18 Nigerian firms qualify for manufacturing of oil & gas equipment – Daily Trust

The Nigerian Content Development and Monitoring Board (NCDMB), has stated 18 indigenous firms have met the required standards for the nation manufacturing of oil and gas equipment, out of the recognized 60 indigenous firms that have been recognized from the evaluation.

The NCDMB in collaboration with oil and gas stakeholders, lately initiated steps to implement suggestions from an industry-wide research on in-country manufacturing of key parts.

The board disclosed this throughout a stakeholders’ assembly yesterday in Port Harcourt, Rivers State, to outline sensible methods for implementing the report, geared toward increasing native manufacturing capability, empowering indigenous enterprises, and decreasing reliance on imported parts.

Daily Trust gathered that on July 7, 2022, the NCDMB commissioned a various oil {industry} group to develop a method for in-country manufacturing of pumps, valves, flanges, gaskets, bolts and nuts, metering options, and instrument fittings, and the group submitted its report on July 12, 2023.

The research was initiated after native manufacturing of these parts was recognized as important to advancing Nigerian content material, given their vital position in sustaining oil and gas manufacturing uptime and their substantial share of each working and capital expenditures.

Speaking in the course of the stakeholders assembly, Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, underscored the board’s drive to deepen native capability, promote industrialisation, and maximise worth retention within the Nigerian oil and gas {industry}.

Represented by the General Manager, Institutional Development, Capacity Building Directorate of the board, Mr. Olugbenga Sheba, Engr. Ogbe, emphasised that growing the capability to fabricate important {industry} parts inside the nation would strengthen indigenous enterprises, enhance technical competence, and place Nigerian firms to take part extra successfully within the provide chains of main oil and gas initiatives.

He cited the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, which gives for first consideration of Nigerian items and providers, reinforcing the statutory foundation for selling indigenous participation and native manufacturing.

According to him, the board stays dedicated to making sure that the implementation of the research report’s suggestions is guided by the provisions of the Act and creates better alternatives for certified Nigerian firms to thrive.

“Today’s rollout is not an isolated initiative; it is an integral pillar of our NCDMB 10-Year Strategic Roadmap, which targets achieving 70% Nigerian Content by 2027,” he said.

He defined that the implementation of the research report would instantly advance the technical functionality improvement pillar of the Board’s 10-Year Strategic Roadmap by addressing recognized expertise gaps, technological deficiencies, and limitations in native manufacturing capability.

He additional outlined key areas of focus for the implementation course of, together with infrastructure growth, structured capacity-building initiatives, improved entry to capital and strategic partnerships, in addition to efficient monitoring, compliance, and enforcement.

He urged stakeholders to reveal robust dedication to the implementation course of, stressing that collaboration among the many Board, indigenous producers, operators, service firms, monetary establishments, and different {industry} gamers could be important to reaching sustainable outcomes.

In his presentation, Assistant Manager Institutional Strengthening of the Capacity Building Directorate, Mr. Nander Salmwang, disclosed that roughly 60 indigenous firms had been recognized within the evaluation, of which solely 18 met the required standards. 

Similarly, Manager, Nigerian Content Development Fund (NCDF), Mr. Emmanuel Yusuf introduced funding alternatives obtainable by way of the NCDF, explaining the relevance of monetary assist to indigenous firms and group contractors looking for to strengthen their operations and take part extra actively within the {industry}’s provide chain.

The assembly additionally highlighted the relevance of the Nigerian Oil and Gas Park Scheme (NOGaPS) in supporting the event of native manufacturing infrastructure and capabilities.

Other displays and discussions offered a platform for stakeholders to look at current alternatives, determine implementation challenges, and discover sensible approaches to bettering indigenous participation within the manufacturing of important oil and gas equipment and parts.