NCDMB seeks listing of oil coys on Stock Exchange

       …to divest equity in modular refinery

Oil and gas firms like refineries, petrochemical and fertilizer companies as well as those in the Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) value chain would gain immensely from listing their shares on the Nigerian Stock Exchange (NSE), the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote said on Tuesday in Lagos.

He spoke when he visited the Stock Exchange and performed the closing gong ceremony, adding that indigenous operating companies and their service counterparts would also benefit from the corporate governance principles demanded from businesses that float their shares on the Exchange.

Listing on the stock market would also change the operating model of the oil and gas industry and enable the pooling of funds for growth, empowerment and inclusion of Nigerians in the activities of the sector, he remarked.

The Executive Secretary noted that oil and gas companies currently listed on the NSE were majorly downstream players and harped on the need for upstream and midstream concerns to also go public.

He stated further that “we see opportunity to collaborate with the Nigerian Stock Exchange to increase the depth and breadth of listings using our 10-year strategy as a driver. For us in the Board, we have commenced multiple strategic initiatives to bring the roadmap into fruition.”

He also informed that the Board took 30 percent equity in a 5,000 barrels per day modular refinery with other similar proposals under review, the goal being to refine at least 10 percent of Nigerian oil production using modular refineries.

Confirming that the Board had an exit strategy from these investments, Wabote added, “we see opportunity to divest such equity via the Nigerian Stock Exchange so that Nigerians and other investors can be part owners of such enterprises.”

Such partnerships between the Board and the NSE will boost activities in the stock market, increase the listing of Nigerian companies on the stock exchange and foster businesses with enduring legacies, he said.

The Executive Director, Regulations, NSE, Ms. Tinuade Awe represented the Chief Executive Officer, Mr. Oscar Onyema at the event and commended NCDMB for the remarkable achievements it had recorded in the implementation of the Nigerian Content Act in the oil and gas industry. She noted that the Board had built significant human and infrastructural capacity, hence several Nigerian companies and personnel have begun to play leading roles in the operations of the industry.

The Executive Director confirmed that the NSE wanted many indigenous oil producing and service companies to emulate SEPLAT Petroleum in listing on the Exchange. “We want them to know of the many opportunities they stand to gain, such as being able to raise capital among other things.” She noted that the NSE also provides capacity building programmes on access to the capital market, financial literacy, investment opportunities, corporate governance among others.

NCDMB wins Award as Best Media Friendly Organisation

The Nigerian Content Development and Monitoring Board (NCDMB) has won an award as the “Best Media Friendly Organisation in Bayelsa State.”

The award was presented at the 6th edition of the Bayelsa Media Award held in Yenagoa on Saturday and according to the organisers, NCDMB won because of its enduring support to media organisations and practitioners in the state, which includes various capacity building workshops, donation of seats and infrastructure to the Nigerian Union of Journalists (NUJ) Bayelsa chapter, advertising support among others.

The BMA is an annual event organised by Sqilful Konseptz, with the aim of promoting and rewarding excellence in the Media and Entertainment industries in Bayelsa State, encouraging healthy competition among media organizations and contributing to the socio-economic development of the Niger Delta region.

The Supervisor Media & Publicity NCDMB, Mr. Obinna Ezeobi received the award on behalf of the General Manager, Corporate Communications & Zonal Coordination, NCDMB, Dr. G.O Ginah.

In his remarks, Mr. Ezeobi challenged media practitioners in the state to use their reports to attract and promote investments to the state and the Niger Delta region. The media, he added, should practice development journalism and create a positive perception about the region. He also harped on the need for the media to campaign against vandalism of oil infrastructure and engender harmonious relationships between operating companies and host communities.

On why the Board endowed categories in the BMA, the Supervisor Media & Publicity explained that NCDMB wanted to spur healthy competition among Bayelsa based journalists and catalyse improvements in the quality of media practice.

He described the media as key stakeholders to the successful operations in the oil and gas industry and the implementation of the Nigerian Oil and Gas Industry Content Development Act (NOGICD) Act.

More than 20 awards were conferred on winning journalists and organisations. The NCDMB Prize for Oil & Gas Broadcast Reporter of the Year was won by Mr. Ovieteme George of TV Continental. His report titled “Oil exploration and pollution: The Niger Delta situation since 1960” highlighted the impact of the scourge on the nation and oil producing communities, while calling for change.

