The Nigerian Content Development and Monitoring Board (NCDMB) and some international oil companies (IOCs) have promised to fast-track oil and gas projects implementation to increase Nigeria’s crude oil production and create opportunities for the growth and development of Nigerian Content, The Nation reports.
The IOCs gave the assurance when the Executive Secretary of NCDMB, Simbi Kesiye Wabote, visited them in Lagos to seek collaboration and make firm commitment to support upcoming projects. The Executive Secretary visited Chevron, Total Upstream and Shell with top management of the Board. He said NCDMB had adopted mechanisms that accelerate processing time for Nigerian Content plans, technical and commercial evaluation and issuance of Nigerian Content certificates.
Wabote charged other entities involved in the contracting cycle to adopt similar strategies so the sector can achieve the six months contract processing target set by the Minister of State for Petroleum Resources, Dr. Ibe Emmanuel Kachikwu. He also expressed the Board’s readiness to partner various stakeholders in resolving challenges they have in executing their projects.