitoring Board (NCDMB) and the Dangote Petroleum Refinery and Petrochemicals (DPRP) recently organized a one-day sensitization workshop on Nigerian Content Compliance.

The workshop was held in Lagos State and sought to enlighten Dangote Refinery Project contractors on the regulations, policies and laws that apply in the oil and gas industry as well as encourage compliance.

In his address, the Executive Secretary of NCDMB, Engr. Simbi Wabote, represented by the Director, Monitoring and Evaluation, Mr. Akintunde Adelana, explained that the workshop was intended to create awareness on the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, increase the participation of Nigerian companies and utilization of local goods and services in the execution of the refinery project.

Adelana regretted that the first 50 years of oil exploration and production in Nigeria, up until 2010 was characterized by almost every activity in the industry being executed overseas, resulting in huge capital flight, lack of jobs for Nigerians in the industry, non-existence of requisite in-country capacities and ultimately less than five percent in-country value retention.

He noted that the Board’s target under its Nigerian Content 10-year strategic roadmap is to achieve 70 percent in-country value retention by 2027, and to meet the target, there was need for greater indigenous participation and domiciliation of industry activities. He clarified that Nigerian Content is not geared to promote indigenization of industry activities but is rather focused on domestication and domiciliation of operations.

He expressed delight at the level of work going on at the refinery site, noting that the Chief Operations Officer (COO) of DPRP, Mr. Giuseppe Surace has tremendous knowledge of Nigerian Content practice, having worked previously with Saipem Nigeria.

In his remarks, Surace assured that the execution of the DPRP project would engage Nigerian vendors and create local capacities, in line with the provisions of the Nigerian Content Act.

 

NCDMB donates Economics Lab to Niger Delta University (NDU)

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday commissioned an ultramodern Econometrics Laboratory it built at the Department of Economics, Niger Delta University, Wilberforce Island, Bayelsa State.
The laboratory is equipped with state of the art computers, modern economics software, projectors, printers, photocopiers and is powered by a 30 KVA generating set with a backup 10 KVA inverter to ensure stable and constant power supply.
Speaking at the event, the Executive Secretary, NCDMB Engr. Simbi Wabote, represented by a Supervisor in the Capacity Building Division, Mr. Timbiri Augustine, said the project was part of the Board’s efforts to close existing gaps in the Nigerian educational system. He added that the laboratory will enhance the quality of teaching and learning in the Department of Economics and impact positively on the graduates.
He explained further that the mandate of the Board was to build human and material capacities and capabilities and ensure the utilization of local facilities, technology as well as goods and services in the operation of the Nigerian Oil and Gas Industry.
He urged the university to ensure effective use of the laboratory and assured that the Board would continue to collaborate with institutions of higher learnings in Nigeria to boost the standards of learning for undergraduates.
In his remarks, the Vice Chancellor of the University, Prof. Samuel G. Edoumiekumo commended the Board for donating the laboratory, which would enhance the value of the graduates and lecturers. He also requested the NCDMB to establish a Research and Development Centre of Excellence in the Engineering Faculty, to upscale the capacities of young Nigerians with skills required in the Oil and Gas Sector.

Kachikwu sets up Nigerian Content Research & Development Council

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Wednesday in Abuja inaugurated the Nigerian Content Research and Development Council (NCRDC).

The Council is expected to advise the Nigerian Content Development and Monitoring Board (NCDMB) on matters relating to Research, Development and Innovation strategy for the oil and gas industry.

The council’s terms of reference are to “advise the Board on criteria and methodology for prioritizing market cum demand-driven research projects, advise the Board on the appropriate strategies and governance arrangements to attract funding for research projects and advise the Board on criteria for the award of research grants and review progress on impact of such grants on Research projects, Product development and Innovation.”

Inaugurating the council, Kachikwu commended NCDMB for accomplishing the commitment it made at the 2017 Research and Development Fair. He described the R&D council as a timely innovation that would deepen the achievements recorded in Nigerian Content implementation.

He charged the members to deliver on their mandate, which will help redress the fallings of the oil and gas sector to the Nigerian economy. “After 50 years, we still cannot refine enough petroleum products and we cannot provide enough electricity for our 190 million populace. In the eyes of the general public, oil is failing the country. Some of the bold steps NCDMB is taking, to create research and create focus will internalize growth and development.”

