NCDMB lists drivers to next frontier local content implementation

Nigeria's quest for local content implementation in the oil and gas industry has been a focal point in recent years. The Nigeria Content Development and Monitoring Board (NCDMB) has been relentless in its efforts to drive local participation, capacity building, and community engagement to achieve a significant improvement in local content performance. In a recent interview with CNBC Africa, the agency's General Manager, Esueme Dan Kikile, shed light on the strategies and initiatives aimed at taking Nigerian content implementation to the next level. With an emphasis on empowering local contractors, building capacity, and integrating communities into the value chain, the NCDMB is laying the groundwork for a more sustainable and inclusive industry. One of the key objectives outlined by the agency is the full integration of local communities into the oil and gas value chain. By supporting local community contractors through initiatives like the Community Contractors Financing Scheme in partnership with the Bank of Industry, the NCDMB aims to address the funding challenges faced by these contractors and boost economic activities in rural areas. Additionally, the introduction of the Nigerian Content Academy underscores the agency's commitment to enhancing the skills and knowledge of industry stakeholders to align with Nigerian content objectives. Capacity building remains a cornerstone of the NCDMB's approach to driving local content implementation. By equipping individuals and organizations with the requisite skills and understanding of Nigerian content requirements, the agency aims to promote local production, manufacturing, and service substitution within the industry. Looking ahead to 2025, the NCDMB anticipates significant opportunities for Nigerian companies in the oil and gas sector. With recent policy directives emphasizing local content and the removal of fuel subsidies, the industry landscape is evolving to create avenues for both international and indigenous players to contribute actively. The segmentation of the market offers a level playing field for all stakeholders, paving the way for increased participation in offshore and deep offshore activities. As the regulator overseeing stakeholder engagement and industry operations, the NCDMB remains focused on driving collaboration, innovation, and growth in the Nigerian oil and gas sector. The agency's strategic vision for 2025 includes harnessing the potential of gas exploration and production, alongside other key focus areas, to unlock new opportunities and drive sustainable development in the industry. With a clear roadmap and a commitment to fostering local talent and expertise, the NCDMB is poised to lead Nigeria towards a brighter future in local content implementation.