Mr. Emem Idio of the Vanguard Newspaper also won the NCDMB Prize for Oil & Gas Print Reporter of the Year. His feature story was titled “APOI: Agony of a Bayelsa spill ravaged community” and it narrated the pains of the citizens of the APOI community in Southern Ijaw LGA and how a faction of the community leadership and NAOC have continued to bicker over the remediation of a major oil spillage that occurred in 2017. Both winners received a new laptop each and cash prize.

NCDMB to commercialize top undergraduate engineering projects

The Nigerian Content Development and Monitoring Board (NCDMB) will partner the Council for the Regulation of Engineering in Nigeria (COREN) and the Committee of Deans of Engineering and Technology of Nigerian Universities (CODET) to develop and commercialize the best engineering projects completed by undergraduates in the 2017/2018 academic session.

The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote made the commitment on Tuesday at the 27th Engineering Assembly organised by COREN in Abuja. He spoke after the announcement of the top three individual and group engineering undergraduate projects in the country by the Committee of Deans.

The top three prizes for Best Individual Engineering Projects went to Egbe Gabriel Tobi and Nsionu John Udoka both from Covenant University Ota, Ogun State and Omoseyi Aaron Tolu of the Federal University of Technology Akure (FUTA). Similarly, students of the Federal University Oye-Ekiti, University of Nigeria Nsukka (UNN) and Enugu State University of Science and Technology (ESUT) clinched the top three awards for the Best Group Engineering Projects respectively.

The top three Best Graduating Students in Engineering emerged from the University of Nigeria Nsukka (UNN), Covenant University and Federal University of Technology Akure (FUTA) while the prizes for Best Academic publication went to students of the University of Nigeria Nsukka and Michal Okpara University of Agriculture, Umudike, Abia State.

These competitions involved the 49 COREN accredited universities in Nigeria and the contestants went through departmental and faculty levels, with the top three from each university competing at their various zone before the final selection that was held at the sidelines of the COREN Assembly on Monday.

Announcing the Board’s support to the CODET Awards, which he described as a great initiative, Wabote said, “NCDMB would work with the Committee to reconvene the winners and go through the projects with a view to develop and commercialize them,” adding that “part of our mandate is to enhance research and development. As part of our contribution, we will support them through the development stage of the findings they have put together.”

The Executive Secretary also announced the endowment of annual prizes for the Best Research Publication by any Engineering Undergraduate. He also procured 300 copies of the authoritative book, “Professional Engineering Practice” to be donated to the Universities.

Wabote commended the current COREN leadership, particularly the President, Engr. Kashim Ali for restoring professionalism to the engineering sector and organizing a successful COREN Assembly. He noted that the Board had recorded numerous achievements in the oil and gas industry and would achieve much more if the agency’s mandate were extended to other key sectors like power, Information Communication Technology (ICT) and construction.

NPDC pledges compliance with Nigerian Content guidelines

…says the coy is not keen on waivers

 The Nigerian Petroleum Development Company (NPDC), the production subsidiary of the Nigerian National Petroleum Corporation (NNPC), has promised to comply with the provisions of the Nigerian and Oil and Gas Industry Content Development (NOGICD) Act and other guidelines of the Nigerian Content Development and Monitoring Board (NCDMB).

The Managing Director Mr. Yusuf Matashi made the commitment on Monday in Abuja during a meeting with the Executive Secretary of the NCDMB, Engr. Simbi Kesiye Wabote.He said the company would not be seeking waivers from the Board for its projects, rather it would abide by the provisions of the Act, especially as it relates to carrying out competitive bidding and utilizing Nigerian oil and gas service companies and locally manufactured goods and services.

Matashi assured that the company would approach the Board to obtain Nigerian Content Plan (NCP) approval as required by the NOGICD Act for all its future projects in excess of one million dollars. NCP sets out work scopes that would be executed in-country and guides project execution and monitoring. He promised to direct the company’s personnel on the primacy of Nigerian Content guidelines to project execution.

The Managing Director also solicited the Board’s support to develop and institutionalize Nigerian Content systems and processes within the NPDC to ensure compliance. Part of the support his company would need, he noted includes workshop or training for staff of NPDC on Nigerian Content requirements and processes.

In his comments, the Managing Director of NETCO, Mr. Yakubu Mustapha stated that his subsidiary is a major beneficiary of the Nigerian Content Act. He added that NETCO could not have been able to compete with its international counterparts but for the Nigerian Content Act which has enabled it to grow and build requisite capacity.

