Business & Economy
NCDMB Hosts Ghana National Oil Coy on Local Content Benchmarking Study
By David Owei,Bayelsa
A NCDMB Hosts Ghana National Oil Coy on Local Content Benchmarking Study
) has visited the Nigerian Content Development and Monitoring Board (NCDMB) on a knowledge sharing and local content benchmarking study, with a view to deepen their understanding of the Board’s local content development practices in the areas of policy frameworks and implementation strategies, among other things.
The delegation, led by the Director of Corporate Affairs at GNPC, Mr. Eric Pwadura, is on week tour of the NCDMB corporate headquarters, Yenagoa, Bayelsa State and was received on Monday by the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe.
Welcoming the delegation, the Executive Secretary remarked that Africa has evolved over the last three to four decades, growing its hydrocarbon resources to over 120 billion barrels of crude oil reserves and 800 trillion standard cubic feet of gas, which constitute over 10 per cent of hydrocarbon resources globally.
He pointed out that as a hydrocarbon resource continent, it is in the national interest of the producing countries to prioritise local content development, paying particular attention to the necessity of reversing the trend of dependency on foreign technology for exploration, field development and production activities. The countries have to look inward for the capabilities to exploit their resources, he said.
Represented by the Director, Corporate Services of the NCDMB, Dr. Abdulmalik Halilu, the NCDMB boss explained the potential of “crude oil as commodity for economic transformation,” noting that Africa has the advantage of a huge youth population, that is,
the labour force, which should be made to acquire the requisite skills for industry operations.
He recalled that Nigeria’s local content journey began with the Local Content Division in the defunct Nigerian National Petroleum Corporation (NNPC), managing local content issues in the oil and gas industry through mere policy directives, and transformed into the NCDMB we have today. “We have evolved from a policy to an institution,” he enthused, adding, “NCDMB is the sole agency responsible for local content” in Nigeria.
He disclosed that NCDMB Board introduced the Nigerian Content 10-Year Strategic Roadmap, which comprises five strategic pillars, namely, Technical Capability Development, Compliance and Enforcement, Enabling Business Environment, Organisational Capability, and Sectoral and Regional Markets, as well as five enablers, namely, Funding, Regulatory Environment, Collaboration and Stakeholder Engagement, and Research and Development.
Among strategies for capacity building, Engr. Ogbe listed the Nigerian Content Intervention Fund (NCI Fund), which it operates through development finance institutions like the Bank of Industry (BOI) and Nigerian Export-Import Bank (NEXIM) to provide single digit loans to service companies. “What we have done is to create that access to make the local service companies competitive,” he explained, adding that the facility has enabled indigenous companies to acquire critical assets and facilities, including marine vessels operating in Nigeria.
He pointed out that when capacities are built, they must be utilised, hence the Board incentivises investments through a policy of First Consideration that favours indigenous companies with demonstrable capabilities.
He advised African countries seeking to broaden indigenous participation in the oil and gas industry that “local content does not compromise standards…it does not mean you have African spec, European spec,” adding, “It’s one global spec.”
In focused presentation on the Nigerian Content 10-Year Strategic Roadmap, Assistant Manager in the Strategy and Transformational Projects, NCDMB, Dr. Zuwairat Asekome, gave highlights of the journey of the Board, beginning with the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, through successive
stages of growth in the implementation of local content policy and monitoring to the present, when it has successfully raised in-country value addition in the industry to 61 per cent.
In his response, Mr. Eric Pwadura expressed profound appreciation for the privilege to participate in a programme for knowledge sharing at the NCDMB, stating, “Even though we have the legislation guiding local content, we have not had the benefit of having a robust local content environment like you have.”
According to him, “If we take our organization (Ghana National Petroleum Corporation), for example, what we have is a local content unit. That’s currently the structure that we have,” adding, “We want to have a deeper understanding of your local content development programme.”
