By Udeme Akpan

THE Nigerian Content Development and Monitoring Board, NCDMB, and the Oil Producers Trade Section, OPTS, the umbrella body of major international and indigenous operating oil companies, on Wednesday in Lagos, signed a Service Level Agreement, SLA, aimed at shortening the often protracted industry contracting cycle.

The SLA commits the 28-member OPTS companies to comply with the provisions of the Nigerian Oil and Gas Industry Content Development, NOGICD, Act essentially to submit to the NCDMB documents like their Quarterly Job Forecasts, Nigerian Content Plans, Bidders Lists, Nigerian Content Evaluation Criteria, Nigerian Content Technical Bids, among other relevant information in relation to industry contracting and procurement cycles.