LOCAL CONTENT

The Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote, has said that the agency and the National Insurance Commission’s guidelines will help to achieve local content in the sector by 2027. A statement from NAICOM said Wabote spoke during the official launch of the NCDMB/NAICOM insurance guidelines. “This event is another step by the Board to attain 70 ...

The Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB). Engr. Simbi Wabote is set to deliver lecture on local Content at the forth coming Convocation Ceremony of the Africa’s first and only specialized petroleum university, the Federal University of Petroleum Resources (FUPRE)’, Delta State. The university’s 3rd convocation ceremonyhas been scheduled for the 17th and 18th of ...

The Federal Government has expressed firm determination to fully catalyze investments in the midstream and downstream sectors of the petroleum sector, with a view to creating employment for teeming youths and maximizing local content opportunities.The Minister of State for Petroleum Resources, Chief Timipre Sylva gave assurance on Monday when he declared open the Nigerian Content Midstream and Downstream Oil and ...

The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to host the maiden edition of the Nigerian Content Midstream/Downstream Oil and Gas Stakeholders Summit. A statement from the board said the theme of the programme would be: ”Maximising Potential in the Midstream and Downstream Oil and Gas Sector – A Local Content Perspective.” Announcing the workshop, the Executive ...

The Nigerian Content Development and Monitoring Board (NCDMB) says midstream and downstream sector lacks a coherent strategy to maximize the local content potentials of the massive investments in the country’s oil industry massive investments. The agency gave the indication ahead of its maiden edition of the Nigerian Content Midstream/Downstream Oil and Gas Stakeholders Summit, with theme, Maximizing Potentials in the ...

A Nigerian Content Intervention Fund (NCI Fund) has been created by the Nigerian Content Development and Monitoring Board (NCDMB) for Women in the oil and gas industry. According to Engr. Simbi Kesiye Wabote, Executive Secretary of NCDMB about $40 million has been set aside for for womenWabote said this on Wednesday at the Oil and Gas Trainers’ Association of Nigeria ...

The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract investments and serve as one of the leading hubs to meet global energy needs. The Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, stated this recently in a lecture he delivered at ...

The Nigeria Content Development and Monitoring Board (NCDMB) has identified divestment from hydrocarbons assets and energy shortage as two implications of energy transition with different impacts on the oil and gas industry. Executive Secretary, NCDMB, Engr. Simbi Wabote, said this on Thursday in Abuja at the 2022 Oloibiri Lecture Series and Energy Forum (OLEF). The forum with the theme: “Global ...

The Nigerian Content Development and Monitoring Board (NCDMB) and the authorities of the Senegalese Petroleum Industry agreed on Tuesday to sign a Memorandum of Understanding (MoU) to guide Nigeria’s support for the development of Local Content in Senegal. This agreement was reached during a meeting in Lagos between the Executive Secretary, Engr. Simbi Kesiye Wabote, and key officials of the ...

Nigeria Minister of State for Petroleum, Chief Timipre Sylva, Monday called on Africa countries with fossil fuel to look inward and look for alternative funding for hydrocarbon energy instead of relying on Western funding. The minister who made this declaration while delivery his keynote address at the maiden edition of the African Local Content Investment Forum held in Lagos, said ...