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 chieftain 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 said, “It has come to the attention of the board that some operating companies and services companies are reluctant to implement the HCD programmes as directed by the board. Most of the companies are testing the mettle of the board and I want to use this opportunity to inform erring companies that the board will meet appropriate sanctions to them as prescribed by the Act.”
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.