Nigeria's Local Content Surpasses 61% with $20bn Investments

The Nigerian oil and gas sector has seen local content rise to over 61%, with total investments climbing above $20 billion since the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in 2010. The Nigerian Content Development and Monitoring Board (NCDMB) is set to host a seminar on local content growth on July 6, 2026, in Abuja, themed "Shape the Next Phase of Local Content Growth." This seminar will focus on enhancing indigenous firms' capabilities in engineering, manufacturing, and operations, particularly in new offshore projects such as Shell's $2 billion Hi Field and the $5 billion Bonga North deepwater project.

NCDMB Executive Secretary Felix Omatsola Ogb stated that the board aims to address technical skill gaps and reduce reliance on expatriate expertise by training 10,000 Nigerians. Portfolio Country Director for DMG Nigeria, Wemimo Oyelana, emphasized that the conversation around local content has shifted from mere percentage targets to developing real industrial capabilities.