Ernest Nwapa, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), said that over $5 billion worth of investments have been made in Nigerian yards since the signing of the Nigerian Content Bill into law by President Goodluck Ebele Jonathan in 2010, especially by member companies of the Petroleum Technology Association of Nigeria, (PETAN) and other firms like Aveon Offshore, Cameron, LADOL, Nigerdock, FMC Technologies, Tenaris, EWT etc while about 40,000 technical jobs were being created per annum
During the unveiling of the vessel, Dr. Ernest Nwapa
, the Executive Secretary of the Nigerian Content Development and Monitoring Board, (NCDMB), described the acquisition as another affirmation that indigenous oil servicing companies have developed capacity to acquire and operate hi-tech assets and could participate in every segment of the oil and gas industry notwithstanding the challenges.
said the emergence of a new breed of Nigerian investors and the quanta of investments they are making have erased any doubts that government and the people of Nigeria were resolute with the implementation of the policy.
According to Nwapa
, real Nigerian Content accomplishment would only come when vessels such as DSV Vinnice are constructed in Nigeria, expressing hope that any other such vessel to be acquired by a Nigerian investor would be outfitted at the Naval Dockyard Lagos and some of the components manufactured in-country.
One of its projects is the Saipem's
new double/quadruple joint plant located in Port Harcourt, Rivers State which was commissioned by Nwapa
According to the Executive Secretary of the Board, the Saipem's
new double/ quadruple joint plant, made towards delivering Saipem's
Nigerian Content scope on the Egina project is an investment worth $60 million.
To him, the plant was worthy of celebration as it confirmed that the Board's strategy to include Capacity Development Initiatives (CDIs) in major projects was working.
said that the CDIs will promote opportunities for training, knowledge and technology acquisition, adding that shop floors were expanding and capacity to execute work in Nigeria had increased substantially.
Alison-Madueke also agreed with Nwapa
that since the inception of NOGICD Act 2010, over $5 billion have been invested in facility upgrade that was largely driven by oil and gas industry needs.