Tinubu reconstitutes NCDMB, privatisation council
The governing board and management of the Nigerian Content Development and Monitoring Board (NCDMB) has been reconstituted.
The Presidency said four new representatives have also been appointed as members of the National Council on Privatization (NCP).
In the new appointments, the Minister of State for Petroleum Resources, Heineken Lokpobiri, was names as the Chairman of the NCDMB, while Felix Omatsola Ogbe would take over from Simbi Wabote as the Executive Secretary.
Wabote who was appointed to office since September 2016, was reappointed in September 2020 for a second term.
The reconstituted Governing Council and Management team of the Board NCDMB includes key industry experts as the Executive Vice Chairman Upstream of the NNPC Limited, Oritsemyiwa Eyesan, and the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC); the Commissioner of Insurance, National Insurance Commission (NAICOM), Olorundare Sunday Thomas; Bekearedebo Augusta Warren, Nicolas Odinuwe, Rapheal Samuel and Sadiq Abubakar.
In approving the appointments, the statement said President Tinubu said the decision was in accordance with the Nigerian Oil and Gas Industry Content Development Act (2010), which emphasises the administration’s commitment to promoting indigenous content participation in the energy industry.
Tinubu expressed optimism that the appointed members would leverage their expertise to contribute significantly to achieving the administration’s goal of attaining a 70% indigenous content participation in the energy industry.
Similarly, the four new representatives of the private sector in the privatisation Council include Oluwole Osin for the South-West; Mohammed Mustapha Bintube for North-East; Olayiwola Yahaya for North-Central, and Akwa Effion Okon for South-South.
Tinubu charges the new appointees to deploy the best of their private sector experience to ensure Nigerians received the best value and impact from investments made on their behalf.