By Ejiro Nesisa
The Management of Chevron Nigeria Ltd said the organization would continue to partner with Nigerian Content Development Monitoring Board(NCDMB) to boost local capacities in Nigeria oil and gas industry. The organization made this known through the Chairman and Managing Director of Chevron Nigeria and Mid-Africa Business Unit, Jim Swartz at a Panel session on The Next Frontier for Nigerian Content: Divestments & Offshore Opportunities, during the 2024 edition of the Practical Nigeria Content Forum organized by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State from December 2 to 5, 2024.
In a press statement signed by the Manager Communication, Policy, Government and Public Affairs,Victor Chimaobi Anyaegbudike, Chevron Nigeria Ltd, Chevron MD said, Nigerian content development is critical for the growth and development of the nation as it progresses in its quest to acquire oil and gas technology and build indigenous capacity in the oil and gas industry.
His words:”We will continue our efforts in capacity building and training of the local talents, our support for research and development and facilitation of partnerships among local businesses”. Jim said, it is an industry that thrives on partnership with key stakeholders, the Nigerian oil and gas industry is expected to continue to play an active role in prioritizing Nigeria content development and building local capacity in the industry.
According to him, Chevron believes that its business success in providing affordable, reliable, ever-cleaner energy is directly tied to the progress and prosperity of the people it works with and the communities where it operates. His words: “Our strategy is to leverage our strengths to safely deliver lower carbon energy to a growing world. Our primary objective is to deliver higher returns, lower carbon, and superior stakeholder value in any business environment”.
According to him, having made significant investments in Nigeria for over 60 years, Chevron believes that the broad and varied opportunities in the oil and gas industry, can be harnessed to engender economic development, with the appropriate government legislation, policies, and regulations. His words:”Chevron’s Nigerian Content policy is driven by the vision to be recognized as the petroleum company that works best to foster competence and competitiveness among Nigerian indigenous contractors and suppliers, by adopting the participatory-partnership model”.
The Chairman and Managing Director noted that Chevron companies in Nigeria had developed and implemented the Local/Nigerian Content development philosophy as far back as 1999, well before the April 2010 enactment of the Nigerian Oil and Gas Industry Content Development Act (“NOGICD Act”).
His words:“ At Chevron, we demonstrate our commitment to the socio-economic development of Nigeria by building mutually beneficial partnerships and supporting the policies of government on Nigerian Content Development. In addition to skills acquisition training for Nigerians, Chevron provides contract and procurement opportunities, support for asset acquisition, technical support, and facilitates collaboration on research and development for local community contractors.
“For the last 10 years, CNL has spent an estimated annual average of $1 billion on Nigerian suppliers and service providers. We do all this, not because we are compelled to, but because it is the right thing to do”, he concluded.