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Africa Local content fund to catalyze research & development and drive local content initiative – (NCDMB) Exc Sec., Wabote – New Business Ethiopia


Poised to take full advantage of emerging opportunities in local content administration, key stakeholders and policy leaders in Africa’s Oil and Gas, and other related sectors, yesterday met in Yenagoa, Bayelsa State, and have unanimously advocated for a new local content strategy for Africa with a focus on adequate regulatory framework, funding, human capacity development and strategic Research and Development (R&D) with effective gaps analysis to positively drive the local content narrative as an imperative for domestication and sustainable growth of Africa’s hydrocarbon resources.
The stakeholders who gathered at the maiden edition of the African Local Content Roundtable in Yenagoa, Bayelsa State on Thursday, June 3, 2021, jointly agreed that funding is critical to driving local content, especially with the negative impact of the COVID-19 pandemic which has had very negative consequences on the economy of most Africa countries. ....

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Fawibe: NCDMB Should Give Priority to Local Firms in NCDF Utilisation


Last month made it 11 years that the Nigerian Oil and Gas industry Content Development (NOGICD) Act was enacted and without doubt, the past 11 years had been a mixed bag. One major player in the local content orbit of the nation’s oil and gas industry, who knows of every corner of the NOGICD room, is Dr. Diran Fawibe, Chairman/Chief Executive Officer, International Energy Services Limited (IESL). A pioneer staff of the Nigerian National Petroleum Corporation (NNPC), Fawibe is one of the early founding fathers of Nigeria’s national oil company. As one of the few, who erected the fundamentals that hold the architecture and superstructure, that is today’s NNPC, Fawibe, who looms large in the local content arena of the oil and gas community, says there are some areas of interventions that deserve more attention; especially concerning access to support fund by the indigenous oil services companies. With over five decades of active service to the industry, Fawibe is a doyen of the ....

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