Local Content

Under-utilization of LADOL free zone threatens NCDMB’s local content targets

Aug 26, 2019

Since the completion of the integration work on the Floating Production Storage Offloading (FPSO) vessel and sail-away of the facility to the deep offshore Egina oil field, the entire LADOL free zone is currently underutilised. This underutilisation not only threatens Nigerian jobs but also threatens local content provision and the commitment of the Nigeria Content…

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NCDMB seeks review of Act to expand local content to other sectors

Aug 24, 2019

Nigerian Content Development and Monitoring Board (NCDMB), may approach the National Assembly in the coming weeks, to seek review of the Local Content Act 2010, to include other sectors of the nation’s economy, especially power, construction and information and communications technology (ICT). Considering the current level of losses to foreign companies across sectors of the…

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Expatriates in Nigeria’s oil & gas sector reduced by 80% – NCDMB

Aug 22, 2019

The Executive Secretary, Nigerian Content Development and Monitoring Board, Mr Simbi Wabote, says that the number of expatriates working in the Nigerian oil and gas sector has been reduced by 80 per cent. Wabote disclosed this on Monday in Abuja at the NCDMB’s third-quarter engagement with the media, which focused on the major achievements of…

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Audit uncovers non-remittance of funds to Nigerian Content Fund by oil firms

Aug 21, 2019

The Nigerian Content Development and Monitoring Board (NCDMB) has said a forensic audit it started in November, 2018, has revealed huge amounts of non-remittance to the Nigerian Content Development Fund (NCDF) by oil, gas and service companies operating in the country. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote, who revealed this in Abuja…

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NCDMB disburses $160m from $200m Intervention Fund to indigenous firms

Aug 20, 2019

The Nigerian Content Development and Monitoring Board (NCDMB) yesterday disclosed that $160 million has been accessed by indigenous oil and gas companies in Nigeria from its $200 million Nigerian Content Intervention Fund (NCIF). The board also stated that in line with its 10-year strategic plan, it has set a target to ramp up compliance to…

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NCDMB establishes committee for Bayelsa Oil & Gas Park

Aug 15, 2019

The Nigerian Content Development and Monitoring Board has inaugurated a Community Interface Committee for the Nigerian Oil and Gas Park Scheme located in the Ogbia Local Government Area of Bayelsa State. The committee, according to a statement, was set up to enhance the interface between the communities, the contractors and the NCDMB. It said the…

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Kabelmetal explains its use of local content to expand operations capacity

Aug 14, 2019

Kabelmetal Nigeria Plc has stated that the implementation of the nation’s local content policy has aided the firm’s capacity to undertake projects that would hitherto be done abroad. The company’s Chief Executive Officer, Robert Kretschmer, attributed the giant strides of Kabelmetal to its concerns for Nigerian Content Development which is an impetus to execute any…

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Indigenous oil service firms will benefit from AfCFTA – NCDMB, MAN

Aug 5, 2019

Indigenous oil and gas service companies and manufacturing outfits that have built capacities will benefit from the Africa Continental Free Trade Area Agreement, the Nigerian Content Development and Monitoring Board and the Manufacturers Association of Nigeria have said. AfCFTA is a free trade area agreement now in its operational phase among 54 of the 55…

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NCDMB signs oil & gas park scheme contracts with firms, states

Aug 2, 2019

The Nigerian Content Development and Monitoring Board (NCDMB) has signed eight contracts for the development of ongoing Nigerian Oil and Gas Park Scheme (NOGAPS) projects in Bayelsa, Cross River and Akwa Ibom states. The beneficiary companies include O.K. Isokariari & Sons, Megastar, EST Masters, Altex, Faithplant, Erdis, and Linzo. Two of the projects will be…

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Total’s Ikike project to gulp $500m – NCDMB

Jul 17, 2019

The Nigerian Content Development and Monitoring Board, (NCDMB) has said the execution of Total Exploration and Production Nigeria’s Ikike Field Development Project would gulp at least $500 million and the project is expected to deepen Nigerian Content implementation, create huge work opportunities for local service companies and thousands of employment prospects for qualified young Nigerians.…

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