Business
NCDMB Achieves 56% Local Content In Oil, Gas Industry … As FG plans FIDs On Gas
The Nigerian Content Development and Monitoring Board (NCDMB) says it has achieved a 56 percent local content level in Nigeria’s oil and gas industry.
The Board said efforts have been intensified to realize a 70 per cent local content level by 2027.
It further said Nigeria’s content transited from 20 percent in 2016 to 56 percent in 2024.
The Executive Secretary of the NCDMB, Engr. Felix Ogbe, disclosed this at the opening of the 13th Practical Nigerian Content Forum in Bayelsa, yesterday.
He also assured that the NCDMB remains committed to the Board’s programme, Back to the Creek initiative, aimed at improving the human capacity of indigenes of oil and gas host communities, including scholarships award for high educations learning.
According to him, the Board is also committed to establishing a Revised Community Contractor fund to remove obstacles for community contractors and the establishment of Nigerian Content Academy in order to enhance the capacity of local operators.
He stated that the academy, resident at the NCDMB headquarters in Bayelsa State, offers a range of courses while assuring that the Board would build befitting Zonal Offices in Akwa Ibom State, Rivers State and Delta State.
He said: “This academy is a cornerstone of our commitment to enhancing local capacity in the oil and gas industry, in line with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010.
“The Nigerian Content Academy is also a beacon of hope for employment. Our training programs are designed to prepare Nigerians for various roles within the sector, opening doors to new career paths and economic opportunities for local communities.
“Our academy offers a range of courses that cover every aspect of the oil and gas industry, from upstream exploration to downstream processing.
“As part of our commitment to further deepen Nigerian content in the oil and gas industry, we are committing to developing more conducive and befitting Zonal Offices.
“This will enable us to deploy our personnel across various Directorates to operate fully from our Zonal offices thereby making the Zonal offices to be fully operational”.
Similarly, the Minister of State, Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, said: “Under the exemplary leadership of President Bola Ahmed Tinubu, the Ministry of Petroleum Resources – gas is aligning its policies with the aspirations of Nigerians, ensuring that local content remains a priority in all facets of our energy strategy.
“Through the Decade of Gas Initiative, we are accelerating the development of critical gas assets and infrastructure to further boost production and distribution of gas across the country and for export purposes.
“In the last 12 months, 2 critical gas projects with combined volumes of 600 MMSCF/day were completed”.
According to him, “the projects already inaugurated included SEPLAT ASSA North – 300 MMSCF/Day, SPDC Ohaji south – 300 MMSCF/Day.
“Final investment decisions that will guarantee an additional 420 MMSCF/day of natural gas to existing production have been taken in the SPDC Iseni Project – 90 MMSCF/Day, TOTAL Ubeta Project – 330 MMSCF/Day while the SEPLAT Assa North and SPDC Ohaji South gas plants are already commissioned, critical pipeline infrastructure like the OB3 Gas Pipeline – This is a 48”/36″x 130km pipeline that runs from the Obiafu-Obrikom plant to Oben which sits at 97% completion and AKK – This is a 40″x 614 km pipeline from Ajaokuta-Kaduna-Kano currently at 77% completion.
“The OB3 Gas Pipeline and the AKK Gas Pipeline both present enormous prospects for local businesses engaged in construction, maintenance, operations, and security services as well as gas-based sectors like gas to power, gas to fertilizer and other manufacturing businesses along the lengthy corridors. By 2030, the country’s current gas production is expected to increase by almost 4 BCF/day, according to the Decade of Gas plans. At this point, we have accomplished 25% of this goal.
“Gas will be the mainstay of Nigeria’s energy shift, and we’re giving local businesses a chance to engage in gas distribution, processing, and power generation.
“The probable replacement for PMS has also been determined to be natural gas in the form of CNG. To encourage other solutions and alternatives to the massive payout from the nation, the President’s inauguration speech prohibited further fuel subsidy payments. The Presidential CNG Initiative has greatly advanced the nation’s cause of switching from PMS to CNG-powered engines”.
On his part, the Group Chief Executive Officer, Nigerian National Petroleum Company Limites (NNPCL), Mallam Mele Kyari, said: “Since the landmark enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in 2010, we have witnessed a profound transformation in local content development.
“With its remarkable achievement, this pivotal legislation has empowered local businesses and ignited a wave of innovation, propelling us to the forefront of global competitiveness. Let’s take a moment to feel proud of these significant strides.
“The NCDMB has been a cornerstone in driving the local content agenda forward. NCDMB’s unwavering efforts, commitment, and strategic initiatives have reassured us that we are maximizing the benefits of our rich resources and supporting the industrialization efforts of companies that are actively providing services within the Nigerian energy sector.
The enactment of the Petroleum Industry Act (PIA) in 2021 further underscores our commitment to local content. This comprehensive framework not only promotes investment but also ensures transparency and sustainability in our operations, providing a secure and optimistic outlook for the future of local content development.
“Additionally, the recent Presidential Directive on Local Content Compliance Requirements for 2024 is a clear testament to our government’s commitment to prioritising local content as a key element of our national strategy. This directive should make us all feel secure and committed to the local content strategy”.
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Business
TTP Trains Customs Agents, Freight Forwarders On Eto App
In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.
Business
NECA Holds MSME Fair To Drive Growth
Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
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· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
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· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
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· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.
Business
Over 2m Passengers Board Blue Rail Train – Commissioner
The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.
Nkpemenyie Mcdominic, Lagos
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