NOG 2022 Set To Promote Local Content Through Easy Access To Insurance

The ongoing 2022 Nigeria Oil and Gas, NOG, Conference kicked off on Monday in Abuja with the public presentation and showcase of the guidelines from the partnership between the Nigeria Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) as well as the exchange of document between Simbi Kasie Wabote, Executive Secretary, NCDMB and Sunday Thomas, Commissioner for Insurance.

The partnership between the two bodies is in continuation of the efforts of the NCDMB at promoting local content by enhancing the ease of doing business.

While thanking Wabote for his thoughtfulness and leadership capabilities, the NAICOM boss said that it was time that the insurance sector was built to a point where financial and technical capacities are enhanced just as it is done in other climes.

He promised to enforce compliance with the agreed framework.

“The implementation framework has been developed and just like the Executive Secretary had mentioned, it would be made available to all operators in the Oil and Gas sector,” he said.

The NAICOM boss also urged the practitioners to comply as much as possible with the guidelines, which according to him, are simple, because it will add a lot of value to the system.

This year’s NOG, which is tagged “Expanding the Nigerian Content Frontier Through Intra-African trade” is expected to run through Monday, July 4th to Wednesday, July 7, 2022, will feature industry leaders, and discussions on how to promote the Nigerian Content.-Realnews