The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its steadfast commitment to the African Petroleum Producers Organisation (APPO) and its new flagship financial arm, the Africa Energy Bank (AEB).
NCDMB’s Executive Secretary, Engr. Felix Omatsola Ogbe, delivered this pledge during a courtesy visit on Thursday by APPO’s new Secretary General, H.E. Farid Ghezali, accompanied by senior officials Mr. Bakary Traore and Mr. Tchananti Sahguir, at the Board’s Abuja liaison office.
The visit followed Nigeria’s handover of the fully equipped AEB office on Monday, setting the stage for its official launch by APPO and Afreximbank, the bank’s co-owners.
Engr. Ogbe emphasized NCDMB’s full support for both organizations, stressing that their success is vital to the future of Africa’s oil and gas sector.
"The NCDMB stands ready to provide operational support for the bank’s launch, in full alignment with the directives of President Bola Ahmed Tinubu and the Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri," he noted in a press release signed by Obinna Ezeobi, PhD, GM, Corporate Communications Division of the NCDMB.
The press statement also noted that the APPO Secretary General who, assumed office in January 2026, sought the continued support of NCDMB to actualise APPO’s operations, recalling the long standing relationship between the institutions. While outlining plans for improved transparency in the association’s operations, he advocated for timely financial contributions from member countries, recruitment of new members, and an expected increase in subscriptions.
He announced that Mauritania is anticipated to join APPO soon, further strengthening the organization's continental reach.
H.E. Farid Ghezali emphasized the critical need for a transparent selection process of the Governing Board of the Africa Energy Bank, as well as structure and governance process, ensuring all APPO member countries remain equally informed of developments in the bank.
He underscored the importance of rigorous Know Your Customer (KYC) and credibility requirements to build a credible and inclusive institution.
Discussions at the meeting also explored innovative capacity-building measures. H.E. Ghezali proposed developing an interactive platform to showcase African-certified companies in key specialties, while recommending the leveraging of NCDMB’s renowned Nigerian Content Academy for training and skill development across member states.
Both sides agreed on the need for equitable distribution of project benefits, harmonization of codes and regulations, technical assistance, knowledge sharing, honest collaboration, and the promotion of regional markets, particularly in West Africa, under the African Continental Free Trade Area (AfCFTA) framework.
Key decisions included launching the interactive local content platform in the first half of 2026, prioritizing financial discipline, circulating relevant roadmaps to stakeholders, following up on outstanding contributions, and providing operational support for the launch.
Engr. Ogbe requested that APPO circulate the detailed roadmap, implementation timeline, and an update on the financial position, while scheduling a follow-up meeting to track progress.
The meeting concluded on a positive note, with all parties renewing their commitment to transparency, genuine collaboration, the statement stated.
It also added that the engagement underscores NCDMB's pivotal role in advancing Africa's energy agenda through strategic partnerships like the AEB, which aims to mobilize significant financing for oil, gas, and energy projects, addressing historical funding gaps and promoting sustainable development across the continent.
0 comments:
Post a Comment