Written by Godfrey AKON

NNPC to promote in-country technology

The Nigerian National Petroleum Corporation, NNPC, has pledged to promote the development and commercialization of home-grown technology in collaboration with the Nigerian Content Development and Monitoring Board, NCDMB.

A statement by the Corporation's spokesman, Mr Ndu Ughamadu, said the Group Managing Director of NNPC, Dr. Maikanti Baru, made the pledge while delivering the lead paper at the 47th Conference and Annual General Meeting of Nigerian Society of Chemical Engineers in Port Harcourt.

Baru moted that efforts to develop and commercialise homegrown technology in the industry would be driven by the Research and Development, R and D arm of the Corporation.

He said the collaborative effort with the NCDMB was already manifesting with the joint establishment of research clusters that will specialize in different areas of the oil and gas activities.

The GMD declared that Nigeria was in dire need of urgently clawing back, from foreign yards, most fabrication works and other services in the industry to boost the contribution of the industry to the nation’s Gross Domestic Product GDP.

"The new operating philosophy should lay emphasis on in-country manufacturing, job creation, skills development, technology development, capital retention, research and development and fostering sectorial linkages with other critical sectors of the economy in order to drive industrialization,’’ he said.

The theme of his paper at the occasion was Nigerian Content Development: Catalyst for Industrialisation.

Baru revealed that the Corporation was currently in collaboration with NCDMB with a view to aligning the Nigerian Petroleum Exchange, NipeX portal and the Nigerian Oil and Gas Industry Content Joint Qualification System, NOGICJQS portal, to adequately capture the capacity of local companies.

He called for a closer examination of the compliance level of the extant legislation and policy on Nigerian Content to evolve new models that would shape the policy and legislation on the subject in many areas.

Some of the areas include: fiscal incentives to attract foreign direct investment, access to credit facilities among others.

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