NCDMB lauds Dangote Group on local content law compliance

The Nigerian Content Development and Monitoring Board (NCDMB) has commended the management of Dangote Petroleum Refinery and Petrochemical (DPRP) over its adherence to the local content law in the execution of its projects. This is just as the board expressed its intention to partner the group for effective implementation of the Local Content policy in […]

Refineries to fully function by 2019 – Ibe Kachukwu

The Minister of State for Petroleum, Dr Ibe kachukwu, has said that it would be sad if the nation’s refineries are not functional by the end of 2019. According to him, the present administration is committed to ensuring that the importation of petroleum products is curtailed. Kachukwu stated this on Thursday in Ibigwe-Ohaji in Ohaji\Egbema […]

NCDMB to commence disbursement of $200m NCIF soon

In a bid to fast-track the local content development in the nation’s oil and gas sector, Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday said it would commence soon the disbursement of the $200 million Nigeria Content Intervention Fund (NCIF) . The Board’s Manager, Corporate Communications, Naboth Onyesoh, in a statement confirmed that it […]

NCDMB to save FG N5Bn yearly on exclusion from budgets

The Nigerian Content Development and Monitoring Board, NCDMB, has said that following the exclusion of its yearly operating cost from federal budget effective this fiscal year, government will be saving at least N5 billion annually. By the fiscal arrangement, the Board will now depend on the Nigerian Content Intervention Fund (NCIF) to finance its operations. […]