IPMAN tasks indigenous coys on building local capacity in oil, gas industry

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Lagos – Independent Petroleum Marketers Nigeria (IPMAN) Tuesday urged indigenous companies emphasise the developement local content and human capital.

Mr Chinedu Okoronkwo, IPMAN National President, made the appeal in a telephone interview the News Agency Nigeria (NAN) in Lagos.

Okoronkwo said that building human and material capacity would curtail and human capital flight.

“If all the petroleum products consumed in the country are locally refined, the country save costs, conserve needed , eliminate the probability of fraud in subsidy payment and
generate additional from the export of refined petroleum products.[pro_ad_display_adzone id=”10″]

“Similarly, huge gas deposits, Nigeria has been endowed by nature generate sufficient electricity.

“I acknowledge that some reforms are currently ongoing in this sector. However, government demonstrate the political drive the process a logical conclusion for the benefit of the country.

“For too long, we have held onto the notion in this country that cannot do .

“This notion has weighed us down as a nation and in times of an international crisis of the nature that we are battling now, we simply resign to fate and watch what is happening abroad and pray for some kind of miracle.”

He said government and should borrow a leaf from counties like ,
Singapore, Indonesia and South Korea that deeply believe in their capacity.

According to him, increased local capability increase Nigeria’ competitiveness in the international market and higher Nigerian competitiveness will continue to lead to the well-being of Nigerian citizens.

IPMAN boss also commended the Federal Government for the wisdom and the political will to enact the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.

He said that the law had created the platform for and indigenous companies to take their places in the Nigerian oil and gas industry.

Okoronkwo urged the government to empower the agencies charged with the responsibility of monitoring compliance with the law in order to ensure its implementation.

NAN reports that the Nigerian Content Development and Monitoring Board (NCDMB) was established by following the signing into law of the NOGIC Act   April 22, 2010.

Some of the responsibilities of the board include increasing indigenous participation in the oil and gas industry and building of  local capacity and competencies.

Its mandate also cover creating linkages to other sectors of the national economy and boosting industry contributions to the growth of the nation’ National Gross Domestic Product (NAN)