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Nigerian Content Act implementation boosting domestic refining – NCDMB



Nigerian Content Act implementation boosting domestic refining - NCDMB
• Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote

The Executive Secretary of the Nigerian Content Development Board (NCDMB), Mr Simbi Wabote, says the painstaking implementation of the Nigerian Content Act has encouraged more local modular refineries to increase domestic refining.

Wabote explained that Waltersmith Modular Refinery, supported by the NCDMB in 2023, so far produced and sold over 170 million litres of petroleum products, amounting to about 3,000 trucks of petroleum products that would have been hitherto imported with scarce forex.

During the 12th Practical Nigerian Content Forum in Yenagoa on Tuesday, Wabote disclosed that site works for the expansion of the refinery to 10,000 barrels per day (bpd) capacity had started in September to further expand in-country refining.

The 12th edition of the Practical Nigerian Contest Forum has as its theme: Deepening Nigerian Content Amidst Divestments, Domestication and Decarbonisation.

It draws Stakeholders from oil and gas industry to discuss the progress of the local content in the country.

He said the technical operations data showed that the number of registered industry operators grew from 53 in 2018 to 114 in 2023, representing about a 100 per cent increase.

He said within the same period, service companies increased from 8,000 to 11,000 while individual registrations increased from 140,000 to almost 400,000.

“Regarding our Commercial Ventures portfolio, we partnered with Waltersmith to establish a 5,000 bpd modular refinery in Ibigwe, Imo State.


This year alone, the refinery has produced and sold over 170 million liters or about 3,000 trucks of petroleum products that would have been hitherto imported using our scarce forex.

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“I am pleased to note that site works for the expansion of the refinery to 10,000 bpd refinery commenced in September 2023.

“The three other modular refineries are being progressed to completion and start-up.

“For example, the financials, we are close to get the remaining funding for Azikel Refinery. It is nearing completion with the great support from AFREXIM bank,” Wabote said.

The Executive Secretary also explained that Dupont Refinery in Edo State was essentially completed, as the NCDMB was looking at the various options and offers to bring closure to the partnership in line with the board’s investment policy.

He said that in 2017, NCDMB launched its 10-year Strategic Roadmap aimed at increasing Nigerian Content in the oil and gas industry to 70 per cent by the year 2027.

Wabote recalled that NCDMB had rolled out five pillars and four enablers to drive the focus areas under the roadmap, each supported with short, medium and long-term initiatives.

He expressed delight that the journey had been transformational from where NCDMB started to the current point.


“We have completed 83 per cent of the 96 initiatives under the strategic roadmap, with focus now shifting to the remaining initiatives that require some heavy lifting to bring into fruition.

“With the support of the industry, our sponsors, principals, advocates, staff, contractors, host communities and even critics, the transformational impact of the delivery of these initiatives has been of resounding success.

“Under this pillar, we have transformed two of our portfolio of NOGAPS sites from bare land to industrial parks to support in-country manufacturing and assembly of equipment and input materials required for exploration and production activities.

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“While these two NOGAPS sites are essentially ready for commissioning, we are keen to operationalise it by having manufacturing activities in place which is scheduled for first half of next year.

“Under the strategic roadmap, we set up a dedicated $50 million fund to co-finance industry research and development activities,” he said.

Minister of State for Petroleum (Oil), Sen. Heineken Lokpobiri, said the establishment of NCDMB brought a lot of positive changes in the oil and gas industry.

Speaking through the Permanent Secretary in the Ministry of Petroleum Resources, Amb. Gabriel Aduda, Lokpobiri said that Nigeria was committed to foster local content.

On his part, Gov. Douye Diri, commended the NCDMB for the developmental strides since it was created in 2010 to regulate oil firms, amongst others.


Diri was represented by Chief Gideon Ekeowe, Secretary to Bayelsa Government.

He said that Bayelsa and the country at large had benefited a lot in terms of human capital development, empowerment of individuals and communities. (NAN).

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Yahaya Bello: AGF backs EFCC, warns those obstructing agency from performing its lawful duty



Prince Lateef Fagbemi AGF

Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi SAN, has warned public officials both serving and non serving to desist from obstructing the Economic and Financial Crimes Commission from carrying out it’s statutory operations.

Prince Fagbemi was reacting to news making the rounds in media space that former Governor of Kogi state, Yahaya Bello, has been obstructing the EFCC in it’s attempt to arrest him.

The AGF said “The bizarre drama confronting the Economic and Financial Crimes Commission in the course of its efforts to perform its statutory duty has come to his notice.”

He described such situation “as a matter of very grave concern”.

The Justice Minister warned that the EFCC under the establishing law, has the legal right to invite, arrest or prosecute any person without minding status.

“It is now beyond doubt that the EFCC is given power by the law to invite any person of interest to interact with them in the course of their investigation into any matter regardless of status.

“Therefore, the least that we can all do when invited, is not to put any obstruction in the way of EFCC but to honourably answer their invitation.

“A situation where public officals who are themselves subject of protection by law enforcement agents will set up a stratagem of obstruction to the civil and commendable efforts of the EFCC to perform its duty is to say the least, insufferably disquieting.


“A flight from the law does not resolve issues at stake but only exacerbates it” the AGF warned.

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In a statement on Thursday, Prince Fagbemi stated unequivocally that he stands for the rule of law and will promptly call EFCC and indeed any other agency to order when there is indication of any transgression of the fundamental rights of any Nigerian by any of the agencies.


However, he tenaciously held the view that institutions of State should be allowed to function effectively and efficiently.

Nigeria, he said, has a vibrant judicial system that is capable of protecting everyone who follows the rule of law in seeking protection.

