• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NCDMB Seeks Content Devt Fund’s Exclusion From Revenue Deductions

by Chika Izuora
3 weeks ago
in Business
NCDMB
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Content Development and Monitoring Board (NCDMB), has highlighted ongoing efforts to develop a robust oil and gas industry that will further promote local content and address skill gaps in the industry.

Advertisement

The board said this would be accelerated with strong infrastructure backing and legislative reforms and also by excluding the Nigerian Content Development Fund from revenue deductions in line with Section 104 of the NOGICD Act.

The NCDMB further provided an update on its ongoing project plans when the Senate Committee on Local Content came visiting on assessment tour.

In his presentation on NCDMB Activities, during the visit, the executive secretary, Engr. Felix Omatsola Ogbe provided critically important facts on the NOGICD Act, Nigerian Content Implementation Framework, NCDMB Organisation Structure, NCDMB Office Locations, Expenditure and Revenue Analysis, Business Enabler Footprint, Summary of Investments, Success Stories, Look Ahead – Retooling for Stability and Growth, and Support Required.

Speaking on the Nigerian Content Implementation Framework, he highlighted Guidelines and Regulations, drawing attention to policies and tools, which included Nigerian Oil and Gas Industry Content Joint Qualifications System (NOGIC JQS), Nigerian Content Development Fund (NCDF), industry collaboration, as well as gap analysis, among other things.

RELATED

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

4 hours ago
FUEL CRISIS…Hold Marketers Responsible For Long Queues – Dangote

Dangote Refinery Slashes Petrol Price To N840

9 hours ago

The ES, who was represented by the director of Corporate Affairs, Alhaji Abdulmalik Halilu disclosed that the Board has recorded success in the Nigerian Content Intervention Fund (NCIF) managed by the Bank of Industry (BOI) with over 90 per cent repayment.

Halilu highlighted some recent striking accomplishments of the Board as facilitating of 10,000 metric tonnes (MT) capacity galvanising plant, commissioned at Daewoo Yard, Port Harcourt, which has ramped up local galvanizing capacity to over 180,000MT; NEDO 300MMscfd Kwale Gas Gathering Plant, Delta State.

NCDMB Nigerian Oil and Gas Parks Scheme (NOGaPS) at Emeyal 1, Bayelsa State, and Odukpani, Cross River State, which are at 90 per cent completion level;10 megawatt Power Plant, and EGINA floating production storage and offloading (FPSO) integration facility, the first and largest in Africa.

 

Speaking on the next phase, Halilu highlighted the Board’s ongoing construction of the NCDMB Gas Hub for gas-based industries and the work on its eight industrial parks across the country as well as the human capacity development programme christened Back-to-the-Creeks Initiative.

 

He asked the legislators to support the Board by excluding the Nigerian Content Development Fund from revenue deductions in line with Section 104 of the NOGICD Act. The Board would also want the challenge of infrastructure to be addressed as well as a strengthening of local content laws by ensuring that legislations for the growth of other sectors are properly aligned with local content philosophy.

 

He asked the legislators to support the Board by excluding of the Nigerian Content

 

Development Fund from revenue deductions in line with Section 104 of the NOGICD Act.

 

The board would also want the challenge of infrastructure to be addressed as well as a strengthening of local content laws by ensuring that legislations for the growth of other sectors are properly aligned with local content philosophy.

 

The chairman of the Committee, Senator Joel Onowakpo Thomas who spoke after an oversight visit on the Board facilities and projects sites within Bayelsa State commended the Board for how it has implemented its enabling statute, the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010.

 

He said, NCDMB has demonstrated the requisite capacity for actualisation of the objectives of the Act, and that the enabling environment for oil and gas industry operations, growth of indigenous businesses, job creation and development of industry-related skills, would be vigorously pursued by the Committee at the National Assembly.

 

The chairman reaffirmed President Bola Tinubu’s commitment to growing local capacity in the oil and gas and other sectors as a sure way of creating employment.

 

He said, “ let me say that the benefits of local content cannot be overemphasised. It will lead to the creation of jobs for our people, development of critical assets and skills , growth of local businesses, improved balance of payments and reduction of dependence on foreign goods services.

 

“To achieve these benefits, collaborations between the Senate committee and board of the NCDMB is essential as we would work closely with the NCDMB to ensure that the provisions of the Act are implemented effectively.”

 

Also, the Committee vice chairman, Senator Ede Dafinone, assured that the National Assembly would collaborate with the NCDMB to enthrone a resilient and Nigerian-driven oil and gas industry.

 

According to him, “They have shared with us areas where the Senate can help expand and strengthen their programmes. We are ready to engage further and support the Board in building a more robust and Nigerianised oil and gas industry.”

 

Other members of the Senate Committee on the oversight visit were Senators Osita Izunaso, Ipalibo Gogo Banigo, Ireti Heebah Kingibe, Aniekan Bassey, Eze Kenneth Emeka, Ezra Okechukwu, Isa Shu’aibu Lau, Tony Nwoye, John Williams Eno, Amos Yohana, and Ezra Okehukwu.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Nigerian Content Development and Monitoring Board (NCDMB)
SendShareTweetShare
Previous Post

Oando Foundation To Bridge Educational Gaps In Nigeria

Next Post

FIRS Unveils Revised Operating Procedure To Harmonise Tax Payment

Chika Izuora

Chika Izuora

You May Like

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director
Business

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

2025/07/01
FUEL CRISIS…Hold Marketers Responsible For Long Queues – Dangote
Business

Dangote Refinery Slashes Petrol Price To N840

2025/07/01
Carloha Nigeria Supports Lifemate’s Anniversary With New Vehicle
Business

Carloha Nigeria Supports Lifemate’s Anniversary With New Vehicle

2025/07/01
Kiss918 Table Games: A Chill Malaysian Guide To Winning Big
Business

Kiss918 Table Games: A Chill Malaysian Guide To Winning Big

2025/07/01
External Reserves Decline $3.5bn In 6 Months
Business

External Reserves Decline $3.5bn In 6 Months

2025/07/01
Nigeria Suffers Large Drop As OPEC’s April Output Down By 440,000bpd
Business

OPEC Plans Production Increase In August To Regain Market Share

2025/07/01
Leadership Conference advertisement

LATEST

From Extraction To Enablement

Professor Dambatta Emerges New Vice Chancellor Of Bayero Varsity Kano

No Land Allocated To Wike’s Children, FCTA Insists

Federal Gov’t Approves N65bn Disbursement To Health Facilities

Dantata: Senate Postpones North-West Constitution Review Public Hearing

PICTORIAL: Late Businessman Aminu Dantata Buried In Saudi Arabia

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

‘Buhari Left Office Broke But With Integrity Intact’, Says Spokesman Garba Shehu

YPP Elects Madaki, 10 Other Flagbearers For 2026 AMAC Chairmanship, Councillorship Polls

JUST-IN: Atiku, Mark, Lamido, Others In Closed-door Meeting

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.