$10Bn And Counting: NCDMB Shows Off (NOGICD) Act-Facilitated Investment In 36 Months

○ ‘The Oliver Twist Effect;’ How Nigeria Stole The Show At ADIPEC, Convinced The World To Invest Again

○ The Full message GM, Corporate Communications, Dr. Obinna Ezeobi, delivered on behalf of NCDMB’s Executive Secretary , Engr. Felix Omatsola Ogbe, at a Strategic Leadership Roundtable Briefing held on the ADIPEC Energy Conference in Abu Dhabi, United Arab Emirates

ABU DHABI — While the world’s oil giants gathered in Abu Dhabi to argue about the way forward for vitality, Nigeria got here with a easy message: we’re open, we’re prepared, and we’re already profitable.

NOP NIGERIA stories that Nigerian Content Development and Monitoring Board (NCDMB) has underscored Nigeria’s rising attractiveness as a vacation spot for oil and fuel investments, highlighting current coverage reforms and Nigerian content material initiatives which have helped safe main business tasks and funding commitments.

The message was delivered on Wednesday at a Strategic Leadership Roundtable Briefing held on the ADIPEC Energy Conference in Abu Dhabi, United Arab Emirates, by the General Manager, Corporate Communications, Dr. Obinna Ezeobi, who represented the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe.

The high-level roundtable, themed “Delivering the Energy the World Needs: Recalibrating Upstream Projects,” introduced collectively 21 world business leaders to debate essential points shaping the way forward for the vitality business, with a concentrate on investments, mission supply, financing, and sustainable progress. It was not a chat store. It was a boardroom the place billions are determined.

During his presentation, Dr. Ezeobi outlined NCDMB’s core mandate of creating Nigerian human and materials capacities, guaranteeing compliance with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, in addition to enabling investments throughout the Nigerian oil and fuel sector. In plain language: construct Nigerians, construct Nigerian firms, and ensure the wealth stays residence.

Then got here the quantity that silenced the room. He famous that Nigeria’s oil and fuel business has attracted worldwide oil and fuel investments and tasks valued at over $10 billion inside the previous three years, attributing this achievement to focused Executive Orders and strategic incentives launched by the administration of President Bola Ahmed Tinubu.

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The ultimate funding selections (FIDs), he stated, have been additionally enabled by coverage reforms carried out by key companies just like the NCDMB, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian National Petroleum Company Limited (NNPC Ltd). These reforms have considerably enhanced investor confidence and improved the competitiveness of the Nigerian vitality sector, he added.

Dr. Ezeobi famous that NCDMB’s sustained engagement and partnership with key business stakeholders, notably working firms, have been equally instrumental in attaining current FIDs and advancing main investments throughout the sector. It was not luck, he argued. It was deliberate, affected person reform.

Among the Board’s key initiatives that revitalised the sector, he cited the revised Nigerian Content Contracting Guidelines, which have streamlined mission approval processes, in addition to the Nigerian Content Equipment Certificate (NCEC) Guidelines. The latter is designed to remove the participation of non-performing middleman firms in business operations whereas enabling Original Equipment Manufacturers (OEMs) to supply providers instantly for deepwater tasks.

He invited worldwide working and repair firms to Nigeria, assuring that “NCDMB will continue to support an environment in which international investments thrive alongside Nigerian enterprise, where technology transfer leads to stronger domestic capability and major projects create opportunities for local manufacturing, and value addition and companies can compete beyond our borders.”

The Nigerian delegation to the roundtable included the Managing Director of NNPC E&P Limited, Mr. Nicolas Foucart, and the Managing Director of NNPC 18 Operating Limited, Ms. Ibiyemi Asaolu. Discussions examined funding alternatives, methods for navigating advanced working environments, and approaches to supporting long-term business progress. Participants really useful sensible measures to diversify upstream financing, speed up discipline assessments, strengthen mission supply mechanisms, enhance hydrocarbon restoration, and construct a extra resilient vitality future.

NCDMB had arrange an exhibition sales space on the 2026 ADIPEC Conference, and used the platform to clarify native content material processes to world stakeholders, have interaction and appeal to potential traders. The Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, accompanied by Chairman of PETAN, Engr. Wole Ogunsanya, have been a few of the key Nigerian stakeholders that visited the sales space.

The Minister challenged the Board to companion with key companies of the Nigerian oil and fuel business to stage an imposing showcase at main oil and fuel conferences and positively mission the Nigerian oil and fuel business as a beautiful funding vacation spot. In Abu Dhabi, Nigeria didn’t simply present up. It confirmed off — and with $10 billion already within the bag, the world is lastly listening.

NOP NIGERIA