The Nigerian Content Development & Monitoring Board (NCDMB) is planning to expand its operations into the telecommunications and mining sectors. This decision was announced by Felix Omatsola Ogbe, the executive secretary of NCDMB, at the ongoing NOG Energy Week in Abuja. He highlighted several policy initiatives introduced by the Tinubu-led government aimed at boosting the nation’s economy through these sectors.
Ogbe emphasised the importance of adding value across various sectors of the nation’s economy. He outlined five strategic focus areas for implementing the presidential directive, including enhancing the cost competitiveness of oil and gas projects and promoting the growth of in-country capacities.
“The third focus area involves excluding intermediary entities that lack the necessary capacity to execute projects from the Nigerian content plan (NCP). This will be achieved through pre-qualification and technical evaluation phases during tender opportunities,” Ogbe explained.
He further elaborated on approving Nigerian content plans, ensuring compliance with local participation requirements unless adequate Nigerian content is unavailable. “The board aims to continuously expand and quantify Nigerian content,” he added.
Ogbe also addressed concerns about entities acting solely as intermediaries without project execution capacity, stating they may not be considered for certain opportunities. He reassured stakeholders of the board’s commitment to generating value in Nigeria, reviewing current policies to develop indigenous capabilities effectively.
“Our 10-year strategic roadmap aligns with the presidential directive, aiming to deepen Nigerian content towards achieving 70% local content by 2027,” Ogbe affirmed.
Kelechi Ofoegbu, the NCDMB’s executive commissioner for corporate services & administration, stressed during discussions on Nigerian content as a business enabler that creating and retaining value are crucial for societal improvement.
