Nigeria’s Nigerian Content Development and Monitoring Board has unveiled a new strategy to deepen local content in the oil and gas sector, prioritising manufacturing, industrialisation and joint industry capacity audits, announced at the 25th Nigeria Oil and Gas Energy Week Conference in Abuja. Local participation in the sector has risen from under 5 percent in 2010 to 61 percent in 2026. The new framework categorises service providers into five classes, with Class 4 (‘Emerging Players’) and Class 5 (‘Essential Vendors’) forming the basis of a vendor development programme offering technical partnerships, financing access and market guarantees to help local vendors evolve into original equipment manufacturers. Joint industry capacity audits of local manufacturers and service providers are set to begin in the third quarter of 2026, and NCDMB has made a valid Nigerian Content Development Fund compliance certificate a mandatory prerequisite for regulatory engagement and industry participation.
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