The Nigerian Content Development and Monitoring Board (NCDMB) has insisted that international Oil Companies (IOCs) must patronize local firms in the execution of their projects, in line with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
According to a statement issued on Tuesday, the assertion was made by the Board’s Executive Secretary, Engr. Felix Omatsola Ogbe, when he visited the facilities of Samsung Heavy Industries Nigeria (SHIN) and Africoat Nigeria Limited in Lagos.
Ogbe said the Board is committed to ensuring that major projects in the oil and gas industry such as the Ubeta gas development by TotalEnergies and the Bonga North deep-water project, led by Shell Nigeria Exploration and Production Company Limited (SNEPCo), involve the participation of local firms.