Nigerian content in oil & gas to hit 70% by 2027- NCDMD 

The executive secretary of Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has said the launching of 10-year Strategy Roadmap was aimed at increasing Nigerian Content in the oil and gas industry to 70 per cent by 2027.

Wabote said this in his keynote address at the 11th Nigerian Content Forum with the theme, “Deepening the Nigerian Content Opportunity in the Decade of the Gas” in Uyo, Wednesday.

He said since the launching of the Strategic Roadmap the board was proud of the achievements realised in the last five years in spite the general and specific challenges faced across the oil and gas industry locally and globally.

“We are now midway into the 10-year Strategic Roadmap and we are back here to provide feedback on the journey so far in our quest to deepen Nigerian content in the Nigerian oil and gas industry.

“Since 2018, our objective has always been to give status report of the various initiatives to industry stakeholders using the annual PNC Forum as a key platform.

“We are proud of the achievements realised in the last five  years despite the general and specific challenges faced across the oil and gas industry locally and globally.

“It is gratifying that the push for Nigerian content as envisaged in our 10-year Strategic Roadmap has continued to yield result in the last five years.

He said Nigerian content level in the Nigerian oil and gas industry was 54 per cent based on the monitoring and evaluation of industry activities which bring the average in the last five  years to 44 per cent Nigerian content level.