On the heels of remarkable discovery and exploration of oil and gas resources across several countries in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday proffered strategies that would enable those nations to institute sustainable Local Content practices, achieve in-country value addition,and benefit maximally from the exploitation of their hydrocarbon resources.
The Executive Secretary NCDMB, Mr Simbi Kesiye Wabote, an engineer, offered the suggestions at the two-day Namibia Oil and Gas Conference in Windhoek, Namibia. He hinted that Africa currently accounts for about 12% of annual global oil production, but only consumes less than four per cent of the global production, describing the situation as potential opportunities in production, processing and utilization of oil and gaswithin the continent for improvement in the standard of living.
Speaking as the preeminent local content advocate in Africa, the NCDMB boss gave an overview of…
