Nigerian Content Development and Monitoring Board (NCDMB) has announced that the Nigeria Oil and Gas Park project in Emeyal 1, a community in Ogbia Local Government Area of Bayelsa will be ready by the fourth quarter of 2022.
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Mr Simbi Wabote, Executive Secretary of NCDMB, who gave the timeline during an assessment tour of the facility on Wednesday, expressed satisfaction at the quality of job being executed at the site.
He commended the compliance to high standards and specifications for oil and gas project by indigenous contractors.
This, he said, was an indication that the Nigerian Content policy was yielding dividends and the confidence reposed by the board was being justified.
He explained that the project was aimed at creating an industrial hub for the manufacture of sundry materials used in the oil and gas sector to forestall capital flight and create jobs.
“The idea is to encourage in-country manufacture of materials used in the oil and gas sector to boost the economy and deepen the participation of Nigerians in a cluster where there is the available infrastructure to be a catalyst to manufacturing.
In manufacturing, power is very crucial and we factored that into this park, and we have constructed a 10 Mega Watts power plant that will guarantee 24 hours power supply to the park.
From what I have seen, a lot has been done since 2018 when we were here for the groundbreaking ceremony, a lot of buildings have been completed, so many more are ongoing. From my assessment, a lot still has to be done.
We are here to sensitise the contractors that the target date of fourth quarter in 2022 remains sarcosant as the Minister of State for Petroleum, Chief Timipre Sylva is very keen to complete the project and will soon visit the site later in the month to see things for himself,” Wabote said.
Wabote was accompanied by members of the NCDMB management team who were
shown around various ongoing projects by representatives of the contractors. (NAN)