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

TTP Trains Customs Agents, Freight Forwarders On Eto App 

Published

on

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”.

Continue Reading

Business

NECA Holds MSME Fair To Drive Growth 

Published

on

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.
·
· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
·
· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
·
· 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.

Continue Reading

Business

Over 2m Passengers Board Blue Rail Train – Commissioner 

Published

on

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

Continue Reading

Trending