The Chief Executive Officer, NLNG Ship Management Limited (NSML), Abdulkadir Ahmed has said that the Nigeria Oil and Gas Industry Content Development Act would help Nigeria oil and gas companies to build capacity and domesticate some of its engineering infrastructure if well implemented..
The Seven Nigerian Content Ministerial Regulations was officially gazetted by the Federal Government in April 2021 to grow indigenous capacity of the Nigerian oil and gas industry.
Ahmed who was speaking as one of the panelists at the ongoing 2022 Nigeria Oil and Gas (NOG) Conference in Abuja, on Monday, with focus on the implementation of the NOGIC Act compliance and economic regulation, said some sessions of the Act that ambiguous to the industry should be looked into in order for it (the Act) to achieve desire results.
This year conference is with the theme funding the Nigerian Energy mix for sustainable economic growth.
Earlier, the Nigeria Content Development and Monitoring Board (NCDMB), Executive Secretary (NCDMB), Simbi Kasie Wabote, and the National Commissioner for Insurance, Sunday Thomas had made public presentation and showcase of insurance guidelines to the industry players and exchange of document between the the two parties.