The Nigerian Content Development and Monitoring Board (NCDMB) announced on Wednesday that local content in the nation’s petroleum sector has increased to 56%. This development comes as the board anticipates further improvements, as ongoing reviews are expected to enhance this figure.
This update was provided during a press conference focusing on the fifth edition of the 2025 Nigerian Oil and Gas Opportunity Fair. The NCDMB’s efforts are part of a broader strategy to boost local participation in the oil and gas industry, which is critical to Nigeria’s economic growth and job creation efforts.
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