“I encourage anyone who has been invited by the EFCC or any other agency to immediately toe the path of decency and civility by honouring such invitation instead of embarking on a temporising self-help and escapism that can only put our country in bad light before the rest of the world” the AGF stated.

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Junior Pope: South East filmmakers protest in Enugu



• Protesting Southeast filmmakers
Different groups involved in filmmaking under the auspices of South East Film Crew Welfare, Wednesday afternoon, took to the street protesting the manner five of their members died after a boat conveying them to shooting location capsized in Anambra River.

Junior Pope, Abigail Frederick, Precious Oforum, Joseph Anointing and Friday Okoroafor, all lost their lives in the unfortunate incident.

Members of Actors Guild of Nigeria (AGN), Creative Designers Guild of Nigeria (CDGN) in Enugu State and others marched on the streets of Enugu metropolis from Okpara Square, Independence Layout, through Rangers Avenue, Bissala Road and terminated at Film Arena, National Museum.

A candle light procession was slated in honour of the fallen heroes and heroines.

Their spokesperson, Jonas Onunweze, a props and set designer, condemned the treatment given to artistes and other Nollywood crew members by film producers.

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Yoruba Nation: Those threatening Nigeria’s sovereignty have price to pay, Tinubu warns



Yoruba Nation: Those threatening Nigeria’s sovereignty have price to pay, Tinubu warns
President Bola Ahmed Tinubu

–As he receives Afenifere leaders

—Says he’s resolute in achieving economic security

PRESIDENT Bola Tinubu on Wednesday gave a strong warning to ethnic agitators, saying that those who think they can threaten the sovereignty of Nigeria will have a price to pay.

President Tinubu also  said that his administration remained undeterred in its pursuit of comprehensive economic security for the country while addressing foundational challenges and creating a fair and equitable system in which all Nigerians can thrive.

Speaking when he received leaders of Afenifere, the respected Yoruba Socio-Cultural Organization, at the State House in Abuja, the President said his administration is re-engineering Nigeria’s finances and seeking to boost the purchasing power of citizens, and spread prosperity down the line, by instituting a credit system where the element of cash is not an impediment to a significantly enhanced standard of living for all citizens.

He said Nigeria must secure itself economically first before it can achieve any of its more sophisticated objectives.

The President in a statement issued by his Special Adviser on Media and Publicity, Chief Ajuri Ngelale, was quoted as saying, ‘’We are committed to the economic survival of our country. To re-engineer the finances of our country, we must start in earnest. So first, retool, revamp the economic opportunities available, and resolve to continue taking the firm and steady baby steps that are necessary.

‘’Education is a strong weapon against poverty. To empower the people, we must invest in the future of our youths. We have seen the problems parents face in training their children in school; it is the reason why we established the National Student Loan Programme, which is taking off well.

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‘’We are equally examining what to do with the high degree of unemployment. We must help vulnerable people by providing social security. We are looking at how to provide allowances for the unemployed, and we are developing ways to boost the purchasing power of citizens with the Consumer Credit Scheme. If we remove the cash upfront element to buy a car or a house, we will reduce the propensity for fraud and corruption across the land,’’ President Tinubu said.


Speaking on security, the President declared that those who threaten the sovereignty of Nigeria would pay a heavy price.

The President threat is coming on the heels of the recent report in which some people from the South West embarked on agitation for Yoruba nation.

Tinubu said, ‘’I am irrevocably committed to the unity of Nigeria and constitutional democracy.Constitutional democracy is reflected greatly here since we assumed office. What we face now is the challenge of terrorism. Security of life and property is very necessary for development. I can tell you we are achieving success. We have degraded terrorism to a level that they cannot threaten the sovereignty of Nigeria any longer.

‘’Banditry and kidnapping will be defeated. And there is no payment of ransom whatsoever. We are taking the battle to them. We are getting results more rapidly than before. We are working hard on intelligence gathering. Those who think they can threaten the sovereignty of Nigeria will have themselves to blame. They have a price to pay. And we are not going to relent.”

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The President thanked the esteemed delegation for their prayers and support, assuring them that he would not relent in his resolve to advance Nigeria.

‘’God bless Nigeria. God bless our unity; our diversity must bring prosperity for all for the sake of Nigeria,’’ President Tinubu concluded.

Earlier in his remarks, His Royal Majesty, Oba Olu Falae commended the President for his courageous decisions and for the rehabilitation of the Third Mainland Bridge in Lagos, as well as other critical ongoing projects.

He urged the President not to relent in ensuring fairness and equity for all Nigerians while noting the importance of a constitutional amendment to devolve more powers to the states.


‘’We are delighted about what you are doing for our country, and we assure you of our continued support. We thank you for your visit to Akure in February 2024, and we believe it is right and proper to reciprocate your kind gesture. We appreciate this relationship, and we need to make it work in the interest of Nigeria.

‘’Mr. President, you are the leader of Nigeria now and the most important political figure in Africa. We expect you, in view of your legacy and pedigree, to lead our country with knowledge, courage, and integrity. We have no doubt that your tenure will mark a turning point in the history of our country. Under your leadership, Nigeria will be repositioned.

‘’We will stand by you as you make all efforts to change the Nigeria story for the better. Be assured Afenifere will not abandon you in fair or foul weather. As long as you remain faithful to the principles of fairness, integrity, and courage that is expected of you as the leader of Nigeria, we will stand by you,’’ Oba Falae said.

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The delegation was led by Pa Reuben Fasoranti, leader of Afenifere; Oba Falae, alongside other eminent citizens.

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