The Minister of State for Petroleum Resources (Oil) and Chairman of the Governing Council of the Nigerian Content Development Monitoring Board (NCDMB) Senator Heineken Lokpobiri, has hailed the Board for empowering local oil and gas operators in Nigeria. He recently said that the NCDMB is currently a business enabler to the oil and gas industry.
Speaking during a two-day retreat organised by the Agency to deepen understanding of statutory responsibilities, corporate governance principles and strategies for enhanced performance, Lokpobiri revealed that the Board has created the right environment for indigenous companies to thrive.
According to him, while there is still room for improvement, there is a clear need for the Council and Management to always act within their statutory limits to foster understanding and trust.
He charged the Management to keep providing information on the activities of the Board, as well as challenges whenever they arise.
The Executive Secretary of the Board, Engr. Felix Omatsola Ogbe appreciated the Chairman and Co-Chairman of the Governing Council and other participants at the Retreat, stressing that the event represents “a unique opportunity for mutual interaction, strategic bonding, and a deeper understanding of the operations, challenges, and aspirations of the Board.”
Omatsola noted that the functions of the Council, which revolve around providing policy direction, approving strategic operational plans, and ensuring effective implementation of the Nigerian Content Policy, are outlined in Section 75 of the NOGICD Act.
He concluded by reiterating the commitment of its members to the vision and mandate of the Board.
Folami David is a dynamic journalist who views the world through an analytical lens, translating complex narratives across multiple industries into compelling stories. With an insatiable appetite for information and a keen eye for emerging trends, Folami specializes in uncovering the interconnections between technology, business, culture, and society.
