The Management of the Nigerian Content Development and Monitoring Board (NCDMB) led by our Executive Secretary, Engr Simbi Kesiye Wabote (FNSE) this morning, hosted the Commissioner for National Insurance Commission (NAICOM) O. S. Thomas and his team at the Nigerian Content Tower, Swali, Yenagoa for the official launch of the NCDMB/NAICOM Insurance Guidelines.
In his remarks the Engr Wabote said “Today’s event marks yet another giant stride in our quest to actualize the Board’s mandate under the NOGICD Act, 2010, which is primarily to drive and promote Nigerian Content in the Nigerian Oil and Gas industry”
“This event is the culmination of consistent, persistent and rigorous engagement between the Board and NAICOM in the last twelve months. This engagement, and the outcome, between the two agencies speak to the advantage derived from collaboration.” he noted.
“The success of our engagement, earmarked by this launch of the Insurance Guidelines, further attests to my belief that the local content enforcement and implementation is not a sprint but a marathon.”
” is believed that the implementation of this Insurance Guidelines will further strengthen the Board’s local content drive and ensure that a greater portion of the spend in the Insurance industry as it relates to oil and gas activities in Nigeria is retained in-country.” – Engr Wabote said in part.
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