The Executive Secretary, NCDMB, Felix Omatsola Ogbe made the proposal on Tuesday in his presentation at the 2024 African Energy Week (AEW), holding at Cape Town, South Africa.
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He posited that dedicating a week every year for FID signing could compel companies and relevant regulators to fast-track their processes to meet the deadline. He made reference to the three Presidential Directives rolled out by President Bola Ahmed Tinubu in March 2024, for the oil and gas industry, stating that NCDMB had complied fully with the directives as it relates to fast-tracking the contracting cycle and eliminating middlemen with no demonstrable capacity from participating in the oil and gas value chain.
Some other personnel of the NCDMB made presentations at the 2024 edition of the African Energy Week on core operations and initiatives of the agency. The officials included Director of Finance and Personnel Management, Mr Ifeanyi Ukoha, the Manager, Institutional Strengthening, Mr Obongo Dokubo and the Supervisor Upstream, Bashir Ahmed.
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