In his comments, the Executive Secretary underscored the need for close collaboration between the Board and NPDC. He charged NPDC to be a role model for the industry in terms of Nigerian Content compliance, considering especially that the NNPC played leading roles in the development and enforcement of the Nigerian Content policy and establishment of the NCDMB.

Top management of the Board at the meeting were the Director Planning, Research & Statistics, Mr. Daziba Patrick Obah; Director Monitoring & Evaluation, Mr. Akintunde Adelana and General Manager, Projects Certification and Authorization Division (PCAD), Engr. Paul Zuhumben and Engr. Abayomi Bamidele, Special Technical Adviser to the ES & General Manager Strategy & Special Projects.

The MD of NPDC was accompanied by the Executive Director, Asset Management, Mr. Raifu Oyewole Oyedele while the MD of NETCO was accompanied by the Manager Projects Controls, Mr. Isokariari Soibi.

NCDMB, India to partner on Research & Development

The Nigerian Content Development and Monitoring Board (NCDMB) has begun to partner the Indian Government and its relevant institutions with the goal of leveraging on India’s advancement in Information and Communication Technology (ICT) to develop the Nigerian oil and gas industry’s capabilities for research and innovation.
The Executive Secretary NCDMB, Engr. Simbi Wabote in company with some senior officials of the Board met with the Indian High Commissioner to Nigeria, His Excellency, BN Reddy in Abuja on Thursday and they discussed the Board’s plans to engage the Indian Institute of Technology (IIT), the Indian Chamber of Commerce and a host of other institutions.
The IIT, a leading university in India, has one of the most successful innovation and entrepreneurship eco-system, with over 160 startups over the last six years in various fields, including the oil and gas industry. It also has ongoing relationship with major oil and gas companies including Exxon-Mobil, Shell among others.
Speaking at the meeting, Wabote underscored the trade relations between India and Nigeria especially in the supply of crude oil and Liquefied Natural Gas (LNG). Nigeria supplies 10 percent of India’s crude oil needs.
He stressed that the relationship between the two Commonwealth countries can be deepened in the area of ICT, manufacturing and processing of hydrocarbons.
He explained that the Board is continually looking for ways to push the boundaries of Local Content practice, especially in key sectors of the economy that are linked to the oil and gas industry and have the capacity to create multiplicity of jobs for Nigerians.
He stated that “the way India has grown its technology companies is of interest to the Board and we will like collaborate with your institutions, exchange ideas so we can replicate your achievements in our Research and Development journey.”
The discussion also focused on fostering collaborations between Nigerian manufacturing firms and their Indian counterparts to domesticate the fabrication of modular refineries. The Board also hopes to attract investors from the South Asian country to establish LPG cylinder manufacturing factories in Nigeria and participate in the Nigerian Oil and Gas Parks Scheme (NOGAPS).
In his welcome comments, the High Commissioner noted that India has the highest rate of start-ups in the world and the feat was achieved through a programme called ‘Start-up India. He promised to facilitate the Board’s engagements with the Indian institutions, pointing out that the IIT had trained many Indians and impacted their nation’s economy significantly. He also advised the Board to engage the Indian Chamber of Commerce, which has cluster companies with specialty in ICT and R&D, an area NCDMB is eager to pursue.

Public schools triumph in NCDMB Science Quiz in Bayelsa

Three public schools, Ijaw National Academy, Community Secondary School, Akenfa and Kaiama Grammar School swept the stakes at the 4th edition of science quiz competition for secondary schools in Bayelsa State sponsored by the Nigerian Content Development and Monitoring Board (NCDMB).

The annual contest is themed “Grab a Star: Reach for the sky” and is organised by the Nigerian Television Authority (NTA), Yenagoa. The prize giving day for the winning schools was held on Wednesday in Yenagoa, Bayelsa State.

Delivering the welcome address, the Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote, represented by Supervisor, Media and Publicity, Mr Obinna Ezeobi explained that the Board sponsored the quiz competition with the goal of improving the quality of teaching and learning of science education in state.

According to him, sponsoring the competition was in line with the Board’s mandate of building local capacities in the oil and gas industry. “The competition offers a wonderful opportunity to start early to develop the capabilities of Nigerians who would work in the oil and gas industry in the years to come.”

He highlighted some other support rendered by the Board to the education sector in state to include the donation of two Information Communication Technology centres and presentation of 32 desktop computers, 752 computer textbooks and 752 computer workbooks to the Bayelsa State Post-Primary Schools Board (PPSB).