The Minister underlined that NCDMB had transitioned from just being a policy maker to also functioning as a project promoter. He commended the Board for investing in the Waltersmith Modular refinery, developing industrial parks in Bayelsa and Cross River States and catalyzing the partial integration of the Egina FPSO.

 

Kachikwu added that the NCDMB is focused on increasing Nigerian participation in oil and gas projects and engendering business opportunities locally. “The new NCDMB is more dynamic and focused, to a point where the National Assembly is now considering whether Local Content should be implemented across sectors because of the success we have brought to the oil and gas industry. Even the world, especially African countries have taken notice.”

In his comments, the Executive Secretary of NCDMB, Engr. Simbi Wabote explained that the framework of the Board’s research and development provides that all research topics or thematic areas must be based on industry challenge or needs.

He added that “the Board will be more involved in applied research to give room for product development and would encourage prototype development of products.

“The Board would be involved as well as encourage commercialization of products or research endeavors. The Board would ensure that every product that is commercialized at the back of oil and gas activities is accepted and utilized.”

 

The Nigerian Content Research and Development Council is chaired by the Executive Secretary of NCDMB. Other members include Engr. Patrick Olimna, representing the Oil Producers Trade Section (OPTS); Mr. Uzochi Nwagwu, representing the Petroleum Contractors Trade Section (PCTS); Dr. S.B Ramon Yusuf from the National Universities Commission (NUC) and Mr. Isa Yusuf Maikanma from the National Board for Technology Incubation (NBTI). Other members include Dr. John Erinne, representing the Petroleum Technology Association of Nigeria (PETAN); Mr. Dele Aikihonbare, representing Independent Petroleum Producers Group (IPPG) and Mr. Tandama Adamu Abu from the National Office for Technology Acquisition and Promotion (NOTAP).

Wabote seeks action on gas investments

… to invest in the gas value chain

…set to sign MoUs with investors on NOGAPS

Players in the gas sector should canvass for speedy implementation of existing policies and pursue the delivery of identified gas opportunities, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said.

He spoke in Abuja at the Nigerian Gas Association’s 2018 International Conference held recently and argued that there had been sufficient discussions on missed opportunities of the past years and huge subsisting potentials of gas to the Nigerian economy.

Members of the NGA and other stakeholders of the oil and gas industry must begin to pick up the gauntlet, he posited. “I implore you to make this happen. It does not have to be a gigantic, big bang project that overwhelms everybody and does not get delivered at the end of the day. Let’s take one or two aspects of the value chain and channel all energies on them so that in two years’ time we are here to celebrate value addition to our hydrocarbon resources.”

The Executive Secretary confirmed that NCDMB had begun to implement some of its initiatives, citing an example with the US$200m Nigerian Content Intervention Fund, managed by Bank of Industry for the provision of loans to oil and gas service providers at single digit interest rates for the acquisition of key assets, manufacturing and other activities.

Another ongoing initiative is the Nigerian Oil and Gas Parks Scheme (NOGAPS) currently under construction in Bayelsa and Cross River states. “The parks will be operated using the sites and service model with provision of electricity round the clock to enhance manufacturing activities,” he added.

Wabote affirmed that the NCDMB would be willing to support any investor willing to deepen local content practice in the gas value chain. According to him, “part of our 10-year strategic roadmap is to support credible proposals from local businesses that want to key into opportunities in the hydrocarbon value chain. Let’s move beyond talk into action. Our recent deal to support the construction of a 5,000 barrels per day modular refinery was done in less than six months.

“If you are interested in manufacturing of cylinders, clips, hoses, burners, regulators, lighters, or in the provision of other services in the gas value chain, please approach the Bank of Industry with your applications. A key requirement is that you must be a contributor to the Nigerian Content Development Fund.”

Dwelling on NOGAPS, the NCDMB boss invited interested investors to liaise with the Board on how to participate in the scheme. He hinted that the Board would sign Memorandum of Understanding with such investors before the end of 2018 and early birds would enjoy the first mover advantage.

He also confirmed that the 25 megawatts independent power project (IPP) being developed by the Nigerian Agip Oil Company (NAOC) in partnership with the Board in Bayelsa State would be commissioned in December 2018. The IPP would power the Bayelsa NOGAPS and the Board’s 17-storey headquarters building, which would be completed in the first quarter of 2019.