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Monday, 16 October 2017

I Did not Accuse Baru of Fraud, Says Kachikwu * Urges NCDMB to implement Local Content in Offshore Sector

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Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday stated that his memo to President Muhammadu Buhari was not bordered on fraud but on governance on the best way to move the oil and gas sector forward in the country.

He, however, expressed deep confidence in President Buhari as a thorough, clean and meticulous leader whose interest is to better the lots of Nigerians.

Kachikwu, who stated this in Owerri, Imo State capital, while speaking on the third day  of a three-day second edition of the Nigerian Content Workshop organised by the Nigerian Content Development and Monitoring Board (NCDMB), decried the conversation by Nigerians in the issue contained in his letter as such did not border on fraud but in governance on way forward.

"The conversation has been largely misunderstood to border on fraud. It was not on fraud, but on governance and suggested ways to go about it. I think a lot of people got it wrong. People dwell much on issues of sensationalism and leave the main substance. I think the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, and I are working together as the president had directed to move forward," he said.

According to him, President Buhari has urged the two of us to find ways of working together to remove doubt and rift. He is a decent man and what he wants to achieve in this country is to live a legacy for posterity. He is a sincere leader, so nobody should accuse him of engaging in fraud.

He commended the leadership of NCDMB manned by its Executive Secretary, Simbi Wakote, for scoring high in her activities to promote Nigerian content in oil and gas sector of the nation's economy.

"NCDMB is blessed in terms of quality of personnel in that parastatal. They have done well in ensuring that things move well in this area.  Simbi has made the institution very stronger, and I congratulate you and your folk," he said.

The minister however observed that not much local content had been engaged in the offshore and enjoined NCDMB to move in that direction.

He announced that by next year, the facilities in Port Harcourt and Kaduna would be available for use to train unskilled Nigerians to acquire skill training in the oil and gas sector, adding that the Petroleum Trust Development Fund (PTDF) and the Petroleum Training Institute (PTI) would take on that.

In his remarks, the Senate President, Dr. Bukola Saraki, stated that major reasons for the current Senate to pass the Petroleum Industry Governance Bill (PIB) after 17 years of its introduction was to enhance exploitation and exploration of petroleum resources in the country for the benefit of Nigerians.
He noted also that when the bill is signed into law, it would promote the development of Nigerian content in the oil industry and encourage investment in petroleum industry.


Saraki who was represented by the Chairman, Senate Committee on Petroleum Resources (Upstream), Senator Tayo Alasoadura pointed out that the bill which was split into four parts giving the green light that the Petroleum Industry Administration Bill, Petroleum Industry Fiscal Bill and Petroleum Host Community Bill have all gone through second reading and would also be quickened for their passage.

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