{
  "id": 12887514,
  "title": "Nigerian content in oil sector rises from 5% to 61% in 16 years— NCDMB",
  "url": "https://urgent.news/2026/10/08/nigerian-content-in-oil-sector-rises-from-5-to-61-in-16-years-ncdmb",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T14:36:00.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/08/nigerian-content-in-oil-sector-rises-from-5-to-61-in-16-years-ncdmb/"
  },
  "original_language": "en",
  "account": "According to the Nigerian Content Development and Monitoring Board (NCDMB), Nigerian content in Nigeria's oil and gas industry has risen dramatically from five percent in 2010 to 61 percent over the past 16 years, as reported by News Agency of Nigeria (NAN). NCDMB Executive Secretary Felix Ogbe highlighted this increase during a speech at the 2026 Association of Energy Correspondents of Nigeria (NAEC) Conference in Lagos. The board's general manager for corporate communications, Dr. Obinna Ezeobi, noted that the next phase of the Nigerian content drive aims to make indigenous companies globally competitive. Ogbe stated that the industry must shift from merely ensuring Nigerian companies participate in domestic projects to developing firms capable of competing on the international stage. The board is achieving this through financing, equipment development, research and development, and strategic partnerships. Additionally, the NCDMB is promoting local manufacturing of oil and gas equipment to lessen dependence on imported components and bolster the domestic supply chain. The board is also forging connections between Nigerian companies and foreign firms and Original Equipment Manufacturers (OEMs) to enhance technical capabilities and open access to broader markets. Furthermore, the NCDMB is working to enable Nigerian companies to expand into other African markets. While acknowledging that indigenous operators still face challenges in developing oil and gas assets, including high entry costs, bureaucratic hurdles, and funding constraints, NAEC Chairman Ugo Amadi emphasized that addressing these issues would unlock investment, boost local capacity, and increase oil and gas production. The NCDMB has consistently enforced local content requirements, most recently mandating a one percent deduction for the Nigerian Content Development Fund (NCDF) on qualifying contracts in 2025. The NCDMB also insisted in 2025 that international oil companies must engage with local firms when executing projects, adhering to the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. The surge in Nigerian content, which has risen from five percent in 2010 to 61 percent, signifies substantial progress in local participation within the sector.",
  "summary": "Nigerian content in Nigeria’s oil and gas industry has increased from five per cent in 2010 to 61 per cent, according to the Nigerian Content Development and Monitoring Board (NCDMB). The post Nigerian content in oil sector rises from 5% to 61% in 16 years— NCDMB appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}