President Muhammadu Buhari has promised to spend more to upgrade infrastructure across the country by leveraging on the capacity of local contractors and homegrown technological innovation. The President made the pledge at the virtual inauguration of the new headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State.
Buhari enthused that the iconic 17-storey building, known as the Nigerian Content Tower, with the full complements of a 10MW Power Plant and 1000-seater Conference Center, reflects his administration’s drive to provide infrastructure across the country to attract investments, create jobs and eradicate poverty.
‘‘With the commissioning of this project, I want to highlight that we have put in place a landmark of reference in the Niger Delta to reflect long lasting legacies that signpost the years of oil and gas exploitation and I assure you that there is more to come,’’ he said.
Expressing optimism that more local content in infrastructure provision will benefit the country, the nation’s helmsman, said he was elated by the thousands of direct and indirect jobs, which were created during the execution of the project.
‘‘This commissioning brings to the fore the importance of local content in all activities of our national life especially with the prevailing COVID-19 pandemic. I believe strongly in local production and patronage of our goods and services as one of the surest ways to empower our citizens and give them viable opportunities to excel in their chosen professions and business endeavors.
‘‘That is why two of the Executive Orders issued under our government are related to enforcing local content in public procurement and contracts to further replicate the successes being realized in the oil and gas industry. Local Content and Self Reliance are key principles of the recently approved 2.3 trillion Naira National Economic Sustainability Plan. The plan is aimed at the promotion of local production, local services, local innovation, and the use of local materials,’’ he said.
President Buhari also had words of commendation for the Ministry of Petroleum Resources, the Honorable Minister of State for Petroleum Resources, the Chairman and members of the Governing Council, as well as the management and staff of the Nigerian Content Board for this achievement, the President said:
‘‘The edifice we are commissioning today is a befitting birthday gift as you mark your 10th-year anniversary as a regulator and developer of local content in the oil and gas industry. I am also pleased that this project has been delivered by local contractors supported by other local engineering and project consultants. We must all be proud that we finished what we started.”