The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has disclosed that local content in Nigeria’s oil and gas sector grew from 26 per cent in 2017 to 54 per cent in 2022.
He made this known on Monday during his presentation at the opening ceremony of the Nigerian Oil and Gas Energy Week in Abuja.
In his presentation at a seminar with the theme: “Nigerian Content’s Role in Achieving Energy Security”, Wabote said that in the last five years when NCDMB started implementing the Strategic Roadmap, it had more than doubled the level of Nigerian content in the oil and gas industry.
The Executive Secretary, who expressed happiness at the remarkable progress made in promoting indigenous participation in the industry, promised to deliver on his mandate in reaching the target of developing the capacity of the local supply chain for effective and efficient service delivery to the oil and gas industry without compromising standards.
Wabote also encouraged oil and gas industry players to familiarise themselves with the Nigerian Oil and Gas Industry Content Development Act (NOGIC Act) as well as the Nigerian Content Regulations.
