Tag: NCDMB

NCDMB, NLNG To Deepen Partnership On Projects, LPG Penetration

Abibat Babalola

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquified Natural Gas Limited will set up a tactical team comprising nominees from both organizations to drive closer collaboration on projects, ensure compliance with Nigerian Content obligations and promote other strategic alliances for the good of the nation’s economy. This decision was reached on Wednesday when the Managing Director of Nigeria LNG Ltd, Dr. Philip Mshelbila led his management team to pay a courtesy visit to the Executive Secretary of the NCDMB, Simbi Kesiye Wabote at the Nigerian Content…

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How Nigeria Lost $380bn, 2m Jobs To Capital Fight – NCDMB

Abibat Babalola

The Nigerian Content Development and Monitoring Board (NCDMB) has revealed how Nigeria lost over $380 billion to capital flight and two million jobs in 50 years. Platforms Africa reports that Executive Secretary, NCDMB, Engr. Simbi Wabote at the fifth annual Valuechain lecture and awards held in Abuja, said the nation also lost the opportunity cost for in-country capacity development and value addition. READ ALSO: Shell, AFC, GTBank, 6 Other Banks Drag Aiteo to Court Over $2bn Debts EXCLUSIVE: Buhari Declines Ministerial Consent For ExxonMobil $1.6bn Assets’ Sale To Seplat Lagos…

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Global Energy Transition, An Opportunity for Nigerian Oil Industry- Wabote.

Abibat Babalola

The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract investments and serve as one of the leading hubs to meet global energy needs. The Executive Secretary of the Nigeria Content Development and Monitoring Board, (NCDMB) Engr. Simbi Kesiye Wabote stated this recently in a lecture he delivered at the Society of Petroleum Engineers – Oloibiri Lecture Series and Energy Forum (SPE – OLEF) 2022 held in Abuja. He spoke on the theme, “Global Energy Transition: Implications on Future…

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NCDMB, AFREXIM, APPO Mull New Funding Models For African Oil Industry

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB), African Petroleum Producers’ Organization (APPO), and Africa Export-Import Bank (AFREXIMBank) have outlined new and sustainable models of funding oil and gas investments in Africa, using resources drawn from the continent and de-emphasizing international financiers. The new pathways were some of the key outcomes of the African Local Content Investment Forum (ALIF) hosted by the NCDMB in Lagos on Monday and form part of the concerted efforts to overcome the decision of western nations and their financial institutions, and international operating oil companies…

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Nigeria, Senegal Ink MoU on Local Content Development

Efe Wellington

This is part of Nigeria’s strategic support to the development of Local Content across the African continent, which has already been extended to Ghana, Niger Republic, Uganda, Kenya, Gabon, Ugandan, and Congo Brazzaville The Nigerian Content Development and Monitoring Board (NCDMB) and the authorities of the Senegalese Petroleum Industry agreed on Tuesday to sign a Memorandum of Understanding (MoU) to guide Nigeria’s support for the development of Local Content in Senegal. This agreement was reached during a meeting in Lagos between the Executive Secretary, Engr. Simbi Kesiye Wabote and key…

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NLNG, NCDMB, Chevron, SNEPCo, Others bag awards at 2022 NIES

ADEOLA YUSUF

OPEC’s Barkindo, MNPC’s Kyari, ex-Minister Ibe Kachikwu, here is the full list of who won what at the prestigious award The Nigeria LNG Company Ltd. (NLNG) has won the 2021 Gas Infrastructure Project Company of the year award in the Nigeria oil and gas sector. The Nigerian Content Development and Monitoring Board (NCDMB) also won an award for its role, which has made Nigeria a role model for other countries in Africa in terms of local content development and monitoring. Platforms Africa reports that the award was conferred on the…

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Nigerian Oil Industry Spent $20.4bn On Fabrication, Engineering

Efe Wellington

Nigerian Oil Industry Spent $20.4bn On Fabrication, Engineering … achieve 42% Nigerian Content The Nigerian Oil and Gas Industry spent approximately $20.4billion between 2016 and 2020, particularly in key areas such as Engineering, Procurement, Fabrication, Project Management, and Services. Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote revealed this at the opening of the 10th Practical Nigerian Content Conference held at the Nigerian Content Tower in Yenagoa, Bayelsa State from 29th November -2nd December, with the theme “Driving Nigerian Content in the New Dawn of…

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Local Content: Butane Energy’s LPG Plant Opens In Kastina

Aliyu Aliyu

Butane Energy Limited, one of the gas based business supported with equity investment by the Nigerian Content Development and Monitoring Board (NCDMB) has opened its 100 metric tonnes Liquified Petroleum Gas (LPG) Storage and Bottling Plant in Kabukawa layout, Kastina State. The project was commissioned on Saturday by the Kastina State Governor, Rt. Hon Aminu Bello Masari and the motivation of the promoters is to help address supply constraints in the domestic LPG market in the Northern part of Nigeria through its plant operations/bulk storage, transportation/ distribution, cylinder filling and…

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NCDMB, Partners to deliver 4 Multi-million dollars projects before December

ADEOLA YUSUF

Five LPG storage/bottling plants and six LPG Depots being developed in 10 states in the North and Abuja would be completed in two phases – six in quarter 1 of 2022 and the rest in quarter 4 of 2022 – Wabote   Four major projects being developed by investors in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) would be completed before the end of 2021, the Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote has disclosed. Platforms Africa reports that the projects include the Rungas facility in Polaku,…

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NCDMB, Total Energies Ikike AMD 2 Module project creates 30,000 jobs, first oil in 2022

Efe Wellington

NCDMB, Total Energies Ikike AMD 2 Module project creates 30,000 jobs, first oil in 2022 Senior officials of the Nigerian Content Development and Monitoring Board (NCDMB), Total Energies Nigeria and the Department of Petroleum Resources on Saturday in Port Harcourt, Rivers State celebrated the load out of the AMD 2 Module of the Ikike Development Project, describing it as another remarkable Nigerian Content accomplishment by Total Energies Nigeria Ltd. The AMD 2 Module is a component of the Brownfield package of the Ikike project, and the contractor is Sudelettra Nigeria…

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