Major stakeholders and operators of the Nigerian oil and gas industry have lauded the Executive Secretary of the Nigerian Content Development and Management Board (NCDMB), Engr. Simbi Wabote, for turning around the fortunes of indigenous people in the oil and gas sector of the nation.
They said Wabote achieved the feat through concerted efforts in implementation of local content policy of the Federal Government.
The stakeholders include the Country Director of Shell Petroleum Development Company (SPDC) in Nigeria, Mr Osagie Okunbo; Group Chief Executive of the Nigerian National Petroleum Corporation Limited (NNPCL), Malam Mele Kolo Kyari; and the Chief Executive of the National Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe and, other stakeholders in the industry. Komolafe was represented by the Executive Commissioner, Economic Regulation and Strategic Planning, NUPRC, Dr Kelechi Ofoegbu.
The stakeholders gave the commendation at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF), which took place at the content tower, the NCDMB headquarters, in Yenagoa, capital of Bayelsa State.
In his opening address, Wabote, commended invitees and partnering agencies as well as major players in the oil and gas sector for being part of the event.
He also lauded President Muhammadu Buhari for giving the oil and gas industry the needed support to champion economic and infrastructural development of the nation, by signing the Petroleum Industry Bill (PIB) into law, noting that the oil and gas industry contributes about 48% to the economic and industrial development of the nation.
The NCDMB scribe described the NOGOF as a biennial event which brings investors and critical stakeholders in the oil and gas industry together to brainstorm and to proffer solutions to likely problems in the industry, and opportunities for stakeholders, including partnering agencies and individuals, to network towards the industrialisation of the nation.
He reemphasised the need for greater and more robust synergy, noting that upon the establishment of the NCDMB, the board has been playing pivotal roles in developing the economy through deliberate and legal implementation of the local content act (NOGICD Act) for greater economic expansion and opportunities.
Wabote expressed the optimism that in the near future, the Nigerian oil and gas parks (NOGAPS) in Bayelsa and other states of the Niger Delta would be completed and put to use in furtherance of the economic development and industrialisation of the nation.
“The theme of this year’s NOGOF is ‘Oil and Gas Industry: Catalyst and Fuel for the Industrialisation of Nigeria’’.
“It’s my belief that the oil and gas sector can serve as the catalyst that will enable us to achieve the desired double-digit GDP growth rate, if we’re bold and disruptive in our strategy.
“In the aspect of creating opportunities, the NOGICD Act set the minimum targets in 278 services across oil and gas value chain in schedule.
“One probable means through which double-digit GDP growth can be achieved is by harnessing the array of opportunities that exist in various categories enabled by the oil and gas industry”, the NCDMB’s Executive-Secretary said.
In his speech, the Bayelsa State Governor, Senator Douye Diri, represented by the State Commissioner for Mineral Resources, Dr Ebieri Jones berated the Federal Government for not according oil producing states any significant role to play in the Petroleum Industry Act (PIA).
Diri also frowned at the Federal Government for allocating just 3% from the gains from the oil industries operating in the Niger Delta region to the host communities, while 30% percent of the NNPC annual profit was allocated for exploration in frontier states, noting that it amounts to continuous marginalisation and undermining of the Niger Delta region.
Highpoints of the event was the presentation of awards to stakeholders in the oil and gas Industry, panel discussions by panelists, comprising managers and staff members of the multinationals.
The NCDMB held the 4th edition of the NOGOF last week Wednesday to Friday.

By: Ariwera Ibibo-Howells, Yenagoa