Tinubu appoints four members to NCDMB governing council

President Bola Tinubu has appointed four new members to the governing council of the Nigerian Content Development and Monitoring Board (NCDMB).

In a statement on Thursday, Bayo Onanuga, special adviser to the president on information and strategy, said Tinubu approved the nominations to fill existing vacancies and strengthen the board’s capacity.

“The approved nominees are Mr. Olusegun Omosehin of the National Insurance Commission (NAICOM) and Engr. Wole Ogunsanya of the Petroleum Technology Association of Nigeria (PETAN),” he said.

“President Tinubu also endorsed the nomination of Mazi Sam Azoka Onyechi, who represents the Nigerian Content Consultative Forum (NCCF), and Barrister Owei Oyanbo from the Ministry of Petroleum Resources.

“The nominations arose from the exit of previous institutional representatives from the governing council.”

The NCDMB governing council, established under Section 69 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, comprises representatives from key institutions.

The institutions include the ministry of petroleum resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian National Petroleum Company Limited (NNPCL), the Petroleum Technology Association of Nigeria (PETAN), the Council for the Regulation of Engineering in Nigeria (COREN), the Nigerian Content Consultative Forum (NCCF), and the National Insurance Commission (NAICOM).

On March 11, the NCDMB announced it had sealed a deal to acquire 20 percent equity in a 100,000-barrel-per-day refinery project being established by African Refinery Group Limited.