Nigeria Moves Oil, Gas Local Content Implementation to 54%- NCDMB

Adaobi Rhema Oguejiofot

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has disclosed that the local content implementation in Nigeria’s oil and gas sector slowly moved from 26 percent in 2017 to 54 percent in 2022.

He revealed this on Monday, during his presentation at the ongoing Nigerian Oil and Gas (NOG) Energy Week in Abuja.

Wabote promised to deliver on his mandate in reaching the target of developing the capacity of the local supply chain for effective and efficient service delivery to the oil and gas industry without compromising standards.

He also encouraged oil and gas industry players to familiarize themselves with the Nigerian Oil and Gas Industry Content Development Act (NOGIC Act), as well as the Nigerian Content Regulations.

In his own words, “stakeholders need to read and understand the NOGIC ACT and the Nigerian content regulations guiding local contend. With the current situation and doubling local provision of manpower and resources in its mainstay oil and gas industry since 2017, the Board is close to achieving its target of 70 percent by 2027.

.”NCDMB’s Strategic Roadmap focuses on enhancing local content performance within Nigeria’s oil and gas industry. The roadmap, which is currently in effect from 2017 to 2027, is structured around five pillars as outlined by the Board. These pillars include technical capability development, compliance and enforcement, enabling business environment, organization capability, and sectorial, and regional market linkage.”

According to the NCDMB Boss, in order to ensure the successful implementation of these pillars, four enablers have been identified and they include funding, regulatory environment, collaboration and stakeholders engagement, as well as research and development and these enablers all play a crucial role in supporting the achievement of the roadmap’s objectives.