Section 104 prescribes the creation of a Nigerian Content Development Fund, while Sections 37, 38, and 39 deal with Research and Development. In Section 59, the focus is on Effective Monitoring of the Implementation of the Act.
With a “10-Year Strategic Road Map” instituted in 2017 as compass, targeting 70 per cent Nigerian content by the latter date, Engr. Wabote highlighted milestones in capacity building attained thus far in the upstream, midstream and downstream subsectors of the industry.
Earlier in opening remarks, NCDMB’s Manager, Legal Services, Mr Naboth Onyesoh, Esq, expressed appreciation for the large turnout for the event, noting that judges and lawyers deserve to know what NCDMB is and how it works, just as knowledge of its enabling law is important. The State Chief Judge, His Lordship, Hon. Justice Simeon Chibuzor Amadi, in his own goodwill message noted that the “benefits of the workshop to Judges are enormous.” According to him, adjudication in oil and gas requires understanding of the workings of NCDMB, the implementing agency, the industry as well as relevant operational guidelines.” He said, “This workshop will remain evergreen in the annals of the State Judiciary.
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