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Wabote lays proviso for African local content policy
Sopuruchi Onwuka Executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has charged African countries the rapidly embrace the Nigerian Content models in trapping the resource benefits for domestic economic development. Engr Wabote who made…
Energy Security: Indigenous players tackle regulators as majors leave
Sopuruchi Onwuka Indigenous companies in the country and government regulators in the petroleum sector are yet to find common grounds on how to effectively capture the reins of operations in the industry as multinational players that have dominated the business…
NCDMB saves Nigeria $2bn on NLNG-7 project
Wabote receives African Icon award Sopuruchi Onwuka Localization of contract execution in the ongoing expansion of the processing trains of the Nigeria Liquefied Natural Gas (NLNG) Limited saved Nigeria princely $2.0 billion of N840 billion during the during the bidding…
NCDMB initiates 6th industrial park
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has activated processes for development of an industrial park in Ondo State, making it the sixth of such facilities to be established across petroleum industry hubs in Niger Delta. According…
Sylva commissions NCDMB Research Incubation Centre, launches $50m R&D Fund
The Minister of State for Petroleum Resources, Chief Timipre Sylva has commissioned the Technology Incubation and Innovation Center and formally launched the US$50 million Nigerian Content Research and Development Fund, all initiatives of the Nigerian Conten tDevelopment and Monitoring Board…
FG lays frameworks for innovation in petroleum industry
Sopuruchi Onwuka With the global movement for energy transition driving massive divestment of brownfield and medium value assets by multinational oil firms in Nigeria, government have started laying strong foundation for local technical capacity development to position indigenous companies to…
Solve problems with enterprise, Wabote charges youths
Sopuruchi Onwuka Nigerian Content Development and Monitoring Board (NCDMB) has canvassed development and empowerment policies to harness the nation’s large population of youths in solving the nation’s social and economic challenges. Executive Secretary, Engr. Simbi Wabote, stated at a virtual…
NCDMB hauls N26 bn at local tech innovation
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) is to activate a $50 million or N26 billion fund it mapped out to facilitate innovation in the domestic petroleum industry and wider economy. Roll out of the fund will…
Wabote becomes African Local Content Icon
Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has been selected for the African Local Content Icon Award by the 2021 African Business Leadership Awards (ABLA). The award organized by the African Leadership…
