NNPC restates commitment to local content

NNPC restates commitment to local content

The Nigerian National Petroleum Corporation has reiterated its commitment to comply with the nation’s local content laws so as to further strengthen in-country value addition in the oil and gas industry. Group Managing Director of the Corporation, Dr. Maikanti Kacalla Baru disclosed this while speaking at the 2016 Oil Industry Achievement Awards & Dinner organized by the Petroleum Technology Association of Nigeria (PETAN) in Lagos, on Thursday.

Speaking on the theme “Local Content Compliance in an Extended Low Oil Price Environment,” Dr. Baru observed that over the years, NNPC has been at the forefront of championing local content even before the enactment of the Local Act in 2010.

“In our determination to maximize participation of Nigerians in our projects and domicile project activities in-country, we in the NNPC have been implementing the Nigerian Content Policy as enshrined in the Nigerian Oil and Gas Industry Content Development [NOGICD] Act even before the enactment of the act in 2010,”

“That was why we called for a fresh approach to domesticating oil and gas industry spend through the establishment of the Nigerian Content Division (NCD) with the aim of implementing key national content initiatives,” he added.

Some of these key local content initiatives, include the promotion of local manufacturing of steel plates and pipes as well as the development of engineering design expertise among Nigerian engineers.

“Nigeria needs to claw back most fabrication work and other services in the industry from foreign yards – thereby increasing the contribution of the industry to the nation’s GDP. It is our goal to achieve much more,” Dr. Baru further noted.

Source / More: Nigerian National Petroleum Corporation

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