The Nigerian Content Development and Monitoring Board has commended an indigenous company, Grephil Int’l Ltd for conceptualizing and building their production factory for the manufacturing of bolts, nuts and related products.
Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote, commissioning the facility in Oyibo, Rivers State, noted that the factory was a welcome addition to the EOM ecosystem that the Board has been supporting over the years as part of our 10-year strategic roadmap.
Wabote said manufacturing locally helps to strengthen the Naira and boast the Nigerian economy.
“The only way to improve the exchange rate of the Naira and grow our economy is to encourage in-country manufacturing.”
Wabote pledged the Board’s commitment to continue to promote Local content in Nigeria, while emphasizing the need to maintain high standards.
“We will continue to promote local content in the Nigerian Oil and Gas Industry without compromising Global standards and best practices.”
The NCDMB boss who commissioned the Grephil Int’l Ltd Production Factory was flanked by its Chairman Prince Ezechukwu Gregory, and other Industry stakeholders including NCDMB’s GM Capacity Building, Dr Ama Ikuru among others.
SOURCE: sweetcrudereports.com
