Felix Ogbe, the executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), revealed that Nigeria now retains 56 percent of its oil and gas industry expenditure, a major leap from just 5 percent in 2010.
Speaking at a local content event in Yenagoa, Bayelsa State, Ogbe credited this significant achievement to the sustained implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010.
The announcement coincides with the 15th anniversary of the Act and underscores its critical role in deepening indigenous participation and building national capacity across the oil and gas value chain.
Read more at Businessday
Speaking at a local content event in Yenagoa, Bayelsa State, Ogbe credited this significant achievement to the sustained implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010.
The announcement coincides with the 15th anniversary of the Act and underscores its critical role in deepening indigenous participation and building national capacity across the oil and gas value chain.
Read more at Businessday