The Nigerian Content Development and Monitoring Board (NCDMB), has officially unveiled it’s compliance certificate system in Port Harcourt, Rivers State capital.
This as the Board has reaffirmed it’s commitment to deepening local content through certification, compliance and financial support.
The NCDMB Executive Secretary, Felix Ogbe, restated this at a stakeholders sensitisation and engagement forum, organised in collaboration with the Bank of Industry and the Nigerian Export-Import Bank, in Port Harcourt, Wednesday.
Ogbe announcing the introduction of a new Nigerian Content Fund Clearance Certificate (NCFCC), at the event, described the certificate as a verifiable and transparent instrument that serves as tangible prove of compliance by relating companies.
Represented by the director, Finance and Personnel Management, NCDMB, Mr Osa Uchendu, Ogbe said “Today’s sensitisation programme is an open conversation between us as stakeholders. It provides us an opportunity to listen, to present and address critical issues and present better clarity on the interventions and benefits of the Nigerian Content Intervention Fund”.
He noted that over the years, the NCDMB has remained steadfast in promoting and ensuring that the Nigerian oil and gas intervention funds are taken good care of.
Ogbe stated that for compliance to be ready, it must be practical and mutually beneficial to all participants in the industry. “In line with this, we are introducing the Nigerian Content Fund Clearance Certificate (NCFCC), a verifiable and transparent instrument that serves as tangible prove of compliance by relating companies”.
He explained that the innovation reinforces the board’s commitment to accountability and trust in the implementation of local content across the oil and gas value chain, adding that “Beyond compliance, we also recognize the pivotal role of financing in different local contents”.
Speaking at the event, the executive director, Large Enterprises, Bank of Industry, Dr Ifeoma Uzokpala, said the stakeholders engagement reflects the three organisation’s vision and shared commitment to strengthen Nigeria’s oil and gas value chain.
Uzokpala said: “This stakeholders engagement us important and we realized that it the dialogue will help us deepen our understanding better on how to service the oil and gas industry and make the best of it for Nigeria and the world.
“The gathering reflects our vision and shared commitment to strengthen Nigeria’s oil and gas value chain by not only providing finances, but also deepening engagements with our customers and partners.”
On his part, the head, Specialised Business Development, Nigeria Export-Import Bank, Mohammed Awami, said the event provides a vital platform for dialogue and shared commitment towards advancing Nigeria’s industrial growth and economic diversification agenda.
“This forum represents a vital platform for dialogue and shared commitment towards advancing Nigeria’s industrial growth and economic diversification agenda.
“At NEXIM Bank, we recognize the pivotal role NCDMB chose to play in driving local content development, building indigenous capacities and promoting value addition within Nigeria’s oil and gas sector and linkages to other activities,” Awami said.
Blessing Ibunge
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