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NCDMB commits $332m to partnerships, targets $3 7bn in investments

Punch Newspapers Sections Dayo Adenubi Dayo Adenubi Published 26 May 2021 The Nigerian Content Development and Monitoring Board said that it had committed a total of $332m to venture partnerships and targeted $3.7bn in direct investment to the country. The Executive Secretary of the NCDMB, Simbi Wabote, said this at the 2021 edition of the Nigerian Oil and Gas Opportunity Fair held virtually. He listed the proposed projects under the partnerships and as well as the achievements the board had made from the previous edition in 2019. Wabote said the partnerships included the 5,000 barrels per day Waltersmith Modular Refinery at Ibigwe, Imo State, the establishment of 80 million standard cubic feet per day gas processing plant with the NEDO Gas Processing Company in Kwale, Delta, and a 300 MMscfd Kwale Gas Gathering hub.

Breaking News | PEARL Berths Manufacturing Plant To Boost Nigeria s Oil And Gas Sector

Views: Visits 7 oil field and pump jack By Sebastine Obasi Nigeria’s quest for massive indigenous participation in the nation’s oil and gas industry has received  a boost as Pacegate Energy and Resources Limited (PEARL), launched an ultra-modern manufacturing plant where drilling chemicals, water and oil-based production chemicals are formulated and manufactured in Nigeria and made accessible to clients. Located at Ilupeju, Lagos, the plant was said to have been established in a bid to meet the growing needs of the oil and gas and transportation sectors of the Nigerian economy and Africa at large. This has been made possible by PEARL’S partnership with global energy solutions provider, Canadian Energy Solutions (CES).

NCDMB-SBL Partnership ll Drive Enforcement of Local Content for Nigerian Lawyers

The Director, Legal Services, Nigerian Content Development and Monitoring Board (NCDMB), Muhammed Umar, has said that the success of any good law such as the Nigerian Oil and Gas Industry Content (NOGICD) Act cannot be hinged on the elegance of its form or content, but rather the commitment of all stakeholders to make a success of it, in spite of any observed limitations. Speaking during a one-day symposium organised by the Nigerian Bar Association Section on Business Law (NBA-SBL) and NCDMB themed: ‘NOGICD ACT-Strides: Challenges and Opportunities’, Umar disclosed that the engagement with (NBA-SBL) is one of the stakeholder engagement mechanisms geared towards bringing out the activities of the Board, seeking understanding and engaging people on what the Board is doing.

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