In his remarks, the Commissioner for Education, Bayelsa State, Hon Jonathan Obuebite hailed the Board for its contributions to the development of education in the state and continuous sponsorship of the quiz competition. He attributed the success of the public schools in the science quiz competition to the state government’s effort at improving the sector. In his words, “the government has invested massively in infrastructural and facility upgrade of schools and that had ensured that Bayelsa State students are excelling in competitions and examinations which was not the case few years ago.”

Also speaking, the Commissioner for Science, Technology and Manpower Development, Chief Blessing Izagara advised that the competition should focus on the application of science and technology to the improvement of the society rather than asking students to recall scientific facts and dates. Such shift in emphasis he said, would propel the students to develop the zeal and mind-set to innovate things that would improve their generation.

The General Manger, NTA Yenagoa, Barr. Emeka Okpala thanked the Board for its continued sponsorship of the quiz competition and pledged the station’s readiness to deepen collaboration with the Board and publicise all its activities.

NCDMB, Dangote Refinery set up joint committee on Nigerian Content

The Nigerian Content Development and Monitoring Board (NCDMB) and the Dangote Petroleum Refinery have inaugurated a joint committee that would develop a framework for the implementation of Nigerian Content in the development of the 650,000 barrels per day Dangote Refinery project.

The committee was inaugurated in Lagos recently, with four members drawn from each organisation.

The Executive Secretary, NCDMB, Engr. Simbi Wabote was represented at the event by the Director, Planning, Research and Development, NCDMB, Mr. Daziba Patrick Obah and he stated that the committee would ensure that investments by the Dangote Group in the oil and gas industry complied substantially with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. He said the success of the refinery project would impact positively on Nigerians and the nation’s economy as well as create about 235,000 direct and indirect jobs.

 

Obah added that “we cannot over emphasize the importance of this collaboration which we believe will bring Dangote and NCDMB closer towards achieving our respective mandates and results with even better impact on Nigerians and the Nigerian economy from oil and gas operations, projects and activities.”

He charged the committee to institute modalities for the submission and review of statutory reports and conducting performance review sessions, project assessments and verification visits. He however stressed that strategies that would be put in place to implement Nigerian Content in the Refinery Project must not hamper the speed of project execution.

In his comments, Director, Monitoring and Evaluation, NCDMB, Mr. Akintunde Adelana explained that the joint committee was not a corrective measure, rather was aimed at helping the two parties foster alliances and achieve a common goal.

The Chief Operating Officer, Dangote Refinery, Mr. Giuseppe Surace pledged the company’s commitment to complying with the NOGICD Act. He stated further that the company would maximize Nigerian Content in all its operations, including Engineering, Construction, Logistics and Employment.

Osibanjo, Wabote woo US investors for Nigerian Oil and Gas

The Vice President, Prof Yemi Osibanjo and the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote and other top Federal Government officials were at the Silicon Valley, California, USA on Monday to canvass for foreign direct investment in the Nigeria to over 25 key international players in the Information Communication Technology (ICT) industry.

The main objective of the visit was to promote the ample investment opportunities in the country’s key sectors like ICT, Oil and Gas, Power, Agriculture, Solid Minerals etc. The delegation also highlighted Nigeria’s market size, entrepreneurial spirit, vibrant young demography, fiscal incentives for pioneer investments.

Wabote was invited on the trip to expatiate on the NCDMB’s strategies to deepen collaborations and sectorial linkages between the Oil and Gas Industry and the ICT sector.

The Executive Secretary used the opportunity to discuss with top fund managers, sister agencies and the founders of the start-up companies on the Board’s focus areas in Research and Development and support for companies domiciled in Nigeria. The Board has developed a pathway for developing research and development capabilities in the Nigerian Oil and Gas Industry and is partnering with various local and international stakeholders on the initiatives it is pursuing in this regard.

About Nigerian 11 start-up companies in innovation and technology had the opportunity to make presentations to the foreign investors on their business models and the support they require. The presentations covered the application of technology and innovation to address challenges in logistics, procurement, healthcare, financial services and insurance.

The Vice President thanked the investors for honoring the invitation and the Nigerian delegation for the efforts put into planning the event to make it a resounding success. The delegation also visited the offices of Google and Linkedin in the Silicon Valley.

