Teleola

[Teleola @TCoyeleke]

#NewProfilePic

[NCDMB @OfficialNCDMB]

The Nigerian Content Development and Monitoring Board (NCDMB) invites operating and service companies in the oil and gas industry, host communities of oil and gas operations, and other players in the sector within the South-South region to a sensitization and engagement forum, which will enhance industry-wide understanding and adoption of critical initiatives related to Nigerian Content compliance and access to financing.
See details in flyer.

[NCDMB @OfficialNCDMB]

What new skills do you want to see supported by NCDMB?

#NCDMB

[ARISE NEWS @ARISEtv]

Local Content: Through Implementation, Nigeria is No Longer a Rentier State - Ezeobi

Most oil-producing countries, including Nigeria, have historically relied on exporting crude oil. However, by implementing local content policies, we can reverse the resource curse. Nigeria has made progress in domiciling value within the country, moving away from its rentier state status.

Obinna Ezeobi, Author

[NCDMB @OfficialNCDMB]

𝐏𝐑𝐄𝐒𝐒 𝐑𝐄𝐋𝐄𝐀𝐒𝐄

𝑰𝒏𝒄𝒓𝒆𝒂𝒔𝒆𝒅 𝑪𝒓𝒖𝒅𝒆 𝑶𝒊𝒍 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒊𝒐𝒏: 𝑵𝑪𝑫𝑴𝑩 𝑨𝒅𝒗𝒐𝒄𝒂𝒕𝒆𝒔 𝑨𝒏𝒏𝒖𝒂𝒍 𝑭𝑰𝑫 𝑾𝒆𝒆𝒌

As part of the strategies to increase Nigeria’s crude oil production and enhance revenue accruing to the national treasury, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated for a week in each year to be dedicated to signing final investment decisions (FIDs) on new oil and gas projects.

The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe made the proposal on Tuesday in his presentation at the 2024 African Energy Week (AEW), holding at Cape Town, South Africa.

A final investment decision is the final point in an energy project, in which the company or partners owning and operating a project give the final approval for the development, releasing the funding for the commencement.

Ogbe stated that the FID Week, if adopted, could be incorporated into the existing annual international oil and gas conferences and would feature international and indigenous operating companies.
He posited that dedicating a week every year for FID signing could compel companies and relevant regulators to fast-track their processes to meet the deadline.

He also indicated that the proposal for the annual FID Week has already been broached to Special Adviser on Energy to President, Mrs. Olu Verheijen and the leadership of the Nigerian National Petroleum Company Limited and international operating companies and was being considered.

Represented at the African Energy Week (AEW) by the Director, Projects Certification and Authorization Division (PCAD) Engr. Abayomi Bamidele, the NCDMB boss said the proposal for an annual FID Week was geared to address the insufficient FIDs signed by the operating companies and the limited number of new projects being developed in the Nigerian oil and gas industry. These worrisome developments contributed to Nigeria’s dwindling crude oil production and the negative impact on revenue, he said.

He suggested that the Nigerian oil and gas industry needed to have at least one or two final investment decisions on major projects to be signed every year, to catalyze activity in the local service sector and the national economy and ultimately increase crude oil and gas production and revenue for the country.

He made reference to the three Presidential Directives (PDs) rolled out by President Bola Ahmed Tinubu in March 2024, for the oil and gas industry, stating that NCDMB had complied fully with the directives as it relates to fast-tracking the contracting cycle and eliminating middlemen with no demonstrable capacity from participating in the oil and gas value chain.

The PDs included Presidential Directive on Local Content Compliance, Presidential Directive on Reduction of Petroleum Sector Contracting Cost and Timelines and Presidential Directive on Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc)

Ogbe announced that NCDMB had applied the Presidential Directives in approving five oil and gas projects which are currently in the funnel. He hinted that the expected production values of those projects are 1 billion standard cubic feet of gas per day and 350,000 barrels of crude oil per day.

Commenting on strategies that would ensure sustainable local content development in African nations, the Executive Secretary stated that local content has to be promoted as a national agenda and supported by all institutions, businesses, decision makers, investors and citizens.

Some other personnel of the NCDMB made presentations at the 2024 edition of the African Energy Week (AEW) on core operations and initiatives of the agency. The officials included Director of Finance and Personnel Management, Mr. Ifeanyi Ukoha, the Manager, Institutional Strengthening, Engr. Obongo Dokubo and the Supervisor Upstream, Engr. Bashir Ahmed.

[NCDMB @OfficialNCDMB]

Mr. Teleola Oyeleke, Senior Supervisor Corporate Communications, NCDMB, kicked off the Nigerian Content Capacity Building Workshop for Media Stakeholders with the icebreaker moments by asking questions related to the Board, testing participants’ knowledge of the Board’s activities and the industry.

#NCDMBWorkshop #MediaStakeholders

[Teleola @TCoyeleke]

@PastorEAAdeboye Amen in Jesus name

[Teleola @TCoyeleke]

@chidinmaokolo3 Happy birthday Dr.@chidinmaokolo3. May the lord bless and prosper you in all areas of your life

[Teleola @TCoyeleke]

@PastorEAAdeboye @OralRobertsU Congratulations daddy

[Teleola @TCoyeleke]

Pathetic!!!

[Fortune God'sSon Alfred Ph.D 🇳🇬 @FortuneAlfred_]

This is what the Ahoada Axis of the East-West Road looks like today November 1, 2022.

So even if the flood recedes completely today, Bayelsans and other Nigerians are cutoff from Port Harcourt and most parts of Rivers State.

#FloodInBayelsa
#floodinNigeria

[NCDMB @OfficialNCDMB]

Congratulations to all Nigerian Athletes at the Commonwealth Games 2022 for flying the Nigerian flag high and bringing glory and pride to the nation with your medals.

[Teleola @TCoyeleke]

@endi4tim They have similar issues in the Yenagoa office of INEC. I went there yesterday to complete my PVC transfer and the crowd there was massive. Only two personnel and computer was available to handle over 150 people. @inecnigeria needs to look into this

[NCDMB @OfficialNCDMB]

Happy Democracy Day 🇳🇬

#NCDMB

[Teleola @TCoyeleke]

@HRFKingFGA Please what’s ORM? Some of us went to evening school.

[NCDMB @OfficialNCDMB]

The NCDMB team at the Bayelsa Media Awards consist of the ES, Engr. Simbi Wabote (FNSE) represented by Barr. Esueme Dan Kikile, Manager Corporate Communications (CC), Mr. Obinna Ezeobi, Chief Officer, CC, Mr Teleola Oyeleke (@TCoyeleke ) Supervisor, CC as well as the Media Team.

[Teleola @TCoyeleke]

Congratulations to the Board and the oil & gas stakeholders on the anniversary of the enactment of the NOGICD Act 2010 @OfficialNCDMB .@wabote_simbi @TCoyeleke @Obyno197810 @esuedan

[Teleola @TCoyeleke]

@HRFKingFGA You need to get some for me

[Teleola @TCoyeleke]

@BasilAleibiri @FMPRng @OfficialNCDMB Congratulations @BasilAleibiri

[Teleola @TCoyeleke]

@PastorEAAdeboye Happy birthday daddy. The lord continue to renew your strength

[NCDMB @OfficialNCDMB]

NCDMB to host Africa Local Content Investment Forum

The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to host the Africa Local Content Investment Forum (ALCIF) at Eko Hotels and Suites, Lagos on Monday, 7th March, 2022.

#NCDMB