Speaking as the preeminent local content advocate in Africa, the NCDMB boss gave an overview of key parameters that are critical to in-country value addition and growth of the sector on a sustainable basis.
NCDMB Widens Content Advocacy, Retains Over $10Bn Oil Sector Spend In-Country orientalnewsng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orientalnewsng.com Daily Mail and Mail on Sunday newspapers.
Section 104 prescribes the creation of a Nigerian Content Development Fund, while Sections 37, 38, and 39 deal with Research and Development. In Section 59, the focus is on Effective Monitoring of the Implementation of the Act.
The Federal High Court sitting in Yenagoa, Bayelsa State on Tuesday delivered a landmark judgement confirming the authority of the Nigerian Content Development and Monitoring Board (NCDMB) to collect the one per cent Nigerian Content Development Fund (NCDF) levy from every contract awarded in the Nigerian oil and gas upstream transaction as mandated under section