MARINE VESSEL OWNERS TO SUBMIT NIGERIAN CONTENT PLAN

Marine Vessel Owners to Submit Nigerian Content Plan

The Nigerian Content Development and Monitoring Board (NCDMB) during the load-out ceremony of Chevron Nigeria Limited’s - Gas Gathering Compression Platform (GGCP) and Non-Associated Wellhead Platform (NWP) at the weekend, has notified that prospective owners of marine vessels and Nigerian investors that wish to buy new marine vessels will be required to submit their Nigerian Content plan, with effect from January 2015.

The Executive Secretary of the NCDMB, Mr. Ernest Nwapa speaking in Lagos at the weekend said the submission of an NC Plan was part of the steps being taken to ensure that certain components of marine vessels that will operate in Nigeria are fabricated within the country. He further mentioned that the submission of the Nigerian Content plan by the prospective vessel owners would help the NCDMB to determine the component of the new vessel that would be fabricated in Nigeria and the ones to be fabricated in foreign yards.
“If you don’t submit the Nigerian Content plan and you go and build your new vessel in Korea or India and come back to Nigeria, it will not work in Nigeria,”

Mr. Ernest Nwapa shared the fact that Government is insisting on Nigerians owning marine vessels and further questioned why vessels cannot be fabricated in Nigeria. If you want to buy marine vessels that will work in this country, you have to submit a Nigerian Content plan to the NCDMB,” he explained.