The Minister of State for Petroleum Resources, Chief Timipre Sylva has commended the Nigerian Content Development and Monitoring Board (NCDMB) for the quality of work and the progress recorded on the Nigerian Oil and Gas Park being developed by the Board using wholly Nigerian companies.
Sylvia gave this commendation when he led members of the NCDMB Governing Council and other stakeholders to the inspect the level of work done on the site located in Emeyal 1, Ogbia, Yenagoa Local Government Area, Bayelsa State.
He disclosed that the project is 70 percent completed and will be commissioned before the end of 2022 by President Muhammadu Buhari. “I must say I’m very impressed with what I have seen today. This place used to be a swamp before this time but a lot of work has been done to bring it to this standard.”
The Petroleum Minister explained that oil and gas parks were being developed around the oil and gas producing states to provide opportunities for original equipment manufacturers to produce components that would serve the oil and gas industry and its linkage sectors. Sylva added that the project supports the President Buhari’s agenda on job creation as it would create about 2000 direct and indirect jobs upon completion.
Speaking further, Sylva said,” the NCDMB has done very well; before the establishment of this Board, local participation was about three percent but today they have taken it to over 30 percent and the trajectory is to boost it to 70 percent by the year 2027.”
Sylva applauded the host community for sustaining the atmosphere of peace and urged them to continue to promote peace and tranquility in the community to ensure completion of the project.
In his welcome address, the Executive Secretary, NCDMB, Engr. Simbi Wabote commended the minister for his drive towards the success of the project. He hailed the Minister for his devotion and commitment towards the actualization of the massive project and appreciated Mr. President for the support and drive towards opening local manufacturing shop centers within the country.
“The policy of President Buhari-led Federal Government towards opening up local manufacturing in the country is one sure way of driving economic development,” Wabote said.
Wabote reiterated that the Nigerian Oil and Gas Park Scheme (NOGaPs) is one of the NCDMB flagship projects which is in line with the Federal Government’s mandate to develop indigenous capacities for the oil and gas Industry.