The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday executed the construction contract with Julius Berger PLC for the Oloibiri Museum and Research Centre (OMRC), Otuabagi, Bayelsa State.
The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe executed the contract at the Board’s liaison office in Abuja.
The Oloibiri Museum and Research Centre (OMRC) is being developed by the Petroleum Development Technology Fund (PTDF), NCDMB, Shell Petroleum Development Company/Nigerian National Petroleum Company Ltd and the Bayelsa State Government, in the ratio of 40:30:20 and 10 respectively.
The project is registered by guarantee, with the four organisations serving as partners. The contract agreement has been approved by the partners and signed by Julius Berger PLC prior to today.
The Executive Secretary of NCDMB serves as the chairman of the registered company, hence he signed the contract on behalf of the partners, with the Director Legal Services, NCDMB, Mr. Naboth Onyesoh, Esq serving as the Secretary of the company.
The Federal Executive Council had awarded the contract for the Engineering, Procurement and Construction scope of the OMRC to Julius Berger at the sum of N117billion.
The groundbreaking of the OMRC was performed in February 2023, a colorful ceremony attended by leading government officials and oil and gas stakeholders.
Engr. Felix Omatsola Ogbe expressed delight on the execution of the contract, which marked the commencement of construction activities. He noted that the project will catalyze immense economic benefits for the Bayelsa and the national economy during the construction and operation stages.He thanked the partners of the project and other stakeholders who contributed to the success of the project to date.
