The Executive Secretary of the Nigerian Content Development and Monitoring Board, (NCDMB) Engr. Simbi Wabote, on Monday commissioned the Compact Manifold & Energy Services Limited, (CMES) Flanges and Fittings Limited, (CFFL) in Benin City, Edo State.
CMES is an indigenous oilfield service company that provides services to the oil and gas industry including engineering, procurement, construction, fabrication and installation both onshore and offshore.
In his keynote address, Engr. Wabote expressed delight for the formal operational commissioning of the manufacturing facility dedicated to in-country production of flanges and fittings and also commended the Managing Director, Mr. Olufemi Osunde for his doggedness in establishing the facility and positioning as a dynamic oil and gas service provider committted to providing outstanding services to address operational challenges facing operators in diverse sectors of the economy, most especially the oil and gas industry.
The Executive Secretary asserted that the manufacturing sector is the backbone of industrialization across many fast developing countries as it is important in providing jobs and lifting people out of poverty. Hence, his interest in the implementation of policies that support the sustenance of existing manufacturing outfits or creation of new ones such as this.
He commended the management of the company on its human capacity development initiative by training fifty young indigenous graduates in the area of machines operation to produce flanges, valves and fittings with a projection targeted to increase the number of employees to two hundred in the next five years.
The Nigerian Content chieftain observed particularly with interest that CMES has taken a bold step to venture into the manufacturing of vital components to international best practice in its production processes. On the choice of location of CMES in Benin City, he remarked that the state will derive benefits from these investments in the immediate and the near future, and expressed his appreciation to the Edo State Government for providing the enabling environment for businesses to thrive.
In his opening remarks, the Managing Director of the company, Mr. Olufemi Osunde stated that the newly inaugurated oil and gas service provider is dedicated to provide innovative services to address the operational challenges facing operators in the oil and gas industry.
Mr. Osunde acknowledged the seeming challenges inherent in establishing the company in Nigeria as most flanges, valves and fittings conglomerates in America refused to partner CMES.
He affirmed that with the birthing of CMES in Nigeria, billions of dollars will be saved in revenue to the nation as the company will close the gap in the value chain that exist in the importation of these critical segment in the oil and gas sector.
In his goodwill message at the commissioning ceremony, the Governor of Edo State, Mr. Godwin Obaseki, who was represented by the Commissioner for Physical Planning and Urban Development, Dr. Edorodion Erimona expressed delight at the commissioning of the oil and gas facility, which according to him, is in line with the vision of his administration in terms of job creation and manufacturing industry in the oil and gas sector.
The Governor revealed that the state is well positioned within the oil bearing areas of the country to have a facility of this type commissioned, which will increase activities of oil and gas operations in the area and further improve the nation’s economy through job creation for the teeming youths in the area.
Gov. Obaseki also commended the management of the company and encouraged that the country through the NCDMB should ensure the sustenance of the company and pledged the support of the state government to enable businesses such as CMES achieve its objectives.
Highlights of the commissioning ceremony was the cutting of the tape to formally unveil the ultramodern factory and a guided tour of the facilities by the Executive Secretary and other invited guests among who were the representative of the Edo State Governor and Commissioner for Physical Planning and Urban Development, Dr. Edorodion Erimona, a royal father, Chief Osaruyi Ogida, the Ogida of Evbogida, Hajia Iman Suleiman Ibrahim, the academia represented by faculty members of Engineering, and Centre for Vocational & Technical Education of the University of Benin, amongst others.