Nigeria's oil and gas industry has achieved 61% local content, but still lags behind its 70% target for 2027. To address this, stakeholders will gather in Yenagoa, Bayelsa State, from November 30 to December 3 for the 15th Practical Nigerian Content (PNC) Forum. The event, organized by dmg Nigeria Events and the Nigerian Content Development and Monitoring Board (NCDMB), aims to set priorities for the next phase of local content development.
The forum will focus on sustaining progress, closing capacity gaps, and strengthening indigenous participation beyond the current 2017-2027 Nigerian Content Strategic Roadmap. Discussions will center on increased upstream investment, including Shell's $2 billion HI Field and $5 billion Bonga North projects. The growing participation of indigenous operators following asset divestment by international oil companies will also be examined.
Portfolio and Country Director of dmg Nigeria Events, Wemimo Oyelana, emphasized that the forum will prioritize financing, project delivery, and policy. The event will provide a platform for stakeholders to shape these priorities, including funding, project delivery, and policy frameworks needed to sustain progress. Participants will examine access to capital for indigenous companies and procurement opportunities.
The forum will also focus on supplier development and measures to strengthen local technical capacity. Regulatory changes required to respond to market developments, technological changes, and investor expectations will be considered. Senior government and industry executives are expected to attend, including NCDMB Executive Secretary, Felix Ogbe, and Shell Country Chair, Elohor Aiboni.
Other notable attendees include TotalEnergies Nigeria Country Chairman, Matthieu Bouyer; Chevron Nigeria-Mid Africa Business Unit Chairman, Jim Swartz; and ExxonMobil Affiliates in Nigeria Chairman, Jagir Baxi. The event aims to bring together key stakeholders to drive progress and address challenges in local content development.
The Nigerian Content Development and Monitoring Board (NCDMB) has been instrumental in driving local content development in the country's oil and gas industry. The board's efforts have contributed to the growth of indigenous participation and the development of local capacity. The PNC Forum will build on these efforts and explore new strategies for sustained progress.
The 15th PNC Forum is expected to yield significant outcomes, including a roadmap for the next phase of local content development. The event will provide a platform for stakeholders to engage and collaborate on key issues affecting the industry. With a focus on financing, project delivery, and policy, the forum is poised to drive meaningful progress towards Nigeria's 70% local content target.
Key points
- Nigeria's oil and gas industry currently stands at 61% local content, short of its 70% target for 2027.
- The 15th PNC Forum will focus on financing, project delivery, and policy to drive local content development.
- The event will attract senior government and industry executives, including NCDMB Executive Secretary, Felix Ogbe, and Shell Country Chair, Elohor Aiboni.
