The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has stated the need for African countries to move beyond resource ownership and focus on building sustainable industrial capacity, creating greater value from their natural resources and positioning African businesses to compete globally.
Engr. Ogbe  said this while delivering his opening remarks at the  Africa Oil Week (AOW) 2026 in Accra, Ghana recently.
NCDMB Secretary represented by the Director, Corporate Services, NCDMB, Dr. Abdulmalik Halilu, who spoke on the theme, “from Resource Ownership to Industrial Power”, noted the need to harness and utilise our resources.
“Local content frameworks must promote the development and utilisation of African cross border capacities for the industrialisation of Africa.
“Local content value proposition include research and technology development, local employment, strategic partnerships, ownership and control of assets, supply chain optimisation and sustainable operations, increase production and utilisation of locally made good and contributions to gross domestic product (GDP)”, he said.
NCDMB participated in the Africa Local Content Programme, an event The Tide learnt is a leading international conference, networking, and exhibition programme focused on Africa’s oil, gas, and upstream energy sector.
AOW brings together industry leaders, governments, regulators, investors, and service providers to develop policy, share discoveries, secure investment, and shape the continent’s energy future.
Themed, ‘Building African Capacity, Competitiveness and Collaboration Across the Upstream Value Chain’, the Africa Local Content Programme was organised in partnership with the NCDMB, the African Union (AU), and the Petroleum Commission Ghana.
 The event featured high-level discussions aimed at advancing African capacity, competitiveness and collaboration across the upstream value chain.
A Statement from the Corporate Communications Division of the NCDM Omomehin, participated in discussions on “Harmonising and Standardising Technology and Policy: Driving Change through the Brazzaville Accord,” which focused on the importance of policy and technology alignment in driving regional energy development.
The Statement also added that the General Manager, Corporate Communications Division, Dr Obinna Ezeobi moderated the session on “Market Entry Insights: Unlocking Africa’s Most Compelling Upstream Opportunities,” while Dr. Hailu joined other industry stakeholders as a panelist to discuss the strategies and enablers that will accelerate investment in Africa’s upstream oil and gas sector.
The discussants according to the Board agreed that local content can be used to attract investments and lower the cost of operations, while Africa oil producers must ensure stability of regulations in their jurisdictions.
The Tide gathered that officials of the NCDMB also featured in several strategic sessions, contributing the Board’s experience and perspectives on critical issues shaping the future of Africla’s energy industry as Mr. Erefagha Turner, Assistant Manager Planning, Research and Statistics contributed to discussions on “Unlocking Capital for African Content Growth,” with emphasis on creating financing pathways to support the growth of indigenous businesses across the continent.
Turner described the Nigerian Content Intervention Fund (NCI Fund) as a successful financing model that has helped service companies to grow capacities, while Engr. Dokubo Obongo.
The Manager Institutional Strengthening and Capacity Building contributed to the session on “Investing in Talent: Building Africa’s Energy Workforce,” which highlighted the importance of skills development and investment in human capital as essential requirements for building a globally competitive African energy workforce.
Another contributor from the NCDMB was Mr. Ajimijaye Omomehin who made inputs into the discussions on “Building Regional Oil & Gas Industrial Hubs.
The various sessions highlighted the importance of access to capital, policy harmonisation, technology, talent development and regional collaboration in transforming Africa’s abundant natural resources into sustainable industrial and economic opportunities.
Ariwera Ibibo-Howells, Yenagoa