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Watch Nigeria > Blog > Business & Economy > Oil, Gasoline Parks Close to Completion, Set For 2026 Inauguration – NCDMB
Business & Economy

Oil, Gasoline Parks Close to Completion, Set For 2026 Inauguration – NCDMB

Last updated: December 24, 2025 4:27 pm
Terfa Ukende
5 days ago
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Oil, Gasoline Parks Close to Completion, Set For 2026 Inauguration – NCDMB
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By Emmanuella Anokam

Abuja, Dec. 15, 2025 (NAN) The Nigerian Content material Improvement and Monitoring Board (NCDMB) says its Nigerian Oil and Gasoline Parks Scheme (NOGAPS), established to spice up native manufacturing by means of shared infrastructure and embedded energy options will probably be inaugurated in 2026.

Dr Abdulmalik Halilu, Director, Company Providers, NCDMB disclosed this on Monday in Abuja whereas presenting an outline of the Board’s mandate and achievements at a capability constructing workshop for media.

The Information Company of Nigeria (NAN) experiences that the NCDMB established the NOGAPS with the first intention of domiciling and domesticating oil and gasoline actions in-country by facilitating native manufacturing.

The scheme is a key a part of the NCDMB’s 10-year Strategic Roadmap to extend Nigerian content material within the trade to 70 per cent by 2027.

Halilu mentioned eight oil and gasoline industrial parks, overlaying Bayelsa, Cross River, Akwa Ibom, Imo, Delta, Ondo, Abia, and Edo states have been being established.

“NOGAPS in Bayelsa and Cross River states are at 90 per cent completion and due for commissioning in 2026,’’ he mentioned

Halilu mentioned the parks would supply infrastructure and companies plots for manufacturing outfits, including that its native content material coverage had advanced into a strong device for industrialisation, job creation and sustainable financial development within the sector.

He mentioned native content material was designed to cease capital flight and reposition the oil and gasoline trade as a catalyst for nationwide improvement.

In keeping with him, exporting oil and gasoline companies outdoors Nigeria amounted to exporting jobs, capital and industrialisation alternatives, a state of affairs the Federal Authorities intentionally moved to reverse by means of native content material insurance policies.

He mentioned the success of early native content material initiatives led to the enactment of the Nigerian Oil and Gasoline Business Content material Improvement (NOGICD) Act, which institutionalised the coverage and insulated it from political adjustments.

“The philosophy of native content material is easy: what will be competitively produced in Nigeria ought to be produced in Nigeria, with out compromising requirements, pricing or venture timelines,” Abdulmalik mentioned.

He defined that the NOGICD Act assigns NCDMB two core duties, specifically constructing indigenous capability and imposing compliance with the Act, which comprises schedules and almost 300 efficiency targets.

Highlighting achievements, he cited the Nigeria LNG Practice 7 venture as a significant success story, with over 93 per cent Nigerian workforce participation, engagement of 1,400 distributors, and important domiciliation of fabrication, engineering and manufacturing actions.

He mentioned capacities developed for oil and gasoline tasks now served different sectors comparable to energy and development, reinforcing the sector’s multiplier impact on the economic system.

On financing, he mentioned NCDMB had deployed funds from the Nigerian Content material Improvement Fund by means of intervention programmes, together with single-digit curiosity loans for indigenous corporations, asset acquisition financing and dealing capital help launched in the course of the COVID-19 pandemic.

Abdulmalik additionally mentioned that NCDMB had totally automated its processes, eliminating bodily visits for certifications and approvals, and inserting the Board amongst Nigeria’s top-performing businesses on ease of doing enterprise rankings.

Earlier, Dr Obinna Ezeobi, Basic Supervisor, Company Communications, NCDMB, reaffirmed its dedication to sustained engagement with the media and steady capability constructing for journalists overlaying the oil and gasoline sector.

Describing the occasion as a long-standing custom which started since 2018, Ezeobi mentioned it aimed toward offering a possibility for NCDMB to deepen relationships with the media and improve skilled competence.

He mentioned efficient communication had performed a important position in projecting Nigerian content material achievements over time, including that the media had been instrumental in shaping public understanding of the impression of the Nigerian NOGICD Act.

In keeping with him, the Board intentionally focuses on bettering the capability of journalists, recognising the media’s agenda-setting position and its excessive stage of curiosity and affect as a key stakeholder within the oil and gasoline trade.

He assured media practitioners of the Board’s dedication to steady engagement throughout areas the place its actions have important impression, including that knowledgeable reporting stays important to deepening Nigerian content material improvement and nationwide financial development. (NAN)(www.nanews.ng)

Edited by Bashir Rabe Mani





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ByTerfa Ukende
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Terfa Ukende is a seasoned financial writer with over seven years of experience covering topics on finance, investment, and economic development. He began his writing career with NewsWay before joining Watch Nigeria, where he continues to educate readers on wealth building, market trends, and smart money management. He holds a Bachelor’s degree in Statistics and Computer Science, which strengthens his analytical approach to financial reporting and investment insights.
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