Local Content

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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NCDMB, Danvic Petroleum acquire $1.2m training software for varsities

Jul 14, 2019

In its quest to boost technological advancement in Nigeria, the Nigerian Content Development Monitoring Board (NCDMB) and Danvic Petroleum International Nigeria have secured a $1.2 million, (N610 million), seismic interpretation software and geosciences workstations for six Nigerian universities as a way of boosting knowledge in oil and gas exploration in Nigeria. At an unveiling/training ceremony…

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Stakeholders seek alignment in policies, implementation for adequate local content growth

Jul 5, 2019

The Chief Executive Officer, Marine Platforms, Taofik Adegbite, has called for alignment in policies, and implementation in order to sustain the local content drive in Nigeria. This, he said, would help foreign companies to create avenues for locals to benefit from their investments in the host country. Speaking during a panel discussion at the 2019…

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Local content fund defaulters to face EFCC for prosecution

Jul 5, 2019

In the next few days, the International Oil Companies (IOCs) and their local counterparts are facing prosecution for not remitting their Nigerian Content Fund to the Nigerian Content Development and Monitoring Board (NCDMB), the Board’s Executive Secretary, Mr Simbi Wabote, has said. The NCDF is one percent of every contract awarded to any contractor, sub-contractor,…

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NCDMB disburses $160m from Nigerian Content Fund

Jul 2, 2019

The Nigerian Content Development and Monitoring Board on Monday revealed that it had so far disbursed $160m out of the $200m Nigerian Content Intervention Fund to oil companies for the development of modular refineries, and capacity building, among others. It also lambasted international oil companies operating in Nigeria for not appreciating the in-country capacities that…

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NNPC gives assurance of support for local firms

Jun 24, 2019

The Nigerian National Petroleum Corporation (NNPC) has assured that it would continue to support local companies, within the entire hydrocarbon value-chain, for the growth of the nation’s economy. The Group Managing Director of the Corporation, Dr Maikanti Baru, stated this in a statement released by the corporation in Abuja on Sunday. Baru gave the assurance…

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