Interview
Nigeria - February 15, 2021
Seyi Ajibola, CEO of Zircon Marine, talks to The Energy Year about recent advances and setbacks in the marine sector and coming opportunities in natural gas transfer…
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 - May 22, 2026
Babalola Adefarati of AfrikDelta Marine talks about readying the company for Nigeria’s next wave of offshore development.
READ MORE
Interview
Nigeria - February 04, 2026
Jagir Baxi of Esso Nigeria talks about unlocking deepwater growth in Nigeria through large-scale investment and regulatory…
READ MORE
Interview
Nigeria - December 01, 2025
Dr Kayode Thomas of Bell Oil & Gas talks about scaling Nigeria’s oilfield equipment manufacturing.
READ MORE
Partnered Event
Nigeria - February 10-12, 2026
Ten Years of Growth, Partnership, and Impact
Since its inception in 2017 as WAIPEC – the West Africa International Petroleum…
-
-
Pan-African ambitions
INTERVIEW -
-
Most popular
NEWS
Nigeria - February 02, 2021
The Nigerian National Petroleum Corporation (NNPC) has reached an FID on the USD 3-billion Brass methanol plant, to be built in Bayelsa State.
The…
READ MORE
Interview
Nigeria - January 26, 2021
Michael Dumbi Amaeshike, managing director of West African Ventures (WAV), talks to The Energy Year about positive notes in the outlook on Nigeria’s oil and gas…
READ MORE
Interview
Nigeria - January 13, 2021
Ese Avanoma, managing director of BRADE Group, talks to The Energy Year about how Nigeria is benefitting from local content and how the company is readying for a…
READ MORE
Articles
Nigeria - November 05, 2020
Nigeria finds itself at a crossroads with the unprecedented crisis where a triple challenge is posed by Covid-19, low oil prices and a supply glut. In the midst of…
READ MORE
Interview
Nigeria - June 15, 2020
Engr. Sarki Auwalu, director and CEO of Nigeria’s Department of Petroleum Resources (DPR), talks to The Energy Year about how the country is strategically…
READ MORE
Interview
Nigeria - June 09, 2020
Engr. Simbi Wabote, executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), talks to The Energy Year about the Nigerian oil and gas…
READ MORE
Interview
Nigeria - May 27, 2020
Kayode Thomas, CEO of Bell Oil & Gas, talks to The Energy Year about opportunities for local companies in the aftermath of the Covid-19 crisis and the pandemic’s…
READ MORE
Interview
Nigeria - May 20, 2020
Ese Avanoma, CEO of BRADE Group, talks to The Energy Year about how early digitalisation, innovation and diversification prepared the company to face the Covid-19…
READ MORE