NNPC, NCDMB, IOCs Sign MoU To Reduce Contracting Cycle

The Nigerian National Petroleum Company (NNPC) Limited, Nigerian Content Development and Management Board (NCDMB) and international oil companies (IOCs) operating in the country, have signed a Memorandum of Understanding (MoU) to reduce the cycle of contracts within the sector.

The MoU will contribute to Ease of Doing Business, as well as reduce cost and drive efficiency in Nigeria’s Oil and Gas industry.

The NNPCL disclosed the development via its official X (formerly Twitter) handle on Monday.

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