FG to sanction oil companies over law violation

The Federal Government has said it will sanction oil and gas companies that fail to comply with the Human Capacity Development provisions contained in the Nigerian Oil and Gas Industry Content Development Act.

The Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote, made this known on Wednesday while delivering a keynote address at the second edition of the virtual stakeholders workshop for Human Capacity Development in the Nigerian oil and gas industry.

Speaking on the topic, ‘Human Capacity Development: The Pillar for Nigeria’s industrialisation’, the NCDMB boss warned that the board would enforce periodic forensic audit for HCD programmes and companies found violating the NOGICD Act 2010 and the ministerial regulations in executing cost intensive Capacity Development Initiatives as mandated by the Act, would be sanctioned.

He added that the board was mandated to ensure that the industry derives maximum benefits from huge investments and also ensure beneficiaries of the HCD training programmes find gainful employment in the sector.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.