Connect with us

Business

NCDMB, APPO Recommits To African Local Content Development

Published

on

The Nigerian Content Development and Monitoring Board (NCDMB), and the African Petroleum Producers’ Organisation (APPO) have recommitted their partnership towards establishing African centres of excellence in local content development.
The Tide gathered that both organisations were also set to encourage African petroleum producing countries to develop specialised capacities in core oil and gas services, and patronise one another in their respective areas of expertise.
This came to the fore, Thursday, when the Secretary-General of APPO, Dr. Omar Farouk Ibrahim, visited the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, at the agency’s liaison office in Abuja.
Information made available to newsmen by the Department of Corporate Communications and Zonal Coordination of the NCDMB quoted the APPO scribe as having reiterated his organisation’s proposal to partner NCDMB towards establishing centres of excellence in key aspects of the oil and gas industry.
Dr. Ibrahim said the NCDMB’s Oil and Gas parks would serve as centres of excellence, and accommodate original equipment manufacturers (OEMs), and investors from other African Oil Producing countries.
“Similar centres would be established in other African countries. Some firms had approached APPO to indicate interest to invest in Nigerian oil and gas sector, particularly in the oil and gas parks.
 “It’s imperative for African oil producing countries to collaborate closely, since none of them had sufficient technical and financial capacity to operate independently. Close collaboration will actualise the noble objectives of the African Continental Free Trade Agreement (AfCFTA)”, the APPO Scribe said.
Using Nigeria’s decades of experience in the oil and gas industry as reference point, Ibrahim charged NCDMB to use its capacity building initiatives and facilities to train technicians and personnel who can work in key areas of the Oil and Gas industry across Africa.
He also invited the NCDMB to partner and participate in the 4th African Local Content Roundtable (ALCR), planned to hold in Congo, and expected to be hosted by the Ministry of Hydrocarbons of the Republic of Congo.
According to him, there is the need for the Board to reach out more to African Oil producers, sharing its success stories with those countries that looked up to Nigeria for guidance in local content, Oil and Gas operations.
APPO, he said, was determined to change the perception that African Oil producing countries would continue to rely on foreign nations and external institutions to harness their petroleum resources.
“Africa Oil producers must accelerate steps in innovating technology and providing the funding needed for the sector’s operations, one of the steps being the establishment of the African Energy Bank.
“I commend the NCDMB for achieving consistent Nigerian content development in the past 14 years, underpinned by a robust framework, backed with strong political will.
“Most African nations lack such structures, and subsumed their local content policies and agencies under their petroleum ministry or the national oil company”, he said.
In his remarks, the NCDMB’S Scribe reeled out the Board’s strategic support to other African petroleum nations, including the Memorandum of Agreement (MoU) on collaboration it signed with the Petroleum Commission, Ghana, in 2024, and with the Senegalese’s National Local Content Monitoring Committee in 2023.
Other strategic support initiatives of the Board, according to the Board’s scribe, were capacity building workshops it organised for other African Oil producing countries.
“The Board is equally projecting and showcasing the capacities of established Nigerian Oil and Gas service companies to other African nations. We’re opening new vista of opportunities for them in those markets”, Ogbe said.
He underlined the need for Nigerian service companies to partner local companies whenever they enter other African countries, and to obey local laws, expressing delight over the proposal to designate the Oil and Gas parks as African centres of excellence, and affirmed that the parks would be completed and commissioned this year, 2025.
“The NCDMB has started inviting manufacturers and other intending investors to apply and take up shop floors in the parks. And so I want to extend our invitation to OEMs and other investors from across Africa and beyond to invest in the Oil and Gas parks. Nigerian content emphasises domiciliation and domestication of capacities, and not indigenisation.
“I  thank you, APPO Secretary-General for your meritorious service to the African energy industry which has culminated in the establishment the African Energy Bank with headquarters in Abuja, the Nigerian capital city. Secretary-General, continue serving the African Oil and Gas industry even after the expiration your tenure at APPO”, Ogbe added.
Ariwera Ibibo-Howells, Yenagoa
Continue Reading

Business

Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

Published

on

The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
Continue Reading

Business

NPA Targets N1.489tn Revenue In 2026

Published

on

The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
Continue Reading

Business

NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

Published

on

Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
Continue Reading

Trending