Interview
Nigeria - January 27, 2023
Maxwell Oko, Eraskorp Nigeria’s group CEO and executive vice-chairman, and Florence Okoli, its group managing director, talk to The Energy Year about Eraskorp’s…
READ MORE
BACK TOCOMPANIES
Nigerian Content Development and Monitoring Board
Engr. Simbi WABOTE
Executive Secretary
NCDMB
Indigenous players must be ready to capitalise on new opportunities and fill in the gaps left behind by internationals.
Read The Full Interview
A model for successful local content
The Nigerian Content Development and Monitoring Board (NCDMB) has been instrumental in the development of Nigeria’s hydrocarbons industry and the local businesses that have flourished as a result of its efforts.
- Local expenditure: While less than 5% of oil and gas industry expenditures in Nigeria were spent locally in 2010, that figure jumped to 26% by 2017, and the NCDMB is pushing to achieve an industry spending retention rate of 70% by 2027.
- Pipe presence: Pipe facilities established with the NCDMB’s support include two world-class pipe mills with a combined capacity of 670,000 tpy and five pipe coating yards.
- Vessel ownership: As of 2020, almost 40% of marine vessels operating in Nigeria were owned by Nigerians.
Currently under the leadership of Engr. Simbi Wabote, the NCDMB was created in 2010 to increase local capacity and knowledge transfer within the oil and gas industry. It is operating under a 10-Year Strategic Roadmap lasting to 2027, by which year it expects to see an annual value retention of about USD 14 billion thanks to local content.
NCDMB in figures
Targeted local content level by 2027:70%
Targeted annual value retention by 2027:About USD 14 billion
Nigerian Content Development and Monitoring Board features
Interview
Nigeria - April 03, 2023
Oladiran Fawibe of International Energy Services Limited talks about the company’s footprint in the Nigerian market.
READ MORE
Interview
Nigeria - November 09, 2022
Eke U. Eke, CEO of SpringRock Group, talks to The Energy Year about the improving market conditions for Nigerian oil and gas production, the group’s production…
READ MORE
Interview
Nigeria - June 27, 2022
Tony Osuagwu, CEO of Calaya Engineering Services, talks to The Energy Year about the company’s footprint in the Nigerian energy industry and how technological…
READ MORE
Interview
Nigeria - March 29, 2022
Dr. Kayode Thomas, CEO of Bell Oil & Gas, talks to The Energy Year about the advantages of composite pipes over conventional ones, the company’s main expansionist…
READ MORE
Articles
Nigeria - October 15, 2021
Nigeria’s refining sector is being revamped to meet increased demand and curtail the large amounts the country spends on importing refined products. To do this, the…
READ MORE
Interview
Nigeria - September 14, 2021
Iroghama Ogbeifun, managing director and CEO of Starzs Investments Company, talks to The Energy Year about challenges facing Nigeria’s maritime sector and the…
READ MORE
Interview
Nigeria - September 13, 2021
Chibuike Achigbu, managing director of Chimons Gas, talks to The Energy Year about the evolution of the LPG market in Nigeria and the role the company plans to play in…
READ MORE
Interview
Nigeria - August 03, 2021
Maxwell Oko, executive vice-chairman of Eraskorp, talks to The Energy Year about how the company is leveraging Nigeria’s gas transition with its proposed integrated…
READ MORE
Interview
Nigeria - July 21, 2021
Akintoye Akindele, CEO of Duport Midstream Company, talks to The Energy Year about the company’s energy park development and the market gaps this model will fill.…
READ MORE