Monday, 11 February 2013

Oil producing states to get industrial parks

by Hamisu Muhammad
The Governing Council of the Nigerian Content Development and Monitoring Board has endorsed new initiatives to establish industrial parks in each oil producing state in partnership with the state governments.
This will stimulate the participation of the communities in the local supply chain and provide a direct platform for collaboration with original equipment manufacturers who are now required to manufacture a minimum proportion of components in Nigeria.
Speaking on behalf of the board, the Executive Secretary of NCDMB, Engineer Ernest Nwapa explained that the Board will collaborate with major operators, service companies and the relevant state governments to build industrial parks which will support operations of the industry and help achieve service efficiency through shared services.
Other benefits of the industrial park concept include the reduction of start-up investment cost for new business, stakeholders’ collaboration and industry commitment to utilize manufactured products from industrial parks.
He said: “The parks will host manufacturing activities driven by the Oil and Gas industry demand but will certainly service other sectors of the economy as they grow organically into integrated industrial zones.
“The start-up product slate will include steel pipes & allied fittings, switch gears , panels, skids, pipe racks and brackets, Environmental protection equipment, chemicals, industrial gases, computers, telecom and other ICT equipment components, Furniture,  LPG cylinders, Bolts & Nuts, Drilling fluids.”
DailyTrust

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