Valuechain Magazine Awards late Barkindo Ex SG OPEC, others at 5th edition Annual Lecture

Published By Matthew Atungwu On Jul 25, 2022

Valuechain Magazine Awards late Barkindo Ex SG OPEC, others at 5th edition Annual Lecture

By Ahmed Ahmed

The Valuechain Magazine, Africa’s leading energy magazine to award a posthumous lifetime achievement Award on HE. Dr. Mohammad Sanusi Barkindo, former Secretary General OPEC at its 5th edition Annual Lecture in Abuja.

This is contained in a statement signed by the Chief Host of the event and Publisher/Editor-in-Chief, Valuechain Group, Musa Bashir Usman, made available to Journalists on Saturday in Bauchi

He said the 5th edition of the Valuechain Annual Lecture and Awards is set to hold on Monday July 25, 2022 beginning from 9:30am at Fraser Suites, Abuja.

“Some notable individuals and organizations will also be honored with awards for their contributions to the development of the oil and gas industry in Nigeria.

“The award categories and recipients are: Best Innovative Thinker of the Year, Mrs. Elohor Aiboni Managing Director SNEPCo;

“Most Reliable E&P Company of the Year, ND Western; Outstanding Female Executive of the Year Mrs. Aisha Farida Katagum GED, CS, NNPC Ltd.;

“Most Impactful Association of the Year, Women in Energy Network (WEIN); Torchbearers of the Transition Fuel, Nigerian Gas Association; Life Time Achievement Award Chief Ladi Jadesimi Chairman, NDEP Ltd.

According to him, the event is to organize by MBdotCOM Media Associates, the publishers of one of Africa’s leading energy magazines, The Valuechain,

“The theme for this year’s lecture is: “The impact of Nigerian Content Law: Taking a Cue from the Successes in the Nigerian Oil & Gas Industry.” he said.

Bashir Usman said the event would be graced by the Vice President, Federal Republic of Nigeria Prof. Yemi Osinbajo, GCON as Special Guest of Honor

“Will also have in attendance, the Minister of State for Petroleum Resources, His Excellency Chief Timipre Sylva as Special Guest and the Chairman NNPC Ltd Board Sen. Margery Chuba Okadigbo who will serve as Chairman of the occasion.

Other dignitaries are: Royal Father of the Day, HRH Alh. Aminu Ado Bayero, the Emir of Kano who also serves as Chairman of the Valuechain Editorial Advisory Council; NNPC Ltd. CEO, Mallam Mele Kyari who is the Keynote Speaker and the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) as Speaker.

Bashir said that the achievements recorded in the oil and gas industry through the implementation of the Nigerian Oil and Gas Industry Content Development Act (NOGICD) 2010 has made it imperative for the Act to be extended to other key sectors of the economy

According to him, there is no doubt that the NOGICD Act, years after its enactment, has brought about significant gains in the nation’s local content drive in the oil and gas sector as thousands of direct jobs have been created just as the Nigerian economy now retains yearly, more than US$8 billion in-country from the annual oil industry spend of $20 billion. These improvements,

He said, were recorded because of the development of critical capacities and assets by local oil and gas service companies and increased domiciliation and domestication of industry operations.

He identified the automotive, real estate/construction, power and ICT as sectors that must take a cue from the Local Content Act championed by NCDMB, as these industries (automotive, power, construction and ICT) could be key drivers of the federal government’s diversification programme for increased revenue earnings to fund annual budgets and develop critical infrastructure.

He said: “In advocating for extension of local content to other key economic sectors, some of the key questions and posers we expect this lecture will resolve are whether we need a new law similar to the NOGICD Act for these sectors or whether we strongly believe that there is no need to create multiple regulators of local content in Nigeria but modify NCDMB’s template to suit other sectors.

“We hope that stakeholders will use the event to galvanize multi sectoral support for NCDMB’s advocacy for the extension of the Nigerian Content Act to other critical sectors, including power, construction and ICT towards securing the buy-in of the National Assembly to reconsider the process for amendment of the Act to cover other sectors of the economy.”

The publisher announced that a Panel Session which will be moderated by veteran broadcaster and …Mrs. Omotayo Omotosho, MFR – will feature the ES of NCDMB Engr. Simbi K. Wabote,

The DG, National Automotive Design and Development Council (NADDC) Mr. Jelani Aliyu, MFR, Engr. President, Manufacturers Association of Nigeria (MAN) Mansur Ahmed and DG, National Information Technology Development Agency (NITDA) Mr. Kashifu Inuwa Abdullahi.

The Valuechain Annual Lecture and Awards has since inception provided a formidable platform for the Nation’s oil and gas decision makers and stakeholders to deliberate policy announcements, explore partnership opportunities and discuss the strategies that will drive the nation towards economic prosperity.

Valuechain Magazine Awards late Barkindo Ex SG OPEC, others at 5th edition Annual Lecture