NCDMB woos Chinese manufacturers to boost oil industry
The NCDMB has engaged over 100 Chinese manufacturers to attract investment and technology into Nigeria’s oil and gas industry beyond a buyer-seller model. Read More: https://punchng.com/ncdmb-woos-chinese-manufacturers-to-boost-oil-industry/
The Nigerian Content Development and Monitoring Board (NCDMB) is actively engaging with over 100 Chinese original equipment manufacturers to bolster investment, technology, and manufacturing within Nigeria’s oil and gas sector. During the 15th China Shale Oil and Gas Summit in Chengdu, China, NCDMB Director Austin Uzoka emphasized shifting the relationship between Nigerian oil and gas operators and Chinese manufacturers from a traditional buyer-seller model to one centered on investment, manufacturing, technology transfer, and integration into global supply chains.
Uzoka stated that the Nigerian Oil and Gas Content Development Act ensures support for equipment manufacturing facilities established in Nigeria, potentially opening doors to opportunities across the Gulf of Guinea. The NCDMB is promoting the Nigerian Oil and Gas Park Scheme as a platform for Chinese manufacturers to establish operations in Nigeria, providing avenues for technology transfer, technical agreements, and supply chain integration.
Uzoka highlighted China's strengths in manufacturing, engineering, technology, and energy infrastructure, expressing interest in collaborating with Nigeria to strengthen industrial development. The engagement aligns with Nigeria’s broader industrial development agenda, evolving from increasing local participation in oil and gas projects to a focus on manufacturing, technology ownership, and global competitiveness.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
