Thursday, June 11, 2026
25.8 C
Lagos

Business

AMEC Launches GEO Principles to Bring Rigour to AI-led Communications Measurement

AMEC, the International Association for the Measurement and Evaluation...

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Repton CEO Calls for Digital Skills Acquisition at Lagos Career Fair

Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO, Repton Group, Keynote Speaker...

Guinness Nigeria CEO Attributes Strong 2026 Start to Operational Efficiency, Localised Decision-Making

The Managing Director/CEO of Guinness Nigeria Plc, Girish Sharma...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Chair, Umaru Kwairanga, Receives International Business Achiever Award 2026

  The acceptance speech by Alhaji (Dr.) Umaru Kwairanga, Group...

NGX Seeks Cross-Listing Opportunities with Nairobi Securities Exchange

Alhaji (Dr) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group...

NGX Group Advances Investor Education Drive with Digital Retail Engagement Initiative

Nigerian Exchange Group has intensified its investor education drive...

NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

Shareholders of Nigerian Exchange Group Plc (NGX Group) have...

Insurance

Heirs Insurance: 3m Policyholders in 5 Years of Industry Transformation

Heirs Insurance Group says it has recorded over three...

Universal Insurance CEO, Jeff Duru, Chairs SUPERNEWS Confab 2026, as Idu Okeahialam Delivers Keynote Paper

SUPERNEWS Nigeria has announced the Managing Director/Chief Executive Officer of...

Mutual Benefits Unveils New Website, Expanding Digital Access to Insurance Solutions

  New Platform Enhances Customer Experience, Enables Online Purchase...

Business

AMEC Launches GEO Principles to Bring Rigour to AI-led Communications Measurement

AMEC, the International Association for the Measurement and Evaluation...

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Repton CEO Calls for Digital Skills Acquisition at Lagos Career Fair

Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO, Repton Group, Keynote Speaker...

Guinness Nigeria CEO Attributes Strong 2026 Start to Operational Efficiency, Localised Decision-Making

The Managing Director/CEO of Guinness Nigeria Plc, Girish Sharma...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Chair, Umaru Kwairanga, Receives International Business Achiever Award 2026

  The acceptance speech by Alhaji (Dr.) Umaru Kwairanga, Group...

NGX Seeks Cross-Listing Opportunities with Nairobi Securities Exchange

Alhaji (Dr) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group...

NGX Group Advances Investor Education Drive with Digital Retail Engagement Initiative

Nigerian Exchange Group has intensified its investor education drive...

NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

Shareholders of Nigerian Exchange Group Plc (NGX Group) have...

Insurance

Heirs Insurance: 3m Policyholders in 5 Years of Industry Transformation

Heirs Insurance Group says it has recorded over three...

Universal Insurance CEO, Jeff Duru, Chairs SUPERNEWS Confab 2026, as Idu Okeahialam Delivers Keynote Paper

SUPERNEWS Nigeria has announced the Managing Director/Chief Executive Officer of...

Mutual Benefits Unveils New Website, Expanding Digital Access to Insurance Solutions

  New Platform Enhances Customer Experience, Enables Online Purchase...

PNC 2024 Ends as NCDMB Commits to Deeper Community, Industry Engagements

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Wednesday in Yenagoa expressed profound gratitude to industry stakeholders, top-ranking vendors and staff of the Board for their contributions to the success of the Practical Nigerian Content (PNC) Forum 2024.

Speaking at the official closing ceremony of the four-day event at the Conference Centre of the Nigerian Content Tower (NCT), he said their active participation enriched discussions as the Board charts a pathway to the next frontier for Nigerian Content implementation.

Engr. Ogbe reiterated the Board’s determination to deepen engagements with local communities and oil and gas industry players through sundry schemes newly introduced, such as the Back-to-the-Creeks Initiative, the Revised Nigerian Content Community Contractors Financing Scheme, Nigerian Content Academy, and creation of more conducive and befitting zonal offices to enhance service delivery by the Board.

According to him, the Back-to-the-Creeks policy is “designed to equip youths in our communities with the skills to meet industry demands” through improvement of basic educational facilities and motivation of teachers. In regard to the Contractors Financing Scheme, he explained that the Board has increased the single obligor limit from N20 million to N100 million.

