THE Minister of State for Petroleum Resources , Senator Heineken Lokpobiri, has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development Act 2010 as one of the key levers for actualizing the Renewed Hope Agenda of President Bola Tinubu’s administration.
He noted that lack of access to affordable finance is one of the biggest challenges facing emerging players in the oil and gas sector, hinting that the NCI Fund which is administered by the Bank of Industry will assist qualified oil and gas companies to access the capital they need to grow, build capacities, and create jobs.
According to him, “Mr. President will do whatever he can to ensure that we achieve a lot more than had been achieved in the past from Nigerian Content. We are happy that Nigerian Content has made very strategic investments geared towards creating jobs. We need to redouble the achievements of the Board. We hope that NCDMB will help Nigerians to play a lot more prominent role in the oil and gas industry.
Lokpobiri further extolled the Board for constructing and maintaining the iconic 17-storey Nigerian Content Tower and the 1000-capacity NCDMB Conference Hall. He indicated that the aesthetics and ambiance of the facilities surpassed most locations across the world and called for the sustenance of the culture.
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