The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday held a virtual engagement of the Nigerian Content Consultative Forum (NCCF), a body set up by the Nigerian Oil and Gas Industry Content Development (NOGICD) Act to facilitate collaboration of stakeholders and development of ideas for the advancement of Nigerian Content in the Oil and Gas Industry.
Key highlights of the meeting was the inauguration of two new NCCF Sectorial Working Groups by the Executive Secretary, Engr. Simbi Wabote. The two new groups are the Gas Value Chain SWG and the Diversity SWG, bringing the number of NCCF sectorial groups to twelve.
Giving reasons for the inauguration of the Gas Value Chain Group, the Executive Secretary stated that the Board believes that the future of fossil fuels is in maximizing gas development and utilization.
He noted that Nigeria has about 203 trillion cubic feet (TCF) of gas reserves and recalled that the Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva had at the beginning of the year declared 2020 as the Year of Gas.
He disclosed that the country is developing various projects to promote commercialization and utilization of gas and the Board is supporting the Minister’s vision in areas of LPG penetration by investing in RUNGAS to promote local production of gas cylinders in Bayelsa State.