The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, and the former Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB) Simbi Wabote, exchanged accusations over $500 million in investments and loans.
The local content in Nigeria's oil and gas sector has experienced a significant surge, soaring from 26% in 2017 to an impressive 54% in 2002.
While denying the allegation, NCDMB described it as spurious, malicious, and a piece of fake news.
In order to improve security in Nigeria’s oil sector, the NCDMB has sought to collaborate with the Nigeria Police Force (NPF).
About $9 billion has been retained from the average $20 billion being spent in the oil and gas industry yearly due to the implementation of the NOGICD Act.
Not less than 140,000 jobs will be created from the Nigerian Liquified Natural Gas (NLNG) Train 7 Engineering, Procurement and Construction (EPC) project. This is according to Simbi Wabote, the Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB).
