Nigeria Targets 70% Local Content in Oil and Gas by 2027

Nigeria's oil and gas sector has made substantial advancements due to over two decades of Nigerian Content policy implementation. The Nigerian Content Development and Monitoring Board (NCDMB) has established a target of achieving 70% Nigerian Content participation by 2027.

This progress is marked by increased involvement of Nigerian companies across various segments of the oil and gas value chain, which were previously dominated by foreign contractors. Nigerian professionals are now occupying technical, operational, and executive roles that were historically held by expatriates.

Indigenous service companies have invested significantly in facilities, equipment, and technology partnerships. However, as the industry approaches its next maturity stage, there is a call to focus not just on participation rates but on developing enduring capabilities.

The NCDMB emphasizes that while participation percentages are important, the ultimate goal should be to enhance the complexity of work that Nigerian companies can perform to meet international standards.