The Nigerian Content Development and Monitoring Board, NCDMB, has targeted 70 per cent growth in local content over the next 10 years.
This will enable the country to retain $14 billion from the $20 billion spent yearly in the upstream oil and gas industry.
NCDMB Executive Secretary, Simbi Wabote, told The Nation in Lagos during on the sideline of the presentation of the upgraded Nigerian Oil and Gas Industry Content Joint Qualification System (NOGIC JQS), titled: Optimising the JQS functionalities for case of doing business with the board to industry stakeholders that the upgrade was meant to enhance the achievement of the set targets, adding that the targets are achievable.
With the robust NOGIC JQS, the NOGIC JQS portal would capture industry capacity, adequate categorisation, training, employment and expatriate quota management data.
Wabote said: “The NOGIC JQS portal will be sole system for Nigerian Content registration and prequalification of contractors in the industry after verification of contractors’ capacities and capabilities.
“It will ensure tender and expatriate quota management, proper record of issued Nigerian Content Equipment Certificate (NCEC), marine vessels categorisation, skills data bank.”
He added that indigenous and international oil companies (IOCs) will be compelled to make statutory submissions on it.
