NCDMB to Host Roundtable on Local African Content in Bayelsa
By Makinde Oluwarotimi, Abuja
The Nigerian Content Monitoring and Development Council (NCDMB) is set to host the first edition of the African Roundtable on Local Content.
The first edition of the African Local Content Roundtable, to be held in Yenagoa, the capital of Bayelsa State, on June 3-4, 2021, will host several dignitaries and politicians from oil and gas, government , development agencies, and related sectors related to the oil and gas sector.
According to the organizers, the goal of the Pan-African engagement is to institutionalize the peer review mechanism among African oil-producing countries on local content, as a key development imperative for domestication and growth. sustainability of Africa’s hydrocarbon resources.
In a statement signed by NCDMB Executive Secretary Engr Simbi Wabote and made available to LEADERSHIP on Tuesday, organizers noted that over the years critical stakeholders in Africa’s oil and gas sector have been fascinated by remarkable impact and achievements. Nigeria in the implementation of the Nigerian Oil and Gas Industry Content Development Act (NOGICD) and the development of its hydrocarbon resources, which are anchored on the philosophy of adding value in the country .
“African countries such as Uganda, Ghana, the Republic of Niger and Congo have, on several occasions, undertaken a study tour to Nigerian institutions, to understand the Nigerian content delivery model, with some countries signing up to their own local content laws or policies based on Nigeria’s ideas.
“The Charter of the African Organization of Petroleum Producers (APPO) on bilateral cooperation among African oil-producing countries is also a bold step to galvanize African countries towards regional cooperation in the area of capacity and capacity development. to provide oil and gas services on the continent. “
As a result, according to the statement, 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.
Some of the roundtable’s objectives, which are to be achieved, will be to: “Promote dialogue among decision-makers 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 a local African content program and share data on the capacities that exist around skills, infrastructure, facilities, assets and funding for exploration, field development and production activities. “
Some of the topical issues for discussion at the event will include deliberations on: the impact of local content policy on value creation in the case study of the African continent of Nigeria.
This means that the event will be able to examine the impact of local content policies on local supply chain development, job creation, sector linkages, and also assess the role of content. local in building the capacity of the African regional economy in the context of the African Union Charter on Economic Integration.
It will also assess regulatory models for governance, financing, monitoring and evaluation of local content implementation in selected economies.
Other fundamental objectives will include an “opportunity to create an enabling framework for African oil-producing countries to adopt local content requirements in their hydrocarbon development policy; strengthen sustainable economic and social development in Africa.
“In addition, the analysis of the role of information and data sharing in building capacity and trade links among African oil-producing countries under the Agreement on the African Continental Free Trade Area and a scheduled tour of flagship projects launched by the NCDMB will be part of the program. . “
Participation is expected to come from several countries, with two participants each from member countries of the Organization of African Petroleum Producers (APPO).
“In addition, there will be one representative each from the African Union (AU), the United Nations Conference on Trade and Development (UNCTAD), the African Continental Free Trade Area (AfCFTA), the United Nations Economic Community of West African States (Ecowas), African Development Bank (ADB) and United Nations Industrial Development Organization (UNIDO).
The date of the two-day event, which will be held at the Magnificent NCBMB Towers, Yenagoa, Bayelsa State, has been strategically chosen near the Nigeria International Petroleum Summit (NIPS 2021) to handle the logistics of the participants who will attend NIPS 2021 from from June 6 to 10, 2021.
Among the expected guests are the President of the African Union Commission, the Secretary General of the African Continental Free Trade Agreement (SG, AfCFTA) and heads of African development organizations.
The roundtable is sponsored by NCDMB and APPO, with Heritage Times as event managers.