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NCDMB admits smart concepts threaten jobs in oil industry

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Wabote

Oil sector workers must brace up for the fourth industrial revolution that has brought Artificial Intelligence (AI), Internet of Things (IoT), energy transition and other new concepts into the oil and gas industry, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said.
   
Wabote stated this while delivering a lecture at the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) National Executive Council (NEC) Meeting in Owerri, the Imo State capital.
  
The Executive Secretary hinted that the switch to fully automated Floating Production Storage and Offloading (vessel) with zero manning on board and planned phasing out petrol-driven cars have huge consequences for the type and number of jobs that would be available and the skill sets to be required. 
  
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He urged the union leaders to organise strategic workshops and implement plans to transit their members into emerging job roles and equip them with the necessary skills to fit into the emerging eco-system of the energy transition.
   
Wabote provided an overview of Nigeria’s hydrocarbon resource base and factors that gave rise to local content in the oil and gas industry and stimulated the Nigerian Oil and Gas Industry Content Development (NOGICD) Act as part of Nigeria’s national economic development imperative. 
   
He further highlighted key parameters of sustainable local content practice to include optimising Nigerian resources, maximising the participation of Nigerians in oil and gas activities, attracting investments to the Nigerian oil and gas sector and linking the oil and gas sector to other sectors of the economy.
   
He emphasised that the focus of the local content is not the nationalisation of the oil and gas sector but the domestication of value-adding activities, adding that local content development needs foreigners and foreign direct investments (FDIs) to thrive.
  
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“The Board has deployed these parameters in the oil and gas sector for sustainable local content practice through a regulatory framework, research and development (R&D), capacity building interventions, fiscal and monetary incentives as well as regular analysis to determine gaps that require closure concerning skills, facilities and infrastructure,”the Executive Secretary stated.
  
He listed some of the achievements in the light of the 10-year strategic roadmap aimed at achieving 70 per cent Nigerian content by 2027 from the current level of 35 per cent in the oil and gas industry. 
  
The NCDMB boss enumerated the Board’s mandate to include developing the capacity of the local supply chain for effective and efficient delivery of the oil and gas industry without compromising standards and implementing the provisions of the NOGICD Act 2010.
  
In his remarks, the National President of PENGASSAN, Festus Osifo disclosed that the gathering was to re-assess the implementation of the association’s plans towards the improvement of the welfare of its members as well as furthering the growth of the union. 
  
He added that the meeting was also to review some of the interventions made by the union to ensure that government’s policies on the oil and gas industry benefit not only its members but also engender economic growth.
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