A Memorandum of Understanding (MoU) has been signed between the Nigerian Content Development Monitoring Board, a federal government body, and Senegal’s National Local Content Monitoring Agency to strengthen the local content in Senegal’s oil and gas industry.
The signing, which took place on Tuesday in Lagos at the 7th Sub-Saharan Africa International Petroleum Exhibition and Conference, followed Senegal’s preparations for its first oil and gas production before the end of the year.
Senegal’s envoy and Deputy Permanent Secretary, COS Petrogaz, Republic of Senegal, Mamadou Fall Kane, noted that Senegal had much to learn from Nigeria, which had achieved 54% local content of a 70% target by 2027.
“I conceived this partnership framework with the NCDMB for the past year, and it is very fulfilling that this event is holding today. With the signing of this collaboration, Senegal has a lot to learn from Nigeria on how to deepen its local content target. This would go a long way to benefit all Senegalese as the country moves towards developing our natural resources”, he stated.
The Executive Secretary of the NCDMB, Simbi Wabote emphasized that the cooperation was not just to enhance local content in Senegal, but also a business-to-business partnership and capacity building in Senegal.
The Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Mele Kyari, in his own words urged collaboration among African countries to make additional hydrocarbon discoveries on the continent in his Keynote presentation.
Mele Kyari disclosed that “In the next twenty years, energy demand in Africa is expected to increase in the order of 30-35% to support the projected increase in population and industrialization. This presents an enormous opportunity for us to form partnerships across the continent and build a sustainable future,”.
“The need for partnership is reinforced as more African countries continue to make hydrocarbon discoveries. We should collaborate and share knowledge and help each other in critical areas including technology, exploration and production, research and development, technical expertise, and human capacity development to spread the wealth within the continent,” he added
Damilola Fadare
Editor
Abuja, Nigeria
Damilola is a seasoned journalist and media practitioner with over 2 decades of practice as a teacher, reporter and writer. He has also served as the editor of different publications in Nigeria.
Aside being an editor, Damilola also writes on Politics, Economy, Oil and Gas for Media Africa
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