The appointment of new members to the Board and management team of the Nigerian Content Development and Monitoring Board (NCDMB) by President Bola Tinubu marks a significant milestone in the promotion of local content in the country’s oil and gas sector . The move reflects the President’s commitment to increasing the participation of domestic players in the energy industry, in line with the Local Content Development Act in this sector.
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, was appointed Chairman of the Council, while Engineer Felix Omatsola Ogbe was appointed Executive Secretary. These highly qualified individuals will be supported by other experienced members, such as Oritsemyiwa Eyesan, Executive Vice President of NNPCL Upstream Branch, Gbenga Komolafe, CEO of NUPRC, Bekearedebo Augusta Warrens, Nicolas Odinuwe, Rapheal Samuel, Sadiq Abubakar and Olorundare Sunday Thomas.
This team is expected to work with determination and commitment to achieve the goal set by President Tinubu of achieving 70% local content and participation in the country’s energy industry over the next year. its mandate. This appointment therefore demonstrates the president’s desire to create a favorable environment for local businesses and strengthen their presence in the energy sector.
This decision is an important step in the implementation of the “Renewed Hope” agenda, which aims to promote Nigeria’s economic development and foster job creation for the country’s citizens. By encouraging the participation of national players in the oil and gas industry, President Tinubu is not only contributing to the economic growth of the country, but he is also opening new opportunities for local entrepreneurs and promoting the transfer of skills and knowledge for a more competitive and sustainable industry.
In conclusion, the appointment of new members to the NCDMB Board of Directors and management team is a significant step in efforts to promote local content in Nigeria’s energy industry. This decision demonstrates President Tinubu’s commitment to the country’s economic development and his desire to strengthen the participation of national stakeholders in the oil and gas sector. Through this initiative, Nigeria will potentially maximize the economic benefits of its energy industry while promoting growth and job creation for the country’s citizens.