Sat. Nov 23rd, 2024
NCDMB NCI Fund

By Modupe Gbadeyanka

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has been asked to remain in office following his impressive performance since he was appointed a few years ago.

A statement issued on Friday by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, said Mr Wabote was asked to retain the position following the recommendation by the Minister of State Petroleum Resources, Mr Timipre Sylva, to President Muhammadu Buhari.

The presidency said the Minister informed Mr Buhari of how the local content agency has contributed to the development of the oil and gas sector in the country.

Subsequently, his appointment was renewed along with others in the ministry, including Dr Bello Aliyu Gusau, who gets another nod as the Executive Secretary of Petroleum Technology Development Fund (PTDF); and Mr Ahmed Bobboi, who will remain as the Executive Secretary/Chief Executive Officer of Petroleum Equalization Fund (PEF).

Mr Wabote won his pips for managing the Nigerian Content Development Fund prudently, completing the headquarters building of NCDMB, and also initiating many landmark projects that are widely commended by industry players.

On the part of Mr Gusau, he is credited to have run the PTDF successfully in the past four years, keeping faith with the Seven Strategic Priorities he had introduced in January 2017. These are: Domestication, Cost cutting, Sustainable funding, Efficient internal processes, Linkages with the industry, Utilization of centres of excellence, and Pursuit of home-grown research.

For Mr Bobboi, his reappointment was for running PEF in a way that made it a key and strategic player in the administration’s oil and gas reforms, especially in stabilizing the supply and distribution of petroleum products across the country, among others.

By Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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