The Nigerian Content Development and Monitoring Board (NCDMB), has announced plans to host the maiden edition of the African Local Content roundtable in Yenagoa, Bayelsa State.
In a statement released on tuesday to journalists, it disclosed that the two-day event will hold at the NCDMB towers, from June 3, to June 4 2021.
According to the statement, the roundtable is to institutionalise peer review mechanism among African oil-producing countries on local content as a key development imperative for domestication and sustainable growth of Africa’s hydrocarbon resources.
It noted that over the years, critical stakeholders in the oil and gas sector in Africa have been fascinated by the huge impact and achievements of Nigeria in the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and the development of its hydrocarbon resources.
The organizers noted further that African countries such as Uganda, Ghana, Niger Republic, Congo have at various times undertook a study tour to institutions in Nigeria, to understand the Nigerian Content delivery model, with some of the countries signing their own local content laws or policies based on insights gotten from Nigeria.
“The proposed annual African Local Content Roundtable will herald the creation of a structured engagement platform among African countries to discuss local content and sustainability in hydrocarbon development.
“Promote the conversation among policymakers on the role of local content as a key economic development imperative for African oil-producing countries, lay a solid foundation for the design of an African local content programme, and share data on capacities that exist around skills, infrastructure, facilities, assets and funding for exploration, field development and production activities”.
Some of those expected at the event will include the chairperson of the African Union Commission, the secretary-general of the Africa Continental Free Trade Agreement, heads of Africa Development Organisations, policy leaders in the oil and gas sector, government, development agencies, and related sectors connected to the industry.