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Presidential orders on oil sector did not weaken NOGICD Act -NCDMB
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Daily Review Online – Nigeria and World News
Spread the loveBy Our ReporterThe three Executive Orders issued by President Bola Ahmed Tinubu on the Oil and Gas Industry in March 2024 did not erode the relevance of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act on the operations of the oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB) has said.
“The Special Adviser to the President on Energy had to clarify that the Presidential Directives did not set aside local content.
Bamidele noted that local content and capacity building strategies must be country-specific, and policy makers must understand the mindset and skillsets of their nationals.
He further advised that local content policies and capacity building models must be relevant and applicable to the host country’s technological, educational and manpower capacities.
Speaking further Ajimijaye highlighted the importance of robust research and development initiatives to achieving sustainable local content development.