{"id":194823,"date":"2022-06-09T13:56:37","date_gmt":"2022-06-09T12:56:37","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=194823"},"modified":"2022-06-09T13:56:37","modified_gmt":"2022-06-09T12:56:37","slug":"fg-to-penalise-oil-companies-violating-regulations-on-human-capacity-development","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/06\/09\/fg-to-penalise-oil-companies-violating-regulations-on-human-capacity-development\/","title":{"rendered":"FG to penalise oil companies violating regulations on human capacity development"},"content":{"rendered":"<p>The federal government has disclosed that it will sanction oil and gas companies that fail to comply with human capacity development (HCD) provisions contained in the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010.<\/p>\n<p>This was disclosed by\u00a0<span class=\"acssf62a8\">Simbi Wabote, executive secretary, Nigerian Content Development and Monitoring Board (NCDMB) while delivering a keynote address at the second edition of the virtual stakeholders workshop for human capacity development in the Nigerian oil and gas industry.<\/span><\/p>\n<p><span class=\"acssf62a8\">Speaking on the topic, \u2018Human capacity development: The pillar for Nigeria\u2019s industrialisation\u2019, Wabote warned that the board would enforce periodic forensic audit for HCD programmes.<\/span><\/p>\n<p><span class=\"acssf62a8\">He added that companies found violating the NOGICD Act, and the ministerial regulations in executing cost-intensive capacity development <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/05\/23\/cibn-to-bankers-develop-youth-focused-initiatives-to-drive-growth\/\">initiatives<\/a> as mandated by the act, would be sanctioned.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cIt has come to the attention of the board that some operating companies and services companies are reluctant to implement the HCD programmes as directed by the board,\u201d Wabote said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cMost of the companies are testing the mettle of the board and I want to use this opportunity to inform erring companies that the board will meet appropriate sanctions to them as prescribed by the Act.\u201d<\/span><\/p>\n<p><span class=\"acssf62a8\">He added that the board was mandated to ensure that the industry derives maximum benefits from huge investments and also ensure beneficiaries of the HCD training programmes find gainful employment in the sector.<\/span><\/p>\n<p>\u201dWith the rapid advancement in technologies used in the oil and gas industry, our industry will continue to be manned by foreigners and expatriates if we do not keep pace with the spate of technological development by developing the human capabilities required for the challenges of modern industrial technologies,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal government has disclosed that it will sanction oil and gas companies that fail to comply with human capacity development (HCD) provisions contained in the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010. This was disclosed by\u00a0Simbi Wabote, executive secretary, Nigerian Content Development and Monitoring Board (NCDMB) while delivering a keynote address [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":194827,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[371,39639,9982,9679,8553],"class_list":["post-194823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-fg","tag-human-capacity-development","tag-nigerian-content-development-and-monitoring-board-ncdmb","tag-oil-and-gas-industry","tag-oil-companies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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