• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, October 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Oil and Gas Content law helping cable business – CAMAN

by Chika Izuora
2 months ago
in Business
CAMAN
Share on WhatsAppShare on FacebookShare on XTelegram

Local cable manufacturers, under the Cable Manufacturers Association of Nigeria (CAMAN), have confirmed the expansion of investment influence in Nigeria’s oil and gas industry.

Advertisement

The group cited the successful implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act as key to their success story.

President of the association, Bukola Adubi, while speaking in Abuja during a just-concluded energy summit, said the Act has been instrumental in the growth and advancement of Nigeria’s cable manufacturing sector.

Advertisement

Adubi, also the chief executive officer of MicCom Cables and Wires Limited, emphasised that the legislation had created opportunities for indigenous cable manufacturers to thrive.
She said that the NOGICD Act had been pivotal in my industry’s growth (cables and wires).

Since its enactment in 2010, the NOGICD Act has been central in promoting indigenous participation, skill development, and value addition in Nigeria’s oil and gas industry. She noted that recent policy actions, including Presidential directives and the ‘Nigeria First Policy,’ have been introduced to reduce operational costs, attract investment, and stimulate local production.

Adubi also said that MicCom Cables is scaling up its operations as part of a renewed growth strategy to increase visibility and market share across Nigeria. “We are expanding our scope and increasing our visibility across key markets within Nigeria,” she said, adding that the firm’s goal is to ensure that Nigerian-made cables are widely recognised for their quality and reliability.

RELATED NEWS

Nigerians Now Trading US Stocks, ETFs — Chen

Petroleum Act Boosts Upstream Oil Sector With $40bn Investments

SERAS Africa Sustainability Awards 2025 Closes with Record 325 Entries

iStore Opens New Apple Premium Reseller Store In Abuja

Despite challenges such as the surging cost of copper, now nearing $10,000 per metric ton, she noted that the company remains committed to high production standards and brand integrity. She said that all we have, beyond infrastructure, is our name, equity, and association with excellence.

Adubi also stressed the importance of making International Oil Companies (IOCs) recognise the capabilities of Nigerian manufacturers, insisting that local content should translate into performance and global competitiveness.

The CAMAN president encouraged more member companies to obtain the certifications required to participate in the oil and gas value chain, noting that some members already supplying to the industry are performing well and helping to boost confidence in local production.

Join Our WhatsApp Channel

SendShare10170Tweet6357Share
Chika Izuora

Chika Izuora

OTHER NEWS UPDATES

Nigerians Now Trading US Stocks, ETFs — Chen
Business

Nigerians Now Trading US Stocks, ETFs — Chen

6 hours ago
NUPRC’s Demand For Full Disclosure
Business

Petroleum Act Boosts Upstream Oil Sector With $40bn Investments

11 hours ago
SERAS Awards Announce Entries For 19th Edition
Business

SERAS Africa Sustainability Awards 2025 Closes with Record 325 Entries

11 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Lagos Police Arrest 5 Suspected Cultists, Recover Firearms

2 minutes ago

2 Men Docked For Alleged Theft Of Goats In Ekiti

2 minutes ago

Group Protests Alleged Sabotage Of Local Refining By Oil Cabals In Kaduna

5 minutes ago

CAN Seeks Nationwide Support For Measles, Rubella Vaccination Campaign

28 minutes ago

ASUU Mobilises Varsities For Strike As Ultimatum Nears Expiration

51 minutes ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

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

© 2025 Leadership Media Group - All Rights Reserved.