“What that does,” he noted, “is that it gives more opportunities for local contractors to be able to access higher figures” to enable them to secure and execute meaningful contracts in the oil and gas industry. In that way, the Scheme would serve as a mechanism “to bring the benefits of local content to communities.”

The Executive Secretary, who was represented by the General Manager, Corporate Communications and Zonal Coordination, Barr. Esueme Dan Kikile, expressed joy that the Board’s partnership with the Bank of Industry (BOI) is working well, that “performance is at optimal level,” and that the new funding scheme would be hugely beneficial to local contractors.

On the Nigerian Content Academy, he said NCDMB has the experience, the capacity in-house, and “the understanding of what it means to practise Nigerian Content,” having done that for 14 years, and that he believed the industry would take advantage of what the training facility has to offer.

Acknowledging the invaluable input of experts of diverse backgrounds in various panel discussions that held on Tuesday and Wednesday (3rd and 4th December), Engr. Ogbe requested the NCDMB partner, dmg events Limited, “to develop key actionable points” from the PNC Forum “that will guide the industry” as it moves to the next frontier of Nigerian Content implementation.

He assured all industry stakeholders that the Board would continue to collaborate with them to fulfil its mandate as set out in its enabling statute, the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010.

Earlier in the day, resource persons made presentations on the African Continental Free Trade Agreement (AfCFTA) and Marine Accelerator Programme (an initiative of the Oil Producers Trade Section, comprising the international oil companies), as well as a Spotlight on ‘Youth Empowerment Pathways.’

The Senior Trade Policy and Law Expert at the Nigeria AfCFTA Coordination Office, Abuja, Mr. Olusegun Olutayo, who spoke on the topic “AfCFTA: A Panacea for Africa’s Economic Rebirth,” explained the potential benefits of the Agreement by throwing light on its eight Protocols, namely, Trade in Goods, Trade in Services, Rules and Procedures on the Settlement of Disputes, Intellectual Property Rights (IPRs), Investment, Competition Policy, Digital Trade, and Women and Youth in Trade.

According to him, “It is within these Eight Protocols that that prosperity, that integration, that economic revolution, that industrialisation, actually comes,” arguing that “AfCFTA is the way to go.” AfCFTA came into force in 2018 after ratification in Rwanda in July 2028, with the aim of facilitating economic integration, trade and investment among African countries.

On the Marine Accelerator Programme (MAP), sponsored by the OPTS in conjunction with the NLNG Shipping and Marine Services Limited (NSML) and based in Bonny, Rivers State, the issue, according to the presenter, was: “A Quality Reassessment shows that the challenges in the marine services industry four years ago still persist.” Definite measures were required to make offshore operations in the industry safer through MAP.

The pilot programme, consisting of seven modules, was launched in May 2025 and focused on priority vessels. With the remarkable success of the pilot phase, the OPTS is set to launch the next wave of the marine accelerator training in the first quarter of 2025.

The Spotlight on Youth Empowerment Pathway focused on “The YEP Model: A Unique Approach to Employment,” and was presented by Mr. Tunji Idowu, Executive Director and Managing Trustee, PIND.

It dwelt on Workforce Development, which highlighted the imperative and strategies for bridging skills gaps, among other things, ecosystem strengthening, government engagement and partnerships, as well as YEP’s future vision-scaling for sustainability.

Panel discussions in three different sessions dwelt on “Nigerian Content Beyond Borders,” “Nigerian Content from the Grassroots: Community Capacity Building,” and “From Policy to Practice: Strengthening Domestication for Economic Development.”

Under “Nigerian Content Beyond Borders,” sub-topics were “Examining the major barriers hindering cross-border value chains – regulations, documentation, logistics and supply chain, costs, etc.,” “What steps are being taken to enforce standardization? How Can we prove that Nigeria meets global standards,” “What incentives exist to further encourage the export of local capacity and enhance Nigeria’s presence in international markets?”

The panellists were Alhaji Abdulmalik Halilu, Director, Monitoring and Evaluation in NCDMB, Engr. Wole Ogunsanya, Chairman of Petroleum Technology Association of Nigeria (PETAN), Mr. Paul Clement Pankes, Group Head – Chemical Technology, Standards Organisation of Nigeria (SON), and Dr. Doyle Edeni, Group Managing Director and Chief Executive Officer, Blue Seal Energy Group Inc. Moderator was Mrs. Bukola Adubi, Chief Executive Officer, MicCom Cables and Wires Limited, and President, Cable Manufacturers Association of Nigeria.

