Oil and Gas Content law helping cable business – CAMAN

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.

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.

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.

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.