NCDMB to strengthen local content with development fund for 100 firms

The Nigerian Content Development and Monitoring Board (NCDMB) has said it will soon unveil a programme aimed at supporting no fewer than 100 indigenous companies in the oil and gas industry with funding from the Nigerian Content Development Fund as well as getting jobs for them.

This came as the board commended multinational oil giant, ExxonMobil, for encouraging and building a Nigerian company, Global Process and Pipelines Services Limited (GPPS), into a world-class player in the oil and gas industry. NCDMB Executive Secretary, Mr. Simbi Wabote, spoke in Port Harcourt, the Rivers State capital at the inauguration of GPPS headquarters and operational base.

Wabote said: “The NCDMB in conjunction with the Minister of State for Petroleum has started a programme we call Project 100. I know some of you may have received the mail from NCDMB’s team working on Project 100, perhaps to identify your capacity.”

“The whole idea, which in the next couple of weeks will be unveiled by the minister himself is to get behind those companies and see how we can support them both by fighting for jobs for them and also supporting them with the Nigerian Content Development Fund to grow to them next level.”

Source: THIS DAY

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