…appoints Nwapa Ag. Sec of content board
Â ABUJAâ€”The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke has promised to implement the Nigerian Content Development Act.
Â Alison-Madueke who made this commitment at the unveiling of the â€œAct to provide for the Development of Nigerian Content in the Oil and Gas industryâ€ which yesterday, stated that the administration was determined to make the huge investment in the oil and gas industry to impact positively on the economy and the lives of Nigerians through the new law.
Â â€œWe are determined to get this right and to make it work. That is why the Bill was signed into law only a few days after it was presented to me to enable us go to work expeditiously,â€ she said.
Â She also promised to adopt the same collaborative approach used in getting the Nigerian Content Development Bill passed into law to pursue the Petroleum Industry Bill to a logical and satisfactory conclusion, adding that â€œIf anyone was in doubt about the resolve of this administration to respond speedily to the aspirations of our people, the expeditious assent to the bill by the Acting President should send a clear signal that this administration is about serious business, speed and efficacy.â€
The Minister demonstrated her eagerness to start enforcing the law by appointing Engr. Ernest Nwapa, the Group General Manager, Nigerian Content Division of the NNPC as the Acting Executive Secretary of the newly created Nigerian Content Development and Monitoring Board which the Act provides for as the agency to drive its implementation.
Â Alison-Madueke lamented that before now the impact of the over $18 billion spent annually in the oil and gas industry was not felt in the Nigerian economy because most of it was transferred to other countries to import materials and services for the industry because of the absence of a law to force the International Oil Companies, IOCs, and other players in the industry to source materials and services locally.
â€œWith the Act now in place, operators and service companies providing services to the Nigerian Oil and Gas industry will finally be required â€˜by lawâ€™ to perform designated scopes of work set out within the Act in Nigeria,â€ she declared.