LOCAL CONTENT

The federal government through the Nigerian Content Development and Monitoring Board (NCDMB) has fully disbursed the $300 million Nigerian Content Intervention Fund (NCIF) to about 53 indigenous operators in the oil and gas industry. Speaking in Abuja at the Nigerian Content Capacity Building Workshop for Media Stakeholders, General Manager of the Nigerian Contents Development Fund (NCDF), Mr Obinna Ofili, noted ...

Non remittance of the compulsory one per cent contract value of upstream contracts by oil companies is slowing down the operation of the Nigerian Content Development and Monitoring Board (NCDMB), TBI Africa has learnt. An audit report instituted by the Board revealed that many oil companies default in payment of the statutory one per cent into the Nigerian Content Development ...

TotalEnergies and its Oil Mining Lease (OML) 130 Partners have commissioned 11 projects across the six geo-political zones of Nigeria this year in an effort to actualize its Corporate Social Responsibility (CSR) vision. The projects were initiated, executed and inaugurated under Batch three projects to mitigate the gaps in qualitative and technical education, maternal and child health, access to clean ...

The Nigerian Oil and Gas Industry spent approximately $20.4billion between 2016 and 2020, particularly in key areas such as Engineering, Procurement, Fabrication, Project Management, and Services. Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, revealed this at the opening of the 10th Practical Nigerian Content Conference held at the Nigerian Content Tower in Yenagoa, Bayelsa ...

The Nigerian National Petroleum Company (NNPC) Limited yesterday urged Nigeria to look inwards for financing of major projects, as this would help to mitigate the effect of stoppage of funds from the international market The corporation said the current global gas crisis is as a result of shortage of investments in the oil sector as activists, investors, and climate change ...

The Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Simbi Wabote has described TotalEnergies as the only international operating company in Nigeria that has been taking key financial investment decisions, FIDs, on major projects in the last ten years and kept faith with Nigeria’s Oil and Gas Industry. He stated this at the load-out ceremony of the ...

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has stated that the Petroleum Industry Act (PIA) 2021 will enable the development of host communities, reduce funding pressure on Government, boost capacity development in identified skills gaps, and stimulate investment in the oil and gas industry in Nigeria. The Executive Secretary made the assertion ...

The Nigerian Content Development and Monitoring Board (NCDMB) has handed over ultra-modern Woodwork and Carpentry workshops it renovated and upgraded at the Government Technical College (GTC), Abak, Akwa Ibom State. The commissioning of the facility was performed by the Governor of Akwa Ibom State, Mr. Udom Gabriel Emmanuel, represented by the Secretary to the State Government, Dr. Emmanuel Ekuwem and ...

Any nation or sector of the economy that seeks to implement Local Content policies successfully must deploy certain programmes such as Capacity Building initiatives, Funding and Incentives and Research and Development, Gap Analysis, Regulatory Framework and Access to market. The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, identified these conditions recently in a ...

The use of Nigerian firms in the ongoing Train 7 of the Nigeria liquefied Natural Gas project saved the country $2bn, Executive Secretary, Nigerian Content Development and Monitoring Board, Mr Simbi Wabote, has said. Wabote stated this at the award of African Local Content Icon, from the African Leadership magazine, in Yenagoa. Wabote dismissed the assertion that the Nigerian content ...