The Chief Executive Officer/Managing Director, Aradel Holdings Plc, Mr. Adegbite Falade, has said adherence to local content will advance Nigeria’s oil and gas sector.
According to a statement on Monday, he spoke when senior leaders of Aradel Holdings Plc paid the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe a courtesy visit at the NCDMB office as part of efforts aimed at nurturing local expertise for the benefit of the local industry.
Falade emphasized Aradel’s strong commitment to local content, stating that from when the company commenced operations in 2005, to date, its workforce has been 100% Nigerian thereby creating tremendous value as an indigenous company.
He informed Ogbe that Aradel Holdings Plc has provided sector leadership over the years, through its numerous pioneering achievements including its Host Community Development Trust (which was the template for the Host Community Trust structure enshrined in the Petroleum Industry Act (PIA),
Other Aradel’s achievements, according to him is the Ogbele Refinery and the Gas Processing Plant (which helped it eliminate routine flaring, leading to the company being awarded the Global Gas Flare Reduction Excellence Award from the World Bank in 2015.
Falade reiterated Aradel’s support of indigenization and the Company’s history of nurturing local expertise for the benefit of the industry and the country at large.
He expressed Aradel’s complete support of the ideals of NCDMB adding that the company will continue to ensure that all its vendors possess the relevant NCDMB documentation and certification and generally adhere to the NCDMB regulations.
On its own financial obligations in respect of the 1 % NCDF levy, he assured the Executive Secretary that the company will continue to fulfil its obligations in a timely manner as has been its practice.
Falade, who congratulated Ogbe on his appointment, was joined on the visit by senior executives including Mr. Temitayo Ogunbanjo, General Manager- Refineries; Ms. Titi Omisore, Group General Counsel; Mr. Femi Olaniyan, General Manager – Engineering and Projects; Mr. Chukwuma Nkwodinmah, Manager – Contracting & Procurement, Ms. Damilola Yahaya, Technical Assistant to the CEO and Ms. Victoria Humphrey, Media Lead.
The Executive Secretary was supported by Mr. Abayomi Bamidele, Director – Project Certification; Mr. Ifeanyi Ukoha, Director – Finance & Personnel; Ms. Tari Bribena, Manager- Procurement, Mr. Mofe Megbele, Senior Technical Assistant to the Executive Secretary and Mr. Jephthah Vincent, Personal Assistant to the Executive Secretary.
Ogbe said Aradel Holdings has the support of the NCDMB, and assured the Aradel team that the Board is focused on creating an enabling environment to allow local companies to progress.
He also acknowledged the commitment, patience, integrity, and financial prudence of Aradel Holdings Plc.
He noted that the company has grown steadily through re-investment and prudent management of its resources. He called on Aradel to be open to sharing knowledge with other indigenous companies that also want to invest in modular refineries in the hope that the importation of refined products will reduce considerably in the near future as more companies produce refined products locally.
