The Nigerian Content Development and Monitoring Board (NCDMB) has tasked African-oil producing countries under the African Petroleum Producers Organisation (APPO) on how to use their hydrocarbon resources to migrate into renewal energy.
The Executive Secretary of NCDMB, Engr Simbi Wabote who stated this over the weekend during the maiden edition of African Local Content Roundtable held at the Nigerian Content tower in Yenagoa, Bayelsa state, explained that due to climate change, its portends that very soon, the natural resources that the continent is yet to tapped will not be useful anymore
According to him, Africa needs to start discussion on how they can use their Hydrocarbon resources to migrate into renewable energy, hence the need for the round table.
He noted that NCDMB as a leader in the development of local content in the oil and gas sector in Africa decided to bring all African oil producers together for discussion on how to explore the untapped natural resources in the continent.
He said:”I think its time for Africa to begin to come together on how to use their resources to migrate into a renewable one. The discussion is about climate change which we believe is somehow renewable and that has become topic all over the world.
“With the threat of the climate change, what it portend for Africa is that very soon the natural resources that the continent has not even tapped will not be useful anymore. Therefore we need to start the discussion on how we can use our hydrocarbons resources to migrate into a renewable energy. That is very important to us.
“We have so many African countries that have come to jaw-jaw with us to learn the strategy on how to develop local content in the hydrocarbon sector. For us we feel we are the leader in that sector, we need to bring other African countries together in order to develop the local content since for them they are just discovering hydrocarbon resources and the discussion is how to migrate into renewable energy.”
Also speaking, the Minister of State Petroleum Resources, Chief Timipre Sylva, tasked African-oil producing countries on the need to develop their local content legislations so as to optimally maximize the benefits of the oil and gas sector.
According to him, any country that aspires to achieve rapid and sustainable economic growth must put in place an economic model that enables its human capital to harness its natural resources to create wealth and economic prosperity.
The Roundtable had in attendance representatives of fifteen African oil producing country members of APPO.