From Premium Times Nigeria · Press Release · · 2m
NCDMB pushes for greater access to assets
Nigerian Content Development Board seeks to boost local energy firms' global competitiveness through asset access.
In brief
Nigerian Content Development Board seeks to boost local energy firms' global competitiveness through asset access. NCDMB calls for indigenous oil and gas companies to strengthen capacity and competitiveness to thrive internationally by 2027. Originally reported by Premium Times Nigeria.
NCDMB calls for indigenous energy firms
The Nigerian Content Development and Monitoring Board has called on indigenous oil and gas companies to strengthen their capacity and competitiveness in order to thrive in international markets.
Critical drivers for growth
The Board identified access to assets, financing, technology, and markets as critical drivers of sustainable growth.
2026 Energy Conference
Dr Obinna Ezeobi spoke at the 2026 Energy Conference of the Association of Energy Correspondents of Nigeria held on 8 October at Eko Hotel and Suites, Lagos.
NOGICD Act objectives
The conference theme resonates with the Nigerian Oil and Gas Industry Content Development Act designed to create meaningful opportunities for Nigerians to participate and excel in the industry.
10-Year Strategic Roadmap
The Nigerian Content 10-Year Strategic Roadmap launched in 2017 aims to raise local content participation to 70 percent by 2027.
Nigerian Content Intervention Fund
Over 130 indigenous companies accessed more than US$400 million through the Nigerian Content Intervention Fund.
Project 100 initiative
Project 100 supports high-potential indigenous companies through capacity development, market access, financial linkages, and tailored business support.
Nigerian Content Equipment Certification
The Nigerian Content Equipment Certification and Nigerian Oil and Gas Parks Scheme aim to deepen local participation and strengthen competitiveness.
Nigerian content growth
Nigerian content in the oil and gas industry grew from 5 percent in 2010 to 61 percent after 16 years of implementing the Nigerian Content Act.
Next phase focus
The Board stresses that indigenous companies need skills, technology, and business systems to compete globally.
NAEC Chairman call
NAEC Chairman Ugo Amadi called for expanded opportunities for indigenous companies to acquire and develop oil and gas assets.
PETAN Chairman view
PETAN Chairman Wole Ogunsanya underscored the need for consolidation and stronger collaboration among indigenous oilfield service companies.
Sahara Power view
Sahara Power Enterprise Group emphasized that access to ideas, mentors, capital, and partnerships is more important than physical assets.
Gas Minister's vision
Minister of State for Petroleum Resources Rt. Hon. Obongemem Ekperikpe Ekpo stressed Nigeria must move beyond mere ownership of gas resources to their development and conversion into economic value.
What to remember
NCDMB calls for indigenous oil and gas companies to strengthen capacity and competitiveness to thrive internationally by 2027.
