Ernest Nwapa, executive secretary, Nigerian Content Development and Monitoring Board (NCDMB), has announced over $1billion investment in the Nigerian oil and gas industry to create capacity and execute Nigerian Content scopes provided in the Egina deep water project.
Egina-Total Exploration and Production’s $15 billion deep water project is the first major oil and gas project to be started under the Nigerian Content Act and it includes an FPSO unit, an oil offloading terminal and subsea production systems such as risers, 52km of oil and water injection flowlines, 12 flexible jumpers, 20km of gas export pipelines, 80kilometres of umbilicals and subsea manifolds.
He stated that the investment worth $60million was made towards delivering Saipem’s Nigerian Content scope on the Egina project.
Nwapa added that the plant was worthy of celebration as it confirmed that the board’s strategy to include capacity development initiatives (CDIs) in major projects was working.
He informed that CDIs would promote opportunities for training, knowledge and technology acquisition, adding that shop floors were expanding and capacity to execute work in Nigeria has increased substantially.
Speaking further, Nwapa reiterated that over $5billion worth of investments have been made in Nigerian yards since the signing of the Nigerian Content Bill into law by President Goodluck Jonathan in 2010, especially by PETAN member companies and other firms like Aveon, Cameron, Ladol, Nigerdock, FMC, Tenaris, EWT etc while about 40,000 technical jobs are being created per annum.
He credited President Goodluck Jonathan and Diezani Alison-Madueke, minister of petroleum resources, for providing the political support and conducive environment to implement the Nigerian Oil and Gas Industry Content and Development Act. “Their support strengthened the Board to overcome local and international resistance from very powerful forces,” he added.
The executive secretary also commended Total for its continued investment in Nigeria despite the challenging economic environment, particularly the fall in crude oil prices, adding that NCDMB was focusing more on its developmental roles owing to the need to build collaboration to achieve targets set by the Act.

Maureen Nzeogu
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