By Emmanuella Anokam
The Nigerian Content Development and Monitoring Board (NCDMB), says it will host the Africa Local Content Investment Forum (ALCIF) to foster sustainable funding of Africa oil and gas projects.
The forum is scheduled to hold in Lagos on March 7.
Executive Secretary of the Board, Mr Simbi Wabote, who stated this in a statement, on Saturday in Abuja, said that energy transition agenda was posing new challenges to Africa.
Wabote said the initiative was in its quest to develop without dependence on finance, technology and manpower from other geographical locations.
He said the forum would provide a platform for African leaders in the oil and gas industry, financial sector, regulators, and regional bodies to meet and shape the industry’s future in Africa amidst energy transition realities.
He said that it would elevate Africa’s indigenous oil producers and national oil companies as the next generation of project producers involved in equity financing…
Source: News Agency of Nigeria