The Nigerian Content Development and Monitoring Board (NCDMB) celebrated the 10th anniversary of the annual Practical Nigerian Content conference (PNC) which took place from 29th November to 2nd December 2021 in Yenagoa, Bayelsa State.
The theme of the conference was “Driving Nigerian Content in the new dawn of the Petroleum Industry Act”.
The conference was declared open by His Excellency, Douye Diri, Executive Governor, Bayelsa State which was preceded by a keynote address from Engr. Simbi Wabote, Executive Secretary, NCDMB. The conference also featured various panel discussions which featured notable Speakers and Stakeholders in the Oil & Gas industry.
In a similar vein, the MD GACN participated in the panel discussion on “Harnessing Local Content opportunities for indigenous companies in Nigeria’s Decade of Gas”
During the earlier mentioned panel discussion, the GED Gas and Power NNPC, Mallam Abdulkabir Ahmed enumerated several steps to ensure optimization of opportunities in the Gas sector as well as growth of the Sector. The MD, GACN Mr Olalekan Ogunleye traced the growth trajectory to the National Gas Supply and Pricing Regulation, 2008. He noted that the Regulation targets to drive gas commercialization within the domestic market, in the pursuit of national economic growth. He also stated that indeed this was the perfect time for the business community to invest in Gas development given the prioritization of Gas for economic growth by the FGN, MPR, NNPC & NCDMB etc. He concluded that the Federal Government and NNPC have provided the enabling environment for any type of Gas investment, whether large or small and the commerciality of such opportunities will unlock financing.