Wednesday, July 23, 2025
  • REPORT A STORY
  • PRIVACY
  • CONTACT US
WITHIN NIGERIA - NEWS PICKS
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS
No Result
View All Result
WITHIN NIGERIA - NEWS PICKS
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
  • ENTERTAINMENT
  • MORE

FG to penalise oil companies violating regulations on human capacity development

Sodiq Lawal Chocomilo by Sodiq Lawal Chocomilo
June 9, 2022
in National
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter

The federal government has disclosed that it will sanction oil and gas companies that fail to comply with human capacity development (HCD) provisions contained in the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010.

This was disclosed by Simbi Wabote, executive secretary, Nigerian Content Development and Monitoring Board (NCDMB) 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’, Wabote warned that the board would enforce periodic forensic audit for HCD programmes.

He added that companies found violating the NOGICD Act, and the ministerial regulations in executing cost-intensive capacity development initiatives as mandated by the act, would be sanctioned.

READ ALSO

I may run for president in 2027 – Datti Baba-Ahmed

Wike lied, I wasn’t paid N4bn monthly by NDDC – Amaechi’s wife

Senate approves Tinubu’s request to borrow $21bn

Why Peter Obi must seek permission from Gov Okpebholo before visiting Edo – Wike

“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,” Wabote said.

“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.

”With the rapid advancement in technologies used in the oil and gas industry, our industry will continue to be manned by foreigners and expatriates if we do not keep pace with the spate of technological development by developing the human capabilities required for the challenges of modern industrial technologies,” he said.

POPULAR TODAY

    • All
    • National
    • Local News
    • Politics
    • World News
    • Sports
    • XTRA

    BREAKING: Nigeria edge South Africa to reach WAFCON final

    July 22, 2025

    Why Peter Obi must seek permission from Gov Okpebholo before visiting Edo – Wike

    July 22, 2025

    Court grants FG ownership of $222k digital assets traced to Chinese fraud syndicate

    July 22, 2025

    Gov Adeleke stays, Tinubu gets nod — Osun PDP declares stand on 2027 polls

    July 22, 2025

    Discussion about this post

    ADVERTISEMENT
    NEWS PICKS — WITHIN NIGERIA

    WITHIN NIGERIA MEDIA LTD.

    NEWS, MULTI MEDIA

    WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

    Follow us on social media:

    CORPORATE LINKS

    • About
    • Contacts
    • Report a story
    • Advertisement
    • Content Policy
    • Privacy Policy
    • Terms
     
    • Fact-Checking Policy
    • Ethics Policy
    • Corrections Policy
    • REPORT A STORY
    • PRIVACY
    • CONTACT US

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • HOME
    • FEATURES
    • NEWS PICKS
      • BREAKING
      • National
      • Local News
      • Politics
      • Diaspora
      • Business
      • Education
      • Sports
      • World News
        • Africa
        • U.S
        • Asia
        • Europe
      • XTRA
    • ENTERTAINMENT
    • MORE
      • GIST
      • ARTICLES
      • VIDEOS

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName