• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
At MAN AGM, NCDMB Underlines Importance of Manufacturing, R&D to 70% Local Content Target

At MAN AGM, NCDMB Underlines Importance Of Manufacturing, R&D To 70% Local Content Target

12 months ago
Nigeria Rejects Trump’s ‘Country Of Particular Concern’ Tag

Nigeria Rejects Trump’s ‘Country Of Particular Concern’ Tag

4 hours ago
HT Exclusive: First G20 Summit In Africa: The Expectations After Turbulent Presidency

HT Exclusive: First G20 Summit In Africa: The Expectations After Turbulent Presidency

10 hours ago
Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

10 hours ago
US: Supreme Court Permits Trump To Revoke Legal Status Of 500,000 Migrants

Trump Says Christians In Nigeria Face ‘Existential Threat’

20 hours ago
SA Proposes To Buy LNG From U.S. In Exchange For Duties Exemption

Ramaphosa Mocks Trump’s Refugee Policy Favouring White South Africans

21 hours ago
Saturday, November 1, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

    Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

    Cameroon: Opposition Leader Directs Supporters To Shutdown Country For 3 Days

    Cameroon: Opposition Leader Directs Supporters To Shutdown Country For 3 Days

    APEC Summit: Trump, Xi Agree To De-Escalate Trade Tensions

    APEC Summit: Trump, Xi Agree To De-Escalate Trade Tensions

    Tanzania Election: Police Disperse Opposition Supporters With Teargas

    Burkina Faso: Parliament Votes To Dissolve Electoral Commission

    Tanzania Election: Police Disperse Opposition Supporters With Teargas

    Tanzania Election: Police Disperse Opposition Supporters With Teargas

    Tanzania: Rallies End As Presidential Election Takes Place Wednesday

    Tanzania: Rallies End As Presidential Election Takes Place Wednesday

    Cameroon: Opposition Candidate Kicks As Electoral Commission Declares Biya Winner

    Cameroon: 92-Year-Old Biya Wins Fresh Term After 42 Years In Power

    Djibouti: Parliament Removes Presidential Age Limit, Clears Way For 77-Year-Old Leader

    Djibouti: Parliament Removes Presidential Age Limit, Clears Way For 77-Year-Old Leader

    Cambodia’s PM Nominates Trump For Nobel Peace Prize

    Cambodia’s PM Nominates Trump For Nobel Peace Prize

  • Economy
    Nvidia In Talks To Invest In Arm IPO

    Nvidia Becomes World’s First $5 Trillion Company

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    Namibia: President Netumbo Targets Women, Young People In Empowerment Agenda

    Namibia: President Nandi-Ndaitwah Takes Charge Of Mines and Energy Ministry

    PwC Exits Nine African Nations in Major Business Shift

    PwC Report: Nigeria, Kenya, South Africa Lead Africa Entertainment Media 

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    In Major Move To Clean Energy Diversification, Angola Will Inaugurate First Copper Mine

    In Major Move To Clean Energy Diversification, Angola Will Inaugurate First Copper Mine

    Zimbabwe: Governing Party Plans 2 Years Extension Of President’s Term

    IMF Projects Zimbabwe As Southern Africa’s Best-Performing Economy In 2025

    MWC25 Kigali: Kagame Urges Bold Reforms To Build A Connected, Competitive Africa 

    MWC25 Kigali: Kagame Urges Bold Reforms To Build A Connected, Competitive Africa 

    US-China Trade Dispute A Threat To Global Economic Output, WTO Warns

    US-China Trade Dispute A Threat To Global Economic Output, WTO Warns

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

    Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

    Cameroon: Opposition Leader Directs Supporters To Shutdown Country For 3 Days

    Cameroon: Opposition Leader Directs Supporters To Shutdown Country For 3 Days

    APEC Summit: Trump, Xi Agree To De-Escalate Trade Tensions

    APEC Summit: Trump, Xi Agree To De-Escalate Trade Tensions

    Tanzania Election: Police Disperse Opposition Supporters With Teargas

    Burkina Faso: Parliament Votes To Dissolve Electoral Commission

    Tanzania Election: Police Disperse Opposition Supporters With Teargas

    Tanzania Election: Police Disperse Opposition Supporters With Teargas

    Tanzania: Rallies End As Presidential Election Takes Place Wednesday

    Tanzania: Rallies End As Presidential Election Takes Place Wednesday

    Cameroon: Opposition Candidate Kicks As Electoral Commission Declares Biya Winner

    Cameroon: 92-Year-Old Biya Wins Fresh Term After 42 Years In Power

    Djibouti: Parliament Removes Presidential Age Limit, Clears Way For 77-Year-Old Leader

    Djibouti: Parliament Removes Presidential Age Limit, Clears Way For 77-Year-Old Leader

    Cambodia’s PM Nominates Trump For Nobel Peace Prize

    Cambodia’s PM Nominates Trump For Nobel Peace Prize

  • Economy
    Nvidia In Talks To Invest In Arm IPO

    Nvidia Becomes World’s First $5 Trillion Company

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    Namibia: President Netumbo Targets Women, Young People In Empowerment Agenda

    Namibia: President Nandi-Ndaitwah Takes Charge Of Mines and Energy Ministry

    PwC Exits Nine African Nations in Major Business Shift

    PwC Report: Nigeria, Kenya, South Africa Lead Africa Entertainment Media 

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    In Major Move To Clean Energy Diversification, Angola Will Inaugurate First Copper Mine

    In Major Move To Clean Energy Diversification, Angola Will Inaugurate First Copper Mine

    Zimbabwe: Governing Party Plans 2 Years Extension Of President’s Term

    IMF Projects Zimbabwe As Southern Africa’s Best-Performing Economy In 2025

    MWC25 Kigali: Kagame Urges Bold Reforms To Build A Connected, Competitive Africa 

    MWC25 Kigali: Kagame Urges Bold Reforms To Build A Connected, Competitive Africa 

    US-China Trade Dispute A Threat To Global Economic Output, WTO Warns

    US-China Trade Dispute A Threat To Global Economic Output, WTO Warns

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

At MAN AGM, NCDMB Underlines Importance Of Manufacturing, R&D To 70% Local Content Target

November 8, 2024
in Economy, Top Stories
0
At MAN AGM, NCDMB Underlines Importance of Manufacturing, R&D to 70% Local Content Target
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By John Ikani

The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday in Port Harcourt, Rivers State outlined its programmes designed to enhance local manufacturing and research and innovation, emphasising that the growth of Nigerian Content demands strengthening of in-country industrial capabilities.

Relatedreading

Nigeria Rejects Trump’s ‘Country Of Particular Concern’ Tag

Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

Speaking at the 40th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN), Rivers and Bayelsa branch, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, said the Board is working towards a target of 70 per cent local content by 2027 and that substantial growth of manufacturing capabilities in the oil and gas industry was imperative for success.

“Local content in the oil sector,” he declared, “is not the mere award of contracts to Nigerian firms,” but is majorly the manufacturing of components required by that industry and linkage sectors, which the NCDMB has undertaken to promote through the establishment of the Nigerian and Gas Parks Scheme (NOGaPS), a $50 million Nigerian Oil and Gas Parks Manufacturing Product Fund, and Equipment Components Manufacturing Initiative (ECMI).

According to him, the idea of NOGaPS, for which critical infrastructure like power and access roads are being provided, is “to develop oil and gas parks close to oil fields where we can incubate the manufacturing of machinery and components of equipment used in the oil and gas industry and linkage sectors.”

He disclosed that the pilot phase of the parks at Emeyal 1 in Ogbia Local Government Area of Bayelsa State and at Odukpani, Cross River State, are almost completed and that the Board has started calling for manufacturers to set up their businesses there.

The Executive Secretary, who was represented by the Deputy Manager, Corporate Communications and Zonal Coordination, Dr. Obinna Ezeobi, said NCDMB is also supporting the Abia State Government in the development of the Abia Innovation and Industrial Park (AIIP) in Owazi, and providing guidance to the Edo State Government in the development of an industrial park at Ologbo, in Ikpoba Okha Local Government Area.

The Equipment Components Manufacturing Initiative, introduced by the Board in 2013, is to encourage original equipment manufacturers (OEMs) and their representatives in Nigeria “to set up factories in the country for the purpose of manufacturing or assembling components, spares and packages which are utilized in the Nigerian oil and gas industry.”

On human capacity development, which he described as “the bedrock of Nigerian Content,” he revealed that the Board implemented a 60-20—20 training model, whereby 60 per cent was dedicated to providing young Nigerians with specialized skills, 20 per cent was for training of already employed personnel to improve their productivity, while the remaining 20 per cent was spent on trainings on soft skills.

Engr. Ogbe further disclosed that the Board has introduced a new strategy christened ‘Back to the Creeks,” which focuses on upgrading basic educational facilities in villages and communities, building the capacity of teachers and improving infrastructure at that level, as well as providing affordable finance to community contractors and executing corporate social responsibility activities in communities.

On promotion of research and innovation, which he noted is part of the mandate of the Board, he stated that NCDMB promotes partnerships between universities, research institutions, and industry players.

The Board, which established the Technology Innovation and Incubation Centre (TIIC) in 2021, has also committed enormous resources to research commercialisation and application of innovative research to solving identified problems in the oil and gas industry and the linkage sectors.

Earlier in a welcome address, the Chairman, MAN, Rivers and Bayelsa States Branch, Elder Vincent Okuku, thanked NCDMB and co-sponsors of the event, which featured a conference/technical sessions and exhibitions, as well as the AGM, for their support and for the Board’s initiatives geared towards enhancement of local manufacturing.

While commending the Governments of Rivers and Bayelsa State for improved infrastructure which he noted would promote manufacturing activities, he said more support was required in that sector to ensure sustainable growth and development of the country.

He pointed out that manufacturing, when developed, “will catalyse other sectors through the supply of material inputs.”

In a keynote address, the Executive Director of Dangote Group, Engr. Mansur Ahmed, emphasised the critical importance of manufacturing and called for deliberate efforts to incentivise investments in that sector.

He lamented that manufacturing remains weak in Nigeria, with its contribution to the country’s gross domestic product (GDP) being as low as 9.1 per cent, which contrasts sharply with figures from other Third World countries like South Korea, Malaysia and Thailand, which are as high as 30.6 per cent, 22.6 per cent and 20.5 per cent, respectively.

Poor manufacturing has also kept Africa’s contribution to global trade at a dismal level, as low as three per cent, while South East Asia accounts for 15 per cent, and Europe alone 38 per cent.

He advised countries on the continent to make the best of the African Continental Free Trade Agreement (AfCTA), which has 43 parties and another 11 signatories, noting that the Agreement “offers immense opportunity for intra-regional trade.”

Elaborating further on the continental initiative, he observed that “The more we trade among ourselves the greater the value retained within the region.”

In their own separate addresses, the Governor of Bayelsa State, Senator Douye Diri, represented by the State Commissioner for Trade, Industry and Investment, Dr. Ebieri Jones, and the Rivers State Governor, Sir Siminalayi Fubara, represented by the State Commissioner for Commerce and Industry, Hon. Otamiri John Ngubo, highlighted measures their respective Administrations have taken to create a conducive industrial climate.

The AGM, Conference and Exhibitions continued on Friday with a Private Session, strictly for MAN members, and an Award Night for all MAN members and invited guests.

Tags: Nigerian Content Development and Monitoring Board (NCDMB)
ShareTweetSend
Previous Post

Nigeria Offers Free Caesareans To Poorer Women

Next Post

ECOWAS Court Orders Sierra Leone To Scrap Loitering Laws For Human Rights Compliance

Related Posts

Nigeria Rejects Trump’s ‘Country Of Particular Concern’ Tag

Nigeria Rejects Trump’s ‘Country Of Particular Concern’ Tag

November 1, 2025
Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

November 1, 2025

Trump Says Christians In Nigeria Face ‘Existential Threat’

Ramaphosa Mocks Trump’s Refugee Policy Favouring White South Africans

Tanzania: Opposition Says 700 Killed In Post-Election Protests

Is Abu Lulu’s Arrest Order Sincere — Or A PR Stunt? What It Means for Sudan’s Bloody War

Next Post
West Africa Moves Toward Unified Driver’s License System

ECOWAS Court Orders Sierra Leone To Scrap Loitering Laws For Human Rights Compliance

Please login to join discussion
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Nigeria Rejects Trump’s ‘Country Of Particular Concern’ Tag

Nigeria Rejects Trump’s ‘Country Of Particular Concern’ Tag

November 1, 2025
HT Exclusive: First G20 Summit In Africa: The Expectations After Turbulent Presidency

HT Exclusive: First G20 Summit In Africa: The Expectations After Turbulent Presidency

November 1, 2025
Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

November 1, 2025
US: Supreme Court Permits Trump To Revoke Legal Status Of 500,000 Migrants

Trump Says Christians In Nigeria Face ‘Existential Threat’

October 31, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Nigeria Rejects Trump’s ‘Country Of Particular Concern’ Tag

November 1, 2025

HT Exclusive: First G20 Summit In Africa: The Expectations After Turbulent Presidency

November 1, 2025

Tanzania: President Hassan Wins Poll With 97% Of Votes After Deadly Protests

November 1, 2025

Trump Says Christians In Nigeria Face ‘Existential Threat’

October 31, 2025

Ramaphosa Mocks Trump’s Refugee Policy Favouring White South Africans

October 31, 2025

Tanzania: Opposition Says 700 Killed In Post-Election Protests

October 31, 2025

Is Abu Lulu’s Arrest Order Sincere — Or A PR Stunt? What It Means for Sudan’s Bloody War

October 31, 2025

Cameroon: Opposition Leader Directs Supporters To Shutdown Country For 3 Days

October 31, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

One Year of Transformative Stewardship: Walson-Jack’s Innovative Impact on Nigeria’s Civil Service

Africa’s Largest Tech Event, MWC25 Kigali, Returns With Focus On Innovation, Policy

Nadine Djuiko: Meet The Cameroonian Woman Behind Maryland’s Million-Dollar Braiding Empire

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In