NCDMB Tasks Indigenous Oil Operators on Compliance with Nigerian Content Act

Ololade Adeyanju/

The Nigerian Content Development and Monitoring Board (NCDMB) has urged indigenous oil operators to comply with the Nigerian Content Act to make the industry robust for all stakeholders.

The Executive Secretary (ES), Engr. Simbi Wabote, gave this charge at a breakfast meeting with members of Guild of Corporate Online Publishers (GOCOP) in Abuja, Tuesday.

Wabote lamented the increasing number of the indigenous operators who seemed to be working at cross purposes with the board’s Act by non-compliance.

According to Wabote, the NCDMB Act enables the board to protect indigenous producers especially in the oil and gas sector.

He decried the current state of indigenous producers lack of compliance, describing it as an act of sabotage.

“We fought for you but you now sabotage the oil economy,” he said, urging those harbouring a sense of entitlement to desist.

He added that the indigenous operators tried to save costs and care for profit more than national interest.

“They want to be exempted from the Law Content Act. We have made it clear that the law is for all,” he said.

Wabote said that it was wrong for a local contractor to win a job and employ 90 per cent expatriate experts, thereby causing job loss to Nigerians.”

He also accused them of project execution without getting approval and non-registration of their foreign workers in the expatriate ledger.

“They find it difficult to pay the one per cent levy stipulated by the Act. That is why the EFCC (Economic and Financial Crimes Commission) is now after some of them,” he said.

The ES added that Nigeria had moved from three per cent local content value in the oil industry to 54 per cent.

He warned that if indigenous operators failed to arrest the growth path by capturing the regulatory system, Nigeria might hit the 70 per cent target.

Wabote encouraged indigenous oil producers to comply with the board Act in their own interest and that of the nation.

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