Local Content

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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NCDMB acquires equity in Azikel Petroleum’s 12,000bpd modular refinery

Jun 20, 2019

The Nigerian Content Development and Monitoring Board says it has acquired equity in the 12,000 barrels per day modular refinery being constructed by Azikel Petroleum Limited in Bayelsa State. The NCDMB said in a statement that when completed and operational in 2021, the refinery would produce about 1.3 million litres of petrol as well as…

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Indigenous meter firm pledges to help MAPs with local content requirements

Jun 10, 2019

Indigenous meter asset provider, Armese Power Solutions, has pledged its capacity to help Meter Asset Providers (MAP) newly engaged by the 11 distribution companies (DisCos) meet local content requirements for meter rollout in line with the Federal Government’s MAP regulation. The regulation specifies a mandatory local content threshold, which requires MAPs to source a minimum…

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NCDMB begins phase 2 of Bayelsa Oil & Gas Park

Jun 5, 2019

The Nigerian Content Development and Monitoring Board (NCDMB) has launched the start of phase 2 of the construction of the Nigerian Oil and Gas Parks Scheme (NOGAPS) in Emeyal-1, Ogbialand in Bayelsa State. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote announced this in Yenagoa, Bayelsa State during a townhall meeting with community stakeholders…

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Nigeria content Act misses 4 reviews as experts, operators call for clarity

May 28, 2019

Nigerian Oil and Gas Industry Content Development Act has missed its recommended bi-annual review four times the first of which was due in 2012 and experts say there is urgent need to re-align provisions of the law with current realities. At a roundtable recently organised by Ernst & Young, a global leader in assurance, tax,…

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Dangote Refinery awards $368m contracts to indigenous firms

May 14, 2019

Dangote Refinery and Petrochemical has so far awarded $368 million worth of contracts to 120 local contractors as part of its contribution to Nigeria’s content development initiative. Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, made this disclosure during the tour of Dangote Refinery by members of Nigerian…

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