To ensure that the goal of the local content act was met, Engr. Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), has called for cooperation between all stakeholders, including the law enforcement agencies.
Speaking at a law enforcement agency awareness event in Yenagoa, Bayelsa state, he claimed that the percentage of Nigerian content had climbed to 42% from just 5% in 2010, prior to the implementation of the Nigeria Oil and Gas Industry Content Development (NOGICD) Act.
The one-day sensitization workshop attracted participants from all the law enforcement agencies, including the Economic and Financial Crime Commission (EFCC), the Independent Corrupt Practices Commission (ICPC), and the security agencies. Its theme was “Deploying Multi-Institutional Approach to Nigeria Content Enforcement in the Oil and Gas Industry.”
The workshop’s main goal, according to Wabote, was to make sure that NCDMB could include the right parties to support the adoption and enforcement of local content for a better outcome.
The two most crucial tasks, according to him, are to inform stakeholders about what we do, how we do it, and the outcomes we have been able to achieve.
“The second is to also emphasize to them the role they are obliged to play and the part to play when such intervention is needed to help us boost local content enforcement,” the statement continues.
The two important aspects of the training are: “We have custom, EFCC, ICPC, DSS, these are all legal agencies, and they all have a duty to play as we implement the Act.”
Naboth Onyesoh, the head of legal services at the NCDMB, stated in his welcome remarks that it was critical for other organizations involved in economic activity to comprehend the goals of the agencies in order to help assure compliance with pertinent regulations in the oil and gas sector.
It is a national economic plan focused toward employment creation, industrialization, insuring capital retention in the country, and many activities centering around the oil and gas business, he continued. “The concept is that local content is like a tremendous load that no single organization can carry alone.