Oil producing states to enjoy industrial parks

 

A move aimed at empowering people living in the oil producing states, while also enhancing industrial growth in the region through the creation of industrial parks, has been unveiled. The disclosure according to the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB),Mr. Ernest Nwapa,are part of initiatives approved by the Chairman of the Governing Board of NCDMB, Mrs. Deziani Alison-Madueke.

According to him, the planned establishment of industrial parks in each oil producing state would be in partnership with the state governments. This, he said, will stimulate the participation of the communities in the local supply chain and provide a direct platform for collaboration with original equipment manufacturers that are now required to manufacture a minimum proportion of components in Nigeria.

He explained that the Board will collaborate with major operators, service companies and the relevant state Governments to build industrial parks which will support operations of the industry and help achieve service efficiency through shared services. Other benefits of the industrial park concept include the reduction of start-up investment cost for new business, stakeholders’ collaboration and industry commitment to utilize manufactured products from industrial parks.

The parks will host manufacturing activities driven by the Oil and Gas industry demand but will certainly service other sectors of the economy as they grow organically into integrated industrial zones. The start-up product slate will include steel pipes & allied fittings, switch gears, panels, skids, pipe racks and brackets, Environmental protection equipment, chemicals, industrial gases, computers, telecom and other ICT equipment components, Furniture,  LPG cylinders, Bolts & Nuts, Drilling fluids.

The Executive Secretary declared that the strategy has been successfully deployed to stimulate small and medium scale enterprises focused on the Oil and Gas technology into sustainable engines for technological growth and employment at the grass root level. He noted that the major operators will benefit from increased entrepreneurial activities in their host communities and announced that the Board has reached out to the state Governments to participate in an SME fair to enable it identify companies with potentials to incubate and grow.

In this way, over 100,000 productive jobs will be created across the communities for skills ranging from professional to artisanal and deemphasize the social employment prevalent in the communities. “The fair will identify SMEs with capacity which will be supported and accommodated in the new industrial parks to manufacture goods used in industry with the active involvement of the traditional OEMs.

The Board will activate the provisions of the Act to provide specific incentives for OEMs that participate in the initiative such as locking in orders for equipment or components manufactured/Assembled in these parks for extended periods,” he said

Author: nmmin

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