Other key officials in the Nigerian delegation included the Hon Minister of Industries, Trade and Investment and the heads of Bank of Industry (BOI), Nigerian Investment Promotion Commission (NIPC), Nigerian Export Promotion Council (NEPC), Nigerian Film Corporation (NFC), and Nigerian Information Technology Development Agency (NITDA).

Debyl Ltd opens service centre in Port Harcourt

Debyl Limited, an indigenous service company has opened a state of the art valve and compressor products service center in Port Harcourt, Rivers State, in a ceremony witnessed by senior officials of the Nigerian Content Development and Monitoring Board (NCDMB) and the Port Harcourt Refining Company (PHRC).
The service center will help meet the demands of the local market for an ultra-modern machine shop for the refurbishment of compressor valves, calibration, test system for bolting tools and fabrication and machining works. The centre will also be used for onsite machining practical training, bolted joint integrity rig for practical training on flanges, hydraulic torque tightening and tensioning among other services.
Debyl Limited in partnership with an original equipment manufacturer, Hydratight and Compressor Products International (CPI), provides technical solutions and support services to oil and gas and industrial companies in Nigeria.
In his comments at the event, the Manager, Projects Certification and Authorization Division (PCAD), NCDMB, Engr. Frank Ibi, who represented the Executive Secretary, Engr. Simbi Wabote congratulated Debyl Limited on its achievement and underscored that Nigerian Content is geared to promote domiciliation of value-adding activities and utilization of Nigerian human and material resources. He added that the Board will continue to push for patronage of Nigerian goods and services and local fabrication yards.
He assured that the Board will support investments by local companies which seek to create jobs, increase in-country manufacturing capacities and value retention. He also encouraged local suppliers and service providers to always meet international standards and invest in Nigeria.
Managing Director, Debyl Limited, Mr. Olufemi Joseph Adeyanju explained that the establishment of the service center was in line with the implementation of the Nigerian Content Policy and appealed for patronage from stakeholders.
The Managing Director, Port Harcourt Refining Company, (PHRC) Engr. Malami Shehu commissioned the facility and declared it open for use by stakeholders of the industry.

NCDMB wins 1st Dr Alirio Parra Award at NOG 2018

…signs MoU with CWC on PNC Workshop

The Nigerian Content Development and Monitoring Board (NCDMB) has been conferred with the first 1st Dr Alirio Parra Award for Outstanding Contributions to the Nigerian Oil and Gas Industry.
The award was presented to the Executive Secretary, NCDMB, Engr. Simbi Wabote at the gala dinner held on Wednesday in Abuja to mark the end of the 2018 Nigerian Oil and Gas Conference and International Exhibition.
Total Exploration and Production Company was also recognized for its sterling contributions to the growth of Local Content through the execution of the Egina deepwater project.
CWC and Levmora Services, organizers of the NOG conference said NCDMB was chosen for the Dr Alirio Parra Award for being the most outstanding federal agency in the Nigerian oil and gas industry. The Board was also feted as very innovative, introducing several initiatives that are geared to improve the operations of the sector and develop the Nigerian economy.
Late Dr Alirio Parra, former Minister of Energy and Mines, Venezuela and Senior Advisor, CWC Group Limited died on March 9, 2018, aged 90.
He also served as President of the Organisation of Petroleum Exporting Countries (OPEC) Conference and was involved with many professional activities in the international oil and gas sector. He had insightful knowledge of the Nigerian oil and gas industry, had been visiting Nigeria for over 40 years and delivered addresses at annual NOG events.
In a similar vein, the NCDMB has signed a Memorandum of Understanding (MoU) with the CWC on the organisation of the Practical Nigerian Content (PNC) Workshop and Exhibition. Engr. Wabote signed on behalf of the NCDMB on Monday at the first day of the NOG Conference while the Vice President, Production, CWC, Ms. Wemimo Oyelana signed on behalf of the company.
The Executive Secretary explained that the MoU is for five years and revenues generated from hosting the annual event would be shared between the Board and CWC. He also stated that CWC was working to be incorporated in Nigeria.
The PNC Workshop was conceived by CWC and it organised the first edition in Port Harcourt, Rivers State, in 2011. Subsequent editions were held in collaboration with the NCDMB, in Yenagoa, Bayelsa State between 2012 and 2015. The event was moved to Abuja in 2016 and Uyo, Akwa Ibom State in 2017. The 2018 edition will be held at the Board’s new headquarters building, which is being completed in Yenagoa, Bayelsa State.