Financial Energy Review
………by Ben Ndubuwa……
Nigeria’s oil and gas sector is at a critical juncture, with new opportunities emerging as the global energy landscape evolves. Amid this shift, the Federal Government is pushing to attract investment and promote local content as a key business driver. Indigenous companies are increasingly stepping up, taking on a larger role in offshore projects and expanding in-country manufacturing, while regional collaboration is also on the rise.
Engr.Felix Ogbe, NCDMB Executive Secretary
At the heart of this movement is the upcoming Practical Nigerian Content Forum, a four-day event that will take place in Bayelsa. With the theme “Defining The Next Frontier For Nigerian Content Implementation,” the forum will gather government officials, industry leaders, and key stakeholders to celebrate Nigeria’s achievements in local content while setting the course for the future.
The forum will focus on several critical issues, including the ongoing divestment of major assets from international to indigenous operators, deep offshore opportunities, and financial strategies to boost local participation. The role of indigenous companies in the global shift toward decarbonisation will also be a key point of discussion.
Participants will also explore ways to bolster in-country manufacturing and deepen local content through community engagement and cross-border initiatives, both of which are essential for sustainable growth in the sector.
As Nigeria seeks to maintain its competitiveness and foster long-term development, the contributions of indigenous companies will be pivotal, and strategic policies, technological innovation, and strong industry collaboration will be necessary to ensure a robust future for the nation’s oil and gas industry.
