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The Nigerian National Petroleum Company Limited has reiterated its commitment to advancing local content development in Nigeria’s energy sector and drive sustainable growth of the industry.
This commitment was made by the Group Chief Executive Officer, Mele Kyari, at the ongoing 13th Practical Nigerian Content Forum in Yenagoa, Bayelsa State.
According to a statement signed by the NNPCL Chief Corporate Communications Officer, Femi Soneye, on Tuesday, local content empowers domestic companies and fosters innovation, ensuring a strong oil and gas sector that meets both local and global demands.
Kyari, who was represented by the Executive Vice President, Upstream, Udobong Ntia, emphasised the significance of the PNC Forum as a unique opportunity for stakeholders to reflect on progress, share best practices and identify strategic growth opportunities.
He noted that the landmark Nigerian Oil and Gas Industry Content Development 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 also detailed NNPC Ltd’s strategic initiatives aimed at enhancing the capabilities of local firms, including the restructuring of the NNPC Exploration and Production Ltd and the positioning of the NNPC Engineering and Technical Company Ltd as a full-scale engineering company.
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.
