Content board, investors partner on gas development

Content board, investors partner on gas development

The Nigerian Content Development and Monitoring Board said that it had embarked on deliberate measures with a view to actualising the Federal Government’s declarations in gas and other areas of the oil and gas value-chain.

The General Manager, Corporate Communications and Zonal Coordination, NCDMB, Ginah Otonye Ginah, stated this at a one-day capacity-building workshop for media stakeholders in the South-South region held in Port Harcourt, Rivers State, with the theme, ‘Enhancing Media Competencies to Support Nigerian Content in a Gas Economy’ on Monday.

He said the government’s strategy was to use gas as the country’s transition fuel, stressing that the Ministry of Petroleum Resources had backed this position with bold policies such as the National Gas Expansion Program, Gas Network Code and Flares Commercialisation programme.

Shedding light on the activities undertaken by the agency, Ginah said: “As a responsive agency, the NCDMB has also taken deliberate steps to actualise the Federal Government’s declarations in gas and other aspects of the oil and gas value chain. We have partnered with credible investors to develop critical projects in the sector to take Nigeria towards the goal.

“In total, we have partnered with 15 firms to set up projects covering modular refining, gas processing, gas distribution, power generation, manufacturing and others.

“It is worthy of note that 70 percent of our investments are on gas-based activities, especially midstream and downstream gas. Our investments underscore the importance of gas to Nigeria’s economic sustainability, apart from its role in the energy transition.

“We know for certain that gas can lead Nigeria to food sufficiency, industrialisation, increase in Gross Domestic Product, and electric power sufficiency.”

He said investments by the NCDMB were helping to create employment opportunities for Nigerian youths, catalyse the local economy and achieve the Nigerian Content 10-Year Strategic Roadmap.

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