Executive Secretary of the Nigerian Content Development and Monitoring

Board, Felix Ogbe, says the board is targeting 70 per cent Nigerian content in

the oil and gas sector by 2027.

Ogbe who disclosed this when he visited the facilities of BEAMCO Nigeria

Limited in Lagos, commended the oil and gas service firm for its strides in

equipment component manufacturing, and also lauded the Nigeria Liquefied

Natural Gas Limited, Saipem-Daewoo Joint Venture, and BEAMCO Limited for

enhanced in-country value addition.

Speaking at the load-out ceremony at BEAMCO’s facility in Apapa, Lagos, the

NCDMB boss said, the feat of sourcing such vital components in-country was

made possible by the Equipment Component Manufacturing Initiative

launched by the NCDMB in 2013, and necessitates the issuance of the

Nigerian Content Equipment Certificate as a requirement for participation in

equipment supply in the oil and gas industry.

He also said, the implementation ensured that NLNG, through its main

contractor, Saipem-Daewoo, awarded a contract to BEAMCO for the supply

of 17 American Petroleum Institute pumps and 19 control valves in line with

NCDMB’s approved vendor list for the NLNG Train-7 project, adding that,

Nigeria is proud that BEAMCO will be delivering quality pumps and valves on

schedule.

He remarked also said, the achievements of the company affirmed the

position of the recent Presidential Directives on Local Content

implementation, which mandates that oil and gas contractors should only be

awarded to local companies with established and proven capabilities in-

country.

He promised that, the Nigerian Content Development and Monitoring Board

would continue to support BEAMCO to further expand its capabilities to

include backward integration in pump and valve components manufacturing

in Nigeria, and also assured purpose-driven companies in the oil and gas

subsector that “Together we will achieve more of similar milestones in the

industry, as part of our collective commitment to achieve 70 per cent

Nigerian Content by 2027.”