Tag
NCDMB
President Bola Tinubu has approved the appointment of the State Minister of Petroleum, Sen. Heineken Lokpobiri as chairman of the Nigerian Content Development and Monitoring Board (NCDMB).
Local oil and gas operators increased from 53 in 2018 to 114 in 2023. This is according to the Nigerian Content Development and Monitoring Board (NCDMB).
NCDMB invested N46.8 billion to boost 11 gas and petrochemical companies in 2020 and 2021.
Africa’s 125 billion barrels of oil is a game-changer for Africa’s development – Heineken Lokopobiri
Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri has said that the estimated 125 billion barrels of oil in Africa is a great asset base to drive development on the continent.
The Nigerian Content Development and Monitoring Board has emerged as the most efficient and transparent government agency, according to the 2023 Half-Year EO1 Compliance Report by the Presidential Enabling Business Environment Council (PEBEC).
PENGASSAN has called to question the management system of divested oil and gas assets in the country, stating that vested interests are causing challenges in the sector.
Mr. Simbi Wabote has expressed concerns about the impact of the divestment of onshore oil and gas assets by IOCs on the federal government's tax revenues.
The MoU signed will contribute to Ease of Doing Business, as well as reduce cost and drive efficiency in Nigeria's Oil & Gas Industry. This is according to the NNPCL via its Twitter handle on Monday, September 25.
The Nigerian Government announced the launch of an Oil and Gas E-Market Place, which is expected to be a key provision of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
The local content in Nigeria's oil and gas sector has experienced a significant surge, soaring from 26% in 2017 to an impressive 54% in 2002.
The Bank of Industry and the Nigerian Content Development and Monitoring Board (NCDMB) have launched a $50 million fund for oil and gas equipment manufacturers in Lagos, Nigeria.
NCDMB also recorded 54% Nigerian content level in 2022.