In his remarks, the Director, Monitoring and Evaluation of the NCDMB, Esueme Dan Kikile Esq. noted the high interest of African oil producing countries in local content. “It’s important that we work together; we are happy to continue to share our experience in oil and gas, share our experience in local content,” he stated.
In an opening address, the General Manager, Corporate Communications Division (CCD), NCDMB, Dr. Obinna Ezeobi, explained that “Nigeria and Ghana have had a long history of collaboration in the energy sector, and that the NCDMB and the GNPC have had fruitful interactions at international conferences. He said NCDMB had mentored several African organsations on local content. NCDMB, he added, has a Memorandum of Understanding (MOU) with the Petroleum Commission Ghana, the National Content Monitoring Committee of Senegal (ST-CNSCL), as well as partnerships with related agencies in Mozambique, Angolan, and Namibia.
Other delegates from the Ghana National Petroleum Corporation are Mrs. Jennifer Boateng, Adviser, General Services; Mr. Augustine Bayivella, Principal, Supply Chain and Local Content Development Officer, and Mr. Seidu Salim Braimah, Manager, Supply Chain and Local Content Development.
Business & Economy
Livestock Ministry debunks N140m Emir Palace budget report, says items belong to Veterinary College
By AbdulGaneey Akanbi
The Federal Ministry of Livestock Development has debunked reports circulating in sections of the media and on social media alleging that it budgeted funds for the rehabilitation of Emir Palaces and Mosques in the 2026 budget.
In a press statement issued weekend by the Head of Information and Public Relations, Henrietta Okokon, the ministry described the reports as “false and misleading.”
The statement stated categorically that the budgetary provisions being referenced are not contained in the Headquarters budget of the Federal Ministry of Livestock Development.
It explained that the items were wrongly attributed to the ministry, but are actually contained in the budget of the Federal College of Veterinary and Medical Laboratory Technology, Vom, Plateau State.
“Rather, they are contained in the budget of the Federal College of Veterinary and Medical Laboratory Technology, Vom, Plateau State, a self-accounting institution with its own distinct budgetary allocations,” the statement read.
The ministry noted that the sum of N140 million allegedly budgeted for the rehabilitation of Emir Palaces and Mosques in Kaduna State, among other unrelated projects, does not form part of its programmes and priorities.
It said the erroneous attribution has created the impression that the ministry appropriated funds for projects outside its mandate.
The ministry recognized the legitimate concerns raised regarding the alignment and clarity of budgetary proposals submitted by institutions under its supervision.
It assured that in line with its commitment to transparency, accountability and prudent management of public resources, it will strengthen coordination with its agencies to ensure budget proposals are aligned with institutional mandates and clearly articulated.
The statement urged members of the public, media organisations and other stakeholders to distinguish between the budget of the Federal Ministry of Livestock Development and the separate budgets of its agencies and institutions before drawing conclusions or publishing reports.
“As partners in public information, we encourage journalists and media houses to actively verify data with relevant official government sources and seek necessary clarifications prior to publication,” Okokon stated.
The ministry said this collaborative approach will ensure the public receives accurate, verified reporting while preventing the spread of misleading information.
Business & Economy
North/C Dev.Com:N2.9billion per month is a drop in an ocean – Senate tells FG
By George Mgbeleke
The Senate Tuesday through its committee on North Central Development Commission ( NCDC), described the N2.9billion monthly allocation being given to the commission as grossly inadequate when compared to N140billion budget size earmarked for the commission in 2026.
Speaking to journalists after interactive session between the committee and management of the commission , Senator Titus Zam in his capacity as Committee Chairman , said the N2.9billion monthly allocation being given to NCDC will at the end of the year not up to half of projected budgetary allocation for it .
He posited that the N2.9billion monthly allocation from the N140billion budgetary appropriation, is a temporary package which would be improved upon .
” If you give someone that has a budget of 140 billion, N2.9 billion per month, in 12 months, it won’t be up to half of the entire budgetary sum .
“I suppose that is just a temporary package. When the commission finally comes to fruition, much more funds will be released. So we thank Mr. President, we thank the executive for dropping something now but look forward for more “, he said .
