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Sunday, 8 November 2015

Nigeria; FG promises to support oil and gas investors




The Federal Government has expressed its willing­ness to support any com­pany seeking to domicile its operations in the country.

Executive Secretary, Nige­rian Content Development and Monitoring Board, (NCDMB), Mr. Denzil Kentebe, stated this when he led the Board and general managers of the inter­national producing companies and other stakeholders in the oil and gas industry on a tour of the facilities at the Free Trade Zone, FTZ, Onne, Rivers State.

Speaking during the tour, Kentebe explained that the pur­pose of the visit was to get the industry to appreciate the ca­pacities of companies operating in the oil and gas services centre, as well as Free Trade Zone.

He said that the board insisted on the utilization of locally man­ufactured inputs by the oil and gas industry, noting that many of such activities were carried out in the zone. Kentebe ex­pressed delight that many of the companies operating in the FTZ were engaged in value addition activities and manufacturing of oil and gas components.

Also, Kentebe lauded firms operating in the area, saying that their operations were vital to the Nigerian content growth and employment creation.

He encouraged companies operating in the zone to ap­proach the board, if they experi­ence challenges.

He promised that the board would engage relevant agencies of government to ensure that ap­plicable tax policies worked in accordance with the purpose of establishing the zone.

Speaking after conducting the entourage through the oil and gas services area in Onne, the Head, Public Relations and Nigerian Content, Intels Nigeria Limited, Mr. Isidore Sambol, ex­plained that his organization was committed to the realization of Nigerian content law in line with the policy thrust of the Federal Government for the industry.

He added that the plans for Onne Phase 4B project by Deep Offshore Services Limited, when completed, would double the present capacity of the ser­vices centre and create more jobs for Nigerians.

He said: “The Phase 4B proj­ect is on-going with dredging and reclamation works under­way for the construction of an additional 2,000 square metre jetty with a 12 metre draft at low tide.”

Mr. Sambol pointed out that the Oil and Gas Free Zone, Onne, was only 40 percent uti­lized and called on investors to take advantage of the Federal Government incentives for oper­ating in the zone.

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