NCDMB to begin enforcement of Nigerian content in downstream, midstream sectors

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To ensure the total implementation of the Act setting up the Nigerian Content Development and Monitoring Board (NCDMB), the board has disclosed plans to begin enforcement in the downstream and midstream sectors of the oil and gas industry, The Sun reports.

Executive Secretary of NCDMB, Mr. Simbi Wabote, announced the plans during a media briefing on his 100 days in office, in Yenagoa, Bayelsa State, yesterday.

Wabote explained that the focus of the board’s compliance monitoring unit was largely on the upstream sector operations of the industry, mainly because of the higher percentage of funds spent in the sub-sector.

He however said; ‘‘In 2017, we have reorganised our monitoring structures and will pay much more attention to the implementation of Nigerian Content in the midstream and downstream sectors of the industry.”