Nigeria’s Petroleum Minister says implementation of local content policy has created jobs for Nigerians.
The implementation of the local content policy in the petroleum industry has created 30,000 jobs for Nigerians in the last 30 months, the Minister of Petroleum Resources, Diezani Alison-Madueke, said.
The minister made the statement at a meeting of the Nigerian Content Development and Monitoring Board, NCDMB, in Abuja on Thursday.
In a statement, issued by Obinna Ezeobi, the Public Affairs Officer of NCDMB in Abuja on Tuesday, the minister was quoted as saying “just by insisting on using Nigerians in the industry, we have deepened the local supply chain.”
She said the jobs were generated in the engineering, fabrication, marine transportation, logistics and exploration and production sectors of the oil and gas industry.
Ms. Alison-Madueke expressed optimism that the job growth would be sustained.
“I have no doubt that more jobs will be created in 2013 and we shall achieve greater localisation of industry services, manufacturing and fabrication in 2013,” she said.
The minister said the Nigerian content implementation has increased the level of participation of Nigerians in oil and gas contracts to 87 per cent.
“The board has to a large extent achieved consensus in most aspects of Nigerian Content implementation to the extent that there has been no major dispute amongst stakeholders on interpretation of provisions of the Nigerian Content Law.
“Stakeholders are also responding positively to the need to do things differently in the industry for the benefit of all. This clearly demonstrates that we have been carrying the industry along in the implementation of the Act,” she said.
She gave an assurance that the Federal Government would continue to support the board and its numerous local value addition initiatives, aimed at deepening indigenous participation in the industry.
Ms. Alison-Madueke said the Petroleum Industry Bill currently at the National Assembly when passed into law would go a long way in sustaining the momentum that had been achieved in Nigerian Content.
“The PIB is now in the National Assembly and should provide the needed impetus for additional investments in the industry.
This should be a major benefit for the capacity we are building in the local industry,” she said.
In his remark, the Executive Secretary, NCDMB, Ernest Nwapa, said that the Nigerian Content implementation model was focused on growing and utilising in-country capacity.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...