Simbi Wabote, executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB) has said it will create 300,000 direct jobs in the oil and gas industry by 2027.
Wabote, who made this known during a media parley on Friday, said the agency also intended to increase local content to 70 percent in the next five years.
Highlighting the achievements of the NCDMB since its establishment, he said the country has moved from near zero participation in the oil and gas sector to the point that “our indigenous operators such as SEPLAT, AITEO, EROTON, and others are now responsible for 15% of our oil production and 60% of our domestic gas supply”.
According to him: “Now that Nigeria has a well-established local content in the oil and gas industry such that other nations are even coming to learn from us, we need to now extend it to other sectors of the economy to further drive our National Development growth trajectory,”
ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!
Also Read: Telcos Lost 12.3m Internet subscribers in 2021; NBS
“It is important to state here that our plan in NCDMB is that by 2027, we will ensure 70% Nigerian Content; creation of 300, 000 direct jobs; retention of USD$13Bn of the estimated USD$20Bn spend in the oil and gas industry; ensure the domiciliation of major fabrication yards and manufacturing hubs in-country. These are no mean targets we have set for ourselves.
“However, we are confident of hitting these targets, if not surpassing them, because of the can-do spirit of the Nigerian people.”
