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Dayo Adenubi
Dayo Adenubi
Published 26 May 2021
The Nigerian Content Development and Monitoring Board said that it had committed a total of $332m to venture partnerships and targeted $3.7bn in direct investment to the country.
The Executive Secretary of the NCDMB, Simbi Wabote, said this at the 2021 edition of the Nigerian Oil and Gas Opportunity Fair held virtually.
He listed the proposed projects under the partnerships and as well as the achievements the board had made from the previous edition in 2019.
Wabote said the partnerships included the 5,000 barrels per day Waltersmith Modular Refinery at Ibigwe, Imo State, the establishment of 80 million standard cubic feet per day gas processing plant with the NEDO Gas Processing Company in Kwale, Delta, and a 300 MMscfd Kwale Gas Gathering hub.
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The Senate on Thursday decried the dominance of foreign operators in the employment of personnel in the nation’s diving sector.
The Chairman, Senate Committee on Local Content, Teslim Folarin, made the remark at an investigative hearing on a motion to ensure strict compliance with statutory regulations and provisions of the Nigerian Diving Sector.
The News Agency of Nigeria (NAN) reports that the meeting, which was at the instance of the committee, was designed to investigate claims of contravention of relevant statutory provisions in the area of diving in the oil and gas sector.
Mr Folarin said the Nigerian Oil and Gas Industry Content Development Act 2010, provided that 70 per cent of divers in offshore energy projects must be Nigerians.