Pin It
Wednesday 17th July 2019,
Hope for Nigeria

Kachikwu endorses joint approval desk for oil industry projects

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian National Petroleum Corporation (NNPC) will have a joint approval desk for projects in the oil sector, the Minister of Petroleum Resources, Ibe Kachikwu, has said.

The Minister, who disclosed this during a meeting with the management of NCDMB in Bayelsa State, explained that joint review and approval of oil industry projects and contracts are aimed at meeting the six months target contract approval cycle time, thereby reducing the cost of crude oil production.

He added: “If you look at the cost components we are driving down; from $28 per barrel, it is now $23, and we are targeting $15. We can’t achieve that if our bureaucracy is slow.”

The Minister commended NCDMB for adopting the use of Service Level Agreements (SLAs) with its key stakeholders, promising to ensure that other agencies within the Ministry of Petroleum Resources adopt the initiative, to drive efficiency.

If you enjoyed this article FEEL Free to TIP Hope for Nigeria Online:

Any Amount Welcome 🙂


Do you have story and would like it to be published on Hope for Nigeria? or want to Place Adverts on the Website, If yes email us at

Sign Up to Get Regular News Articles & Updates
An Opportunity for Regular Information Straight to Your INBOX

Simply enter your full name and email address below

Like this Article? Share it!

Leave A Response