The second panel discussion, which centred on “Nigerian Content from the Grassroots: Community Capacity Development,” had as subtopics “Assessing the socio-economic impact of local content on host communities,” “What enabling structures have been built by the NCDMB to support the growth of community contractors? What gaps remain?” “Can shared asset responsibility within host communities be structured to achieve increased production levels?” and “How can research-based initiatives increase the impact of CSR on local content implementation?”

Panellists were Dr Ama Ikuru, Director, Corporate Services of NCDMB, Mr. Gorah Adams Ayuba, Deputy Director, Community Development and Education, Federal Ministry of Regional Development, Mr. Charles Epelle, Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Enar Otuks, Oilserv, Mr. Tunji Idowu, PIND, and Engr. Obidike Uzu, Vice Chairman, PETAN, and Managing Director, Global Process Pipeline Services Limited. The moderator was Mr. Olanrewaju Olawuyi, General Manager, Nigerian Content Development, Shell.

The final panel discussion, titled “From Policy to Practice: Strengthening Domestication for Economic Development,” had as subtopics “Outlining the limitations of the local supply chain, what funding and capacity building strategies are required?” “What are the main barriers to entry for manufacturers in the oil and gas space? How can the government develop an enabling environment for local manufacturers to thrive?” “What opportunities have the NCDMB’s R&D initiatives unlocked for the oil and gas sector over the years?” “What local content opportunities exist in the national adoption of CNG utilization? How can indigenous companies tap in?

Panellists were Mr. Ene Ette, General Manager, Planning, Research and Statistics, NCDMB, George Onafowokan, Managing Director, Coleman Cables and Wires, Engr. Tari Mayor-Bright, Sovereign and Subnational Coordinator, Presidential CNG Initiative, Mrs. Iroghama Ogbeifun, Managing Director and CEO, Starz Investments Company Limited, and Ms. Patience Ranami Abah, Director-General, Bayelsa Investment Promotion Agency. The Moderator was Dr. Timi Austen-Peters, Chairman, Dorman Long Engineering Limited.

The PNC 2024, ended on Thursday with site visit by oil and gas industry captains to First Marine and Engineering Services Limited (FMES) shore base facility in Yenagoa, is the 13th edition of the annual event, which is dedicated to deepening Nigerian Content across the energy sector to support the country’s energy sufficiency goals.

Hot this week

Sim Tshabalala Leads Standard Bank Delegation on Courtesy Visit to South African High Commissioner to Nigeria

Sim Tshabalala, Chief Executive Officer of Standard Bank Group,...

Africa’s Largest Bank, Standard Group, Backs Dangote Refinery IPO

Africa’s largest financial institution, Standard Bank Group, the parent...

CBN Chief, Yemi Cardoso, Formally Receives Central Bank of the Year Award

Governor of the Central Bank of Nigeria (CBN), Mr....

Heirs Insurance: 3m Policyholders in 5 Years of Industry Transformation

Heirs Insurance Group says it has recorded over three...

Universal Insurance CEO, Jeff Duru, Chairs SUPERNEWS Confab 2026, as Idu Okeahialam Delivers Keynote Paper

SUPERNEWS Nigeria has announced the Managing Director/Chief Executive Officer of...

Topics

African Union Unveils All-Africa Passport to Boost Travel, Trade

While is U.K. was busy separating from the European...

Verve Card Formally Announces its Acceptance in Ghana

Verve, a leading payments technology and card business in...

African Guarantee Fund Earns AA-Rating from Fitch

The African Guarantee Fund for Small and Medium-Sized Enterprises...

Fidelity Bank Rating Downgraded by Moody’s over Liquidity Squeeze

The credit rating of Fidelity Bank Plc has been...

CBN Plans BVN Registration for MfB, PMI Customers

The Central Bank of Nigeria (CBN) has disclosed on-going...

Access Bank, GE Partner on Financing for Healthcare Providers

Access Bank and GE Healthcare are to provide sustainable...

PenOp Projects N14.8tn Pension Funds by End of 2022

Mr. Olumide Oyetan President, Pension Operators Association of Nigeria...

Stanbic IBTC Pension Managers’ FUZE 3.0 Festival: Set to Light up Lagos on Dec 21

In a spectacular celebration of Nigerian creativity and innovation,...
Exit mobile version