The Nigerian Content Development and Monitoring Board (NCDMB) has asked the Nigeria LNG Ltd (NLNG) to evaluate the capabilities of the beneficiaries of Project 100 programme.
The NCDMB said the purpose of the evaluation was to enable NLNG engage them in the execution of its Train 7 project and other related services.
The Executive Secretary of NCDMB, Mr Simbi Wabote made the request in a letter to the Managing Director of NLNG, Mr Tony Attah, titled “Introducing Project 100 Beneficiaries for Consideration on NLNG Projects.”
A copy of the letter was obtained by the News Agency of Nigeria (NAN) on Thursday in Lagos.
Attached to the letter is the list of the Project 100 companies, the range of services they offer to the oil and gas industry and their track records.
Wabote said the Project 100 was conceived to identify 100 start-up oil and gas companies and support them through special interventions to facilitate their incubation, maturation and growth into world class service companies.
He said the programme was introduced as part of the board’s mandate to develop the capacity of the local supply chain for effective and efficient service delivery in the oil and gas industry.
“The first phase began in January 2019 and 60 companies were selected through a transparent process conducted by KPMG, an international consultancy firm.
“The benefits of the scheme include special interventions including access to market opportunities, access to capacity building, funding, policy prescription, research and development and business insight.
“The board has been giving these support to the companies and is committed to continue as well as offer other institutional assistance to aid the companies’ maturation into world class status, Wabote said.
According to him, as part of its access to market intervention, NCDMB will regularly recommend Project 100 Companies to project promoters and big Engineering, Procurement, Construction and Installation (EPCI) companies.
He said this was aimed at creating business opportunities after an independent assessment of their capabilities.
“In this particular instance, NLNG is expected to conduct its own due diligence on the capacity of these companies and based on their proven capacities engage them for the Train 7 project, ” the executive secretary added.
Wabote urged NLNG to note that the involvement of Project 100 Companies in its supply chain would be a major boost in the quest to collectively support local companies to become large enterprises.
He said it would also deepen local content practice in Nigeria’s oil and gas industry.
