Yemisi Izuora
The Nigerian National Petroleum Company Limited (NNPCL) is deepening its operations through strategic restructuring of its critical operational units with the aim to increase oil production and sustain indigenous capacity.
Under the ongoing development the Company said it has sustained strategic initiatives aimed at enhancing the capabilities of local firms.
In addition and very critical to the development is the restructuring of the NNPC Exploration and Production Ltd (NEPL) and the positioning of the NNPC Engineering and Technical Company (NETCO) Ltd as a full-scale engineering company.
The Group Chief Executive Officer (GCEO) of the Company, Mele Kyari stated these at the ongoing 13th Practical Nigerian Content (PNC) Forum in Yenagoa, Bayelsa State.
Kyari, who was represented by the Executive Vice President, Upstream, Mr. Udobong Ntia emphasized the significance of the PNC Forum as a unique opportunity for stakeholders to reflect on progress, share best practices and identify strategic opportunities for growth.
He noted that the landmark Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010 had ushered in a transformative era for local businesses, positioning them to compete on a global scale.
“The PNC has spawned several initiatives to address stakeholder concerns and maximize the benefits of our rich resources. We have a shared responsibility to empower local firms and drive innovation to ensure a robust oil and gas sector that meets both local and global demands,” Kyari stated.
The GCEO further emphasised the importance of fostering local capabilities, embracing advanced technologies, and nurturing partnerships to create a sustainable energy future for Nigeria.
Highlighting the ongoing commitment of NNPC Limited to local content, Kyari referenced the recent Presidential Directive on Local Content Compliance Requirements for 2024, stressing that it was a testament to the Federal Government’s commitment to prioritizing local content as a key element of national strategy.
“This directive should make us all feel secure and committed to the local content strategy,” Kyari added.
The theme for this year’s PNC forum, “Defining the Next Frontier for Nigerian Content Implementation,” underscores the collective goal of advancing local content across the energy sector.
He encouraged participants at the Conference to engage actively, share insights, and forge connections that would accelerate the journey towards energy sufficiency in Nigeria.
“Together, we can cultivate a vibrant local content ecosystem that benefits all Nigerians,” he concluded.
The 13th Practical Nigerian Content (PNC) Forum is hosted by the Nigerian Content Development and Monitoring Board (NCDMB). The forum is a vital platform for advancing local content development in Nigeria’s energy sector.