{"id":6656,"date":"2026-06-07T06:39:54","date_gmt":"2026-06-07T06:39:54","guid":{"rendered":"https:\/\/stakebridgeirpr.com\/media\/?p=6656"},"modified":"2026-06-07T06:39:54","modified_gmt":"2026-06-07T06:39:54","slug":"ncdmb-pushes-manufacturing-rd-drive-to-deepen-oil-sector-value-retention","status":"publish","type":"post","link":"https:\/\/stakebridgeirpr.com\/media\/ncdmb-pushes-manufacturing-rd-drive-to-deepen-oil-sector-value-retention\/","title":{"rendered":"NCDMB Pushes Manufacturing, R&D Drive To Deepen Oil Sector Value Retention"},"content":{"rendered":"

By Hannah Yemisi<\/strong><\/p>\n

 <\/p>\n

The Nigerian Content Development and Monitoring Board (NCDMB), represented by Mr. Silas Omomehin Ajimijaye, Director of Planning, Research and Statistics, reaffirmed Nigeria’s commitment to advancing local capability development in the offshore oil and gas industry at the OWI West Africa 2026 Conference held in Lagos from 2 to 3 June 2026. Speaking on the panel, \u2018<\/em>Local Capability, Leadership and New Delivery Models, and Execution in West Africa,\u2019 Ajimijaye outlined the Board’s policy direction under the Nigerian Oil and Gas Industry Content Development Act 2010 and recent Executive Orders and Presidential Directives issued in 2024. He disclosed that Nigeria has achieved approximately 80 percent local content in engineering and fabrication, while identifying manufacturing and research and development as the next critical growth frontier toward achieving the Board’s target of 70 percent local content retention by 2027.<\/p>\n

Ajimijaye stated: “Nigeria is no longer content merely to participate in the oil and gas industry; we are building the capacity to lead it. We have reached around 80 per cent local content in engineering and fabrication, and our focus now is on closing the manufacturing and research gap so that more value is retained in the country. Local content is a partnership, not a barrier. We are asking the industry to build genuine capability with us, to invest in local research and development, and to engage the Board early so that Nigerian content is designed into every project from the start.”<\/p>\n

DECISION HIGHLIGHT<\/strong><\/p>\n

The NCDMB is shifting local content policy from participation and service delivery towards manufacturing, innovation, research and long-term value retention within Nigeria’s oil and gas value chain.<\/p>\n

DECISION MEMO <\/strong><\/p>\n

The Board’s position reflects the evolution of Nigeria’s local content agenda from capacity creation to industrial capability development.<\/p>\n

For much of the past decade, local content policy focused on increasing Nigerian participation in engineering services, fabrication, contracting and workforce development. The reported achievement of approximately 80 percent local content in engineering and fabrication suggests that significant progress has been made in these segments. The policy challenge has now changed.<\/p>\n

The Board’s emphasis on manufacturing and research and development indicates recognition that participation alone does not necessarily translate into maximum economic value retention. Where critical equipment, technologies and intellectual property continue to be imported, substantial portions of industry value creation remain outside the domestic economy.<\/p>\n

The focus on research and development is particularly significant. Sustainable local content leadership increasingly depends not only on executing projects but also on creating technologies, developing industrial solutions and generating intellectual capital capable of supporting long-term competitiveness.<\/p>\n

The Board’s interventions in training, university engagement, centres of excellence and financing support indicate an attempt to build an integrated ecosystem linking skills development, innovation, enterprise financing and industrial growth.<\/p>\n

The broader implication is that local content policy is gradually moving from compliance-based participation towards capability-based competitiveness. The long-term objective appears to be positioning Nigerian firms not only as domestic service providers but as regional exporters of technical expertise and industrial capacity.<\/p>\n

DATA BOX<\/strong><\/p>\n

Institution<\/strong><\/p>\n