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Report indicts NCDMB over poor pursuance of Nigerian content agenda

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Oil worker

Oil worker

A new report by the Borderless (a Nigerian content advocacy group) has faulted the Nigerian Content Development and Monitoring Board (NCDMB) over poor implementation of the Nigerian content agenda.

The group, in a report tagged ‘Looking back, looking forward’ survey on the progress of Nigerian Content, was in commemoration of the sixth anniversary of the Nigerian Content Law.

The document made available to The Guardian by the Founder, Borderless Ltd/Gte, Tunde Kasamotu, said: “As regulators, the Nigerian Content Development and Monitoring Board has failed to effectively and/or sufficiently monitor the activities of International Oil Companies (IOC’s), and/or is lagging behind in its enforcement role.

The report, which harps on transparency in the sector, said, “The NCDMB should readily make information accessible to the public for greater transparency in ensuring Nigerian Content compliance by International Oil Companies.
The group further noted that the non-passage of the Petroleum Industry Bill (PIB) remains a major threat to Nigerian Content development, with the creation of an uncertain investment climate.

Included in the survey is the Nigerian Content Perception Development Index (NCPDI), an annual ranking, of IOCs compliance with the local content directives.

It however rated Shell as the most committed IOC, followed by Addax, Mobil, Total, Agip and Chevron.

Meanwhile, it noted that most indigenous operators still view access to funds as a main challenge, and want greater access to cheap funds. They also want a clearer and less cumbersome process of accessing the Nigerian Content Fund.

Besides, the international oil companies are perceived as progressively more committed to Nigerian Content development.

As developmental partners, it stated that the Nigerian Content development and Monitoring Board is seen to have performed well in assisting indigenous companies.

According to Kasamotu, the goal of the survey was to raise awareness and promote greater commitment towards Nigerian Content development, it generated feedback from a cross-section of indigenous oil and gas companies on how the Nigerian Content Act can be better implemented.


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