FG approves 7 ministerial regulations on Nigerian Content

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SEVEN Nigerian Content Ministerial Regulations have been approved and gazetted, making them subsidiary legislations can be implemented by the Nigerian Content and Board, NCDMB.

Simbi Kesiye Wabote, executive secretary of the NCDMB, announced this in on Wednesday at the colloquium organized by the Board with the Nigerian Bar Association’s Section on Business , -SBL, with the theme “Nigerian Industry Content , NOGICD, Act-Strides, Challenges & .”

Mohammed Umar, executive secretary, who was represented by the , Legal Services, stated Timipre Sylva, minister of State for Petroleum Resources, approved the guidelines, and they became effective on 2nd April, 2021.

He listed the guidelines to include & , (R & D); Training, Capacity ; Growth of Indigenous Capacity and Nigerian Industry Enforcement and Compliance Regulation.

Others include Registration of Operators and professionals with Nigerian professional bodies, Technology Transfer and Establishment of operations in Nigeria.

Sections 36, 40, 41, 42, 47, 55 and 101 of the NOGICD Act empowers the Minister of Petroleum Resources to make regulations will foster the development of Nigerian Content. The Board held several engagements with diverse spectrum of the industry stakeholders before finalizing the regulations and transmitting it to the minister for ratification.

Providing details on the Nigerian Oil and Industry Content Development Compliance and Enforcement Regulation, the executive secretary explained that it was intended to ensure compliance with the NOGICD Act and Regulations and give effect to Section 68 of the Act in ensuring efficient and accountable promotion of local content in the diverse sectors of the Oil and Gas Industry in Nigeria.

He stated that the regulations had divided offences punishable under Section 68 of the Act into two categories. The first category are the major offences which can lead to criminal while the offences would be treated with administrative sanctions.

Also, he stated that “As we journey towards the 70 percent Nigerian Content level target, we will continue to utilize industry platforms and fora like this to connect with our stakeholders to provide clarity on our mandate and ways to address any constraints of the industry”, assuring that the Board will continue to collaborate with the Section on Business to drive and unleash an array of for the oil and gas industry.

He added that “In our pursuit of Nigerian Content, the Board will continue implementation of the 10-Year Strategic Roadmap; Foster relevant collaboration and strategic alliances with relevant stakeholders including sister agencies; Deepen Nigerian Content in the oil and gas industry and continue to advocate and domiciliation of value-addition in country”.

He commended encouraged of the bar to advantage of various in the oil and gas industry.

Also, Ayuli Jemide, chairman, Nigerian Bar Association – Section on Business , appreciated the Board for the collaboration and in engaging the association to deepen the pace of Nigerian Content implementation in Nigeria.