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9 clusters · 23 sources · 53 days · First seen · Last updated

NCDMB local content and industrialization initiatives

Overview

The Nigerian Content Development and Monitoring Board (NCDMB) continues to advance its goal of 70 percent local content participation by 2027 through technical training and professional capacity building. Recent technical initiatives include a 12-month program at Nigeria Machine Tools Limited in Osun State, conducted with Renaissance Africa Energy Company Limited, providing 60 Nigerians with specialized training in engineering design, CAD, CAM, and maintenance. Additionally, the NCDMB partnered with Tommorow Africa Limited to complete a training program for 200 youths in Abia and Akwa Ibom States, focusing on entrepreneurial skills within the oil and gas value chain.

To bolster industrialization, the NCDMB is actively seeking to attract over 100 Chinese Original Equipment Manufacturers (OEMs) to invest in Nigeria. During the 15th China Shale Oil and Gas Summit, representatives highlighted the Nigerian Oil and Gas Park Scheme (NOGaPS) as a primary venue for assembly and manufacturing operations to facilitate technology transfer. This aligns with ongoing efforts to implement industry recommendations for the domestic manufacturing of critical components, such as pumps, valves, flanges, and metering solutions, to reduce reliance on imports.

To support these objectives, the Board leverages the Nigerian Content Intervention Fund, which has distributed over US$400 million to more than 130 indigenous companies. The NCDMB also emphasizes ‘Project 100’, an initiative designed to support high-potential indigenous firms through capacity development and improved market access to increase their global competitiveness.

Entities

Nigerian Content Development and Monitoring Board · Nigeria · Felix Omatsola Ogbe · Nigeria Machine Tools Limited · Renaissance Africa Energy Company Limited

Timeline

  1. [BUSINESS] 3 sources
    Nigeria targets 70% local content in oil and gas sector by 2027

    President Bola Tinubu is urging international oil companies to increase domestic contracting as Nigeria targets 70% local content in its oil and gas sector by 2027.

  2. [BUSINESS] 4 sources
    NCDMB initiates plan to boost local oil and gas equipment manufacturing

    The NCDMB is implementing a strategy to manufacture critical oil and gas equipment locally in Nigeria, aiming to reduce imports and empower indigenous enterprises.

  3. [BUSINESS] 5 sources
    Nigeria expands local content in oil and gas sector

    Nigeria is advancing local content in its energy sector through Dangote Refinery’s push for indigenous engineers and a new 12-month technical training program for 60 specialists.

  4. [BUSINESS] 4 sources
    NCDMB conducts leadership and media capacity building workshops

    The Nigerian Content Development and Monitoring Board is conducting training programs for public and private sector staff and media stakeholders to promote local content and leadership skills.

  5. [BUSINESS] 3 sources
    NCDMB launches technical training and pushes for higher local content in Nigeria

    The NCDMB has launched a 12-month technical training program for 60 Nigerians and is pushing to increase local content participation in the oil and gas sector to 70 percent by 2027.

  6. [BUSINESS] 7 sources
    NCDMB seeks to boost indigenous participation in Nigeria's energy sector

    The NCDMB is pushing for greater asset and financial access for indigenous Nigerian oil and gas companies, aiming to reach 70 percent local content participation by 2027.

  7. [BUSINESS] 2 sources
    NCDMB seeks Chinese manufacturing investment for Nigeria oil and gas sector

    The NCDMB is engaging over 100 Chinese manufacturers to move beyond trade and toward local production, technology transfer, and investment in Nigeria’s oil and gas industry.

  8. [BUSINESS] 2 sources
    NCDMB and Tommorow Africa train 200 youths in oil and gas

    The NCDMB and Tommorow Africa Limited trained 200 youths in Abia and Akwa Ibom states to boost local participation and entrepreneurship within Nigeria’s oil and gas sector.

  9. [BUSINESS] 2 sources
    NCDMB promotes African industrial growth at Africa Oil Week 2026

    The NCDMB participated in Africa Oil Week 2026 in Ghana, advocating for African industrialization through enhanced local content frameworks and cross-border capacity building in the energy sector.

Sources

blueprint.ng · citybusinessnews.com · dailytrust.com.ng · dmarketforces.com · ecofinagency.com · energyfocusreport.com · energytimesng.com · environewsnigeria.com · europesays.com · gatmash.com · naijanews.com · newtelegraphng.com · orientalnewsng.com · phmundial.com · premiumtimesng.com · punchng.com · radarr.africa · realnewsmagazine.net · theabujainquirer.com · thetidenewsonline.com · thewhistler.ng · thisdaylive.com · von.gov.ng

This summary has been updated 8 times: see revision history