He however added that the Senate Committee will see to judicious spending of the little allocation being collected by the commission now by guiding it on areas that should be focused on .
” North Central is mostly an agricultural land. We have arable land, we have good rainfall, we have vegetation, there’s policy for agriculture. We need the department of NCDC to take agriculture very seriously.
“We also have a challenge of insecurity. The commission is advised to support the security forces and state government to complement their efforts towards mitigating the tides of insecurity within the region.
“We also ask them to take rural development very seriously because we are also rural in nature”, he said .
Business & Economy
Senate threatens NCAA, SMEDAN, ITF, others with sanctions for failing to appear before it,….Cost of Import Duty Exemption rose to N34trillon in 2025-Customs
By George Mgbeleke
Visibly angry at the absence of some key revenue earning of the federal government at Senate public hearing by Senate Committee on Finance on Monday,the panel threatened heads of the Nigerian Civil Aviation Authority (NCAA), Small and Medium Enterprises Development Agency of Nigeria ( SMEDAN), Industrial Training Fund ( ITF), Federal Medical Centre ( FMC) Jabi etc , with severe sanctions for failing to appear before it .
This is as Comptroller – General of Nigeria Customs Service ( NCS), Bashir Adewale Adeniyi has declared that costs of Import Duty Exemption Certificates ( IDEC) approvals on some imported goods and equipments, which commenced in March 2020, rose to N34trillion in 2025.
The Customs CG at the investigative session the committee had with some revenue generating agencies on Monday , said policies of government at different times affect revenue generating capacity of Customs , positively or negatively.
According to him , Customs as a leading revenue generating agency , would have generated far above , what it did in the past years ,if not for some government policies and other extraneous factors that inhibited it from doing so
He specifically informed the committee that Import Duty Exemption Certificates ( IDEC) on some goods and equipments introduced in March 2020 , is one of such policies inhibiting Customs revenue generation .
“IDEC approvals reached about ₦34 trillion in 2025 60% of which as rightly done by government related to military hardware procurements which attracted duty exemptions because of Nigeria’s prevailing security challenges.
” Other government-backed waivers, included
Importation of Compressed Natural Gas (CNG), electric and hybrid vehicles, Healthcare equipment and medical supplies; Industrial machinery and manufacturing inputs; and
Food import intervention programmes”, he said .
He however explained that fiscal policy should not be viewed solely from the perspective of revenue generation but also in terms of achieving broader economic and social objectives but suggested that government should establish stronger monitoring mechanisms to assess whether beneficiaries of duty waivers were delivering the intended economic benefits, such as lower prices, increased production and improved healthcare access.
Earlier in his submission , he said out of the N11. 04trillion revenue projected for 2026, N4.5trillion was generated by 30th of June , leaving balance of about N7trillion left to meet up with the set target for the fiscal year .
However, Bello Gulmare who represented Fiscal Responsibility Commission ( FRC) as Deputy Director , Monitoring &:Evaluation , alleged that Customs as at 2019, has N8.9billion liability of non – remittance of operating surplus into the Consolidated Revenue Fund ( CFR) , which was vehemently kicked against by Customs .
Similar liability on non remittance of operational surplus was made to the Corporate Affairs Commission ( CAC) , totalling N13.9billion from 2023 to 2025 which the Registrar – General of CAC , Hussaini Ishaq Magaji said was being upset gradually .
The committee chaired by Senator Sani Musa ( Niger East), however directed that CAC, the FRC and the committee should hold a meeting to reconcile the details in order to ascertain the exact outstanding balances.
” Detailed report on outcome of the planned meeting , should be ready within the next two weeks for another interface with CAC .
” Heads of agencies like NCAA , ITF , SMEDAN , FMC Jabi etc , who failed to physically attend today’s session , should unfailingly make themselves available at next sitting or risk severe sanction through invocation of relevant section of our rules against them”, he warned .
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