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Thursday, September 29, 2022

Nigerian Oil and Gas Park Reaches 70% Completion

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Nigeria’s Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva has commended the Nigerian Content Development and Monitoring Board (NCDMB) for the work done on the Nigerian Oil and Gas Park project, which is 70% complete.

The Minister announced that, “The NCDMB has done very well; before the establishment of this Board, local participation was about three percent but today they have taken it to over 30% and the trajectory is to boost it to 70% by the year 2027.”

The project­– located in Bayelsa State– will be completed and commissioned by President Muhammadu Buhari before the end of 2022. The project is in line with President Buhari’s vision of job creation with its creation of 2,000 direct and indirect jobs when completed.

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