The Nigerian Content Development and Monitoring Board (NCDMB) and the Senate Committee on Local Content on Sunday began a 3-day retreat at Abuja, aimed at forging closer collaboration between the two entities, to achieve improved implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.

The theme of the retreat is creating synergy for sustainable local content development and was attended by members of the committee and some senior management of the NCDMB.

Speaking at the opening ceremony on Monday, the Executive Secretary NCDMB, Engr.  Felix Omatsola Ogbe underscored the importance of collaboration with relevant stakeholders in managing and growing Nigerian Content in the oil and gas industry. He stated that the retreat is a key platform for actualising the needed collaboration, describing the National Assembly as one of the most important stakeholders to collaborate with.

He reiterated that the Board is focused on fulfilling the mandate set out by the NOGICD Act, which is basically to build the capacity of Nigerian companies and people to participate in the oil and gas industry and to monitor the compliance of oil and gas companies. He stressed that the mandate has not changed with the change of leadership in the Board.

Speaking further, Ogbe maintained that his major objective in the current role is how to sustain the growth of Nigerian Content in the oil and gas industry.