(1/7) The insightful keynote speeches and panel sessions that ushered in the #NOG19 conference reintroduced us to the brilliant minds ensuring economic sustainability in the Oil and Gas industry.
#OandoAtNOG
(2/7) “It’s been a very tough and long journey. We started with at 5% compliance 9 years ago, today we are at about 35% compliance and we hope to achieve over 70% compliance in 8 years time.” Akintunde Adelana, Director – Monitoring & Evaluation, @OfficialNCDMB shared the...
(3/7) ...progress recorded so far on how the board assesses the impact of local content compliance in the industry.
The final panel son "Embedding Nigerian Content Impact to Strengthen the Future of Nigeria’s Oil & Gas Industry" moderated by our CLO, Ngozi Okonkwo, ...
(4/7) ...emphasised the need for private investors to key into the NCDMB’s 10-year framework and continually prioritise research and development to ensure innovation and solutions in the industry.
#OandoAtNOG
(5/7) Assuring stakeholders of accountability, @wabote_simbi, Executive Secretary, @OfficialNCDMB , addressed companies misinterpreting section 104 of the Nigerian Oil and Gas Industry Content Development Act
(NOGID).
#OandoAtNOG
(6/7) In @wabote_simbi words, “We are faced with issues of non-deductions of the statutory fee & misinterpretation of section 104. The Board is committed to recovering all outstanding obligations due to Nigeria Content Development Fund (NCDF) by imposing sanctions...
#OandoAtNOG
(7/7) ...and reporting defaulting companies to the appropriate authorities."
Join us again tomorrow as we continue sharing our #NOG19 experience with you.
#OandoAtNOG
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