NCDMB in talks with oil firms on improving contract processing

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The Nigerian Content Development and Monitoring Board,(NCDMB) and other stakeholders in the value chain are discussing how to improve ways contracts are processed, The Nation reports.

The Board said it was meeting agencies involved in contracts processing, among others, to achieve the goal. NCDMB’s Executive Secretary Simbi Wabote said the agencies needed to improve their internal mechanisms, before they could improve methods of processing contracts in the oil and gas sector.

He said the initiative would help in meeting deadlines for processing contracts by the  petroleum industry. Wabote, who spoke at a stakeholders’ forum in Lagos recently, said the Board would help in providing capacity for infrastructure, manufacturing, procurement and others, that are vital to the growth of the oil and gas sector  and the economy.

He also said NCDMB  was working to know and close the skills gap, by partnering with investors. He said the Board has been positioned to review contracts within 100 days, provided the documents submitted are in line with the Nigerian Oil and Gas Industry Content Development (NOGICG) Act.