THE Nigerian Content Development and Monitoring Board (NCDMB) says it has prepared a compendium to identify and pursue investment opportunities that align with local content requirements of the industry.
Mr Felix Ogbe, Executive Secretary, NCDMD made this known on Wednesday in Abuja while briefing the press in preparation for the fifth edition of its Nigerian Oil and Gas Opportunity Fair (NOGOF) 2025.
Ogbe said the Compendium of Nigerian Content Opportunities in the Oil and Gas Industry 2025 would be made available to all delegates at the forth coming event.
The fair is scheduled to hold on May 21 and 22, in Bayelsa State, with the theme “Driving Investment and Production Growth: Shaping a sustainable Oil and Gas Industry through Indigenous Capacity Development.”
The News Agency of Nigeria (NAN) reports that NOGOF as an event, is used to meet the key objectives of the Nigerian Oil and Gas Industry Content Development Act 2010 (NOGICD Act).
The NOGICD Act mandates the Board to develop local capacities, promote institutional collaboration, increase Nigerian participation in the sector and link oil and gas to other industries and maximise the use of local resources.
Ogbe, while briefing the newsmen said the board was committed to guide investors and other stakeholders on the various opportunities available to stakeholders in the oil and gas industry.
“As such, we have prepared a Compendium of Nigerian Content Opportunities in the Oil and Gas Industry 2025, which will be made available to all delegates at the NOGOF 2025.
“We are confident that the Compendium will serve as a useful tool in identifying and pursuing investment opportunities that align with local content requirements of the industry,” he said.
He said the event would also host the Champions of Nigerian Content Awards on the sidelines the event to celebrate individuals and companies that had made significant contribution to the development of Nigerian Content.
“Through the signing of an Executive Order, the President has positioned the country as Africa’s top destination for petroleum sector investments. This was achieved by prioritising local capacity development.
“NOGOF provides opportunities for companies in the upstream, midstream and downstream sectors to showcase their upcoming projects.
“The aim is to achieve our national aspirations of increasing gas and crude oil production, boost revenue, and meet domestic crude oil and gas supply obligations.
“This enables service companies, manufacturers, oil and gas trainers, and job seekers to invest in facilities and capabilities that will domicile most of the activities in the country,” he said.
He recalled that in the 2023 edition, more than 100 opportunities were presented by companies in the sector.
He added that some projects showcased such as UBETA and Bonga North were already being executed, while others were awaiting Foreign Investment Decision (FID).
He said it expected more opportunities at the 2025 edition because of the impact of the three Presidential Directives on the Oil and Gas Industry, which had unlocked new investments.
“As part of our commitment to expand local content development across Africa, I have directed that some key African countries such as Ghana, Uganda, Sierra Leone be invited to also present their projects.
“This opening will foster Business-to- Business partnerships between Nigerian oil and gas service industry and their peers in other African countries.
“It will also improve intra-Africa trade and position our service companies for more opportunities beyond the shores of Nigeria,” he said.
