NCDMB to Support the Establishment of Two Modular Refineries
The Nigerian Content Development and Monitory Board (NCDMB) said it will support the establishment of at least two more modular refineries in Nigeria by 2019.
The Executive Secretary of NCDMB, Simbi Wabote, revealed the firm’s plans at the 8th Practical Nigerian Content forum in Yenagoa, the Bayelsa State capital. He noted that the 10 year Research & Development roadmap will be launched for implementation.
NCDMB also said it plans to participate in the Liquefied Petroleum Gas (LPG) value chain, drive the infrastructural development of the industrial parks, and finalise the review of Offshore Rig Acquisition Strategy.
Wabote said “we promised to put in place third party monitors to enhance compliance monitoring in the upstream, midstream, and downstream sectors of the industry. I am happy to report that after a very thorough tendering and selection process, we have kicked off the programme tailored along Sections 64 and 65 of the NOGICD Act.
We also commenced the forensic audit of remittances to establish compliance with the provision on Nigerian Content Development Fund”
He said Nigeria has continued to serve as a resource country for the development of Africa Local Content Policy.
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who was represented by the Permanent Secretary of the ministry, Dr. Folashade Yemi-Esan commended the board’s efforts to participate in the gas value chain.
He said “I am aware of ongoing discussions to support the establishment of LPG gas manufacturing plants and LPG depots. I believe the Board will also be a key player in the flares to value scheme being put in place as part of our gas policy.
On our part, we have rolled up our sleeves to put in place and implement frameworks that are beginning to deliver the type of outcomes we desire in our industry.”