Wabote: More work to be done for local content development

The Executive Secretary of the Nigerian Content Development and Monitoring Board, Mr. Simbi Wabote, recently shared insights on the progress and challenges facing local content development in Nigeria. In an exclusive interview with CNBC Africa's Akin Obakeye at the Practical Nigerian Content Development and Monitoring Board's office in Gwendolyn, Nigeria, Wabote highlighted the need for continuous effort and collaboration to further enhance the local content landscape in the country. One of the key points raised by Wabote was the importance of sustaining local content policies and frameworks. He emphasized that while significant strides have been made in promoting indigenous participation in the oil and gas sector, there is still more work to be done to ensure the long-term success and sustainability of these efforts. Wabote praised the government's commitment to supporting local content initiatives but stressed the need for continuous review and improvement of existing policies to address emerging challenges. Additionally, Wabote discussed the role of technology and innovation in driving local content development. He underscored the importance of leveraging digital solutions and advanced technologies to enhance efficiency, transparency, and accountability in the industry. By harnessing the power of innovation, Wabote believes that Nigeria can further strengthen its position as a hub for local content excellence in the region. Moreover, Wabote touched upon the significance of capacity building and skills development in empowering local talents. He emphasized the need for strategic investments in education and training programs to equip Nigerian professionals with the necessary expertise and capabilities to compete in the global market. By fostering a culture of continuous learning and upskilling, Wabote envisions a future where Nigeria's workforce is well-prepared to take on the challenges and opportunities of the evolving business landscape. In conclusion, Wabote reiterated the importance of collaboration among stakeholders in driving local content development forward. He called for greater synergy between government, industry players, and local communities to foster a conducive environment for growth and innovation. As Nigeria continues its journey towards achieving greater economic self-sufficiency and industrialization, Wabote's vision for a robust and dynamic local content ecosystem serves as a guiding light for the nation's development aspirations.