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NCDMB Inaugurates 2nd batch of Project 100 Companies
Modupe ASUDO

Engr. Simbi Kesiye Wabote of the NCDMB
ABUJA-THE Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday inaugurated 40 companies as part of its Project 100 Supplier Development Programme.
The Board started Project 100 in January 2019 with 60 companies with the goal of nurturing 100 wholly owned oil and gas service providers, in a competitive and sustainable way through targeted interventions, into larger scale players that create high impact.
The Executive Secretary of the NCDMB, Engr. Simbi Kesiye Wabote inaugurated the new batch of companies in a virtual event. He stated that the successful implementation of Project100 would increase contributions of the oil and gas sector to the nation’s Gross Domestic Product (GDP), create job opportunities and access to market, increase industrialization opportunities, increase retention of industry spend and substitute imports in the industry.
He confirmed that the 40 new beneficiaries were selected from the Nigerian Oil and Gas Industry Joint Qualification System (NOGICJQS) – the industry database of competencies which has 4,340 active service companies. 609 applications were received, out of which 40 companies got selected he said.
Wabote listed the benefits that would accrue to the new Project 100 companies to include bespoke development plans to improve critical business capabilities and access to market opportunities with oil and gas operators on industry projects. He also identified access to critical industry and operational insights, information and data and participation in local oil and gas opportunity fairs and strategic events and advocacy for policy recommendations that would unlock some of the challenges identified by the beneficiaries.
Other opportunities include technical and business performance improvement capacity programmes, collaboration with critical industry stakeholders for participation in relevant global oil and gas events, R&D collaboration, opportunity to benefit from the US$50m Nigerian Content R&D Fund and opportunity to access the US$350m NCI Fund, particularly the US$30 million Working Capital Product, for qualified organizations.
The NCDMB Chief Executive gave a scorecard of the implementation of Project 100 so far. He reported that the first 60 Beneficiaries have benefitted from key interventions, one of which is the successful inclusion of 46 beneficiaries in the supplier data base of the Nigerian Liquified Natural Gas (NLNG) and collaboration with a beneficiary on the setup of a technology solution Centre for Refinery and Petrochemicals.
The companies also benefitted from development and implementation of bespoke development plans to improve their critical business capabilities and attended several access to Market Workshop sessions with major oil and gas operators.
There was also sponsorship to oil and gas conferences in Nigeria and overseas, in addition to trainings on Subsea Systems and FPSO, Project Production Management and Business mentorship.
The General Manager, Research, Statistics and Development, NCDMB, Mr. Abdulmalik Halilu confirmed that the new 40 beneficiaries were selected through a transparent process run in two phases. He said the firms are wholly owned by Nigerians without international affiliations except for technical partnerships.
The primary service areas of the beneficiaries are fabrication and construction, well and drilling services, installation, hookup and commissioning, marine operations and logistics services and materials and procurement.
Other areas of their operation are inspection, testing and certification, feed, detailed engineering and other engineering services, Health, Safety and Environment and Surveying and Positioning Services.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Mr. Nik Odinuwe commended the NCDMB for sustaining the Project 100, describing it as noble initiative that can accelerate Local Content aspirations of government and other stakeholders. He appealed to the Board and other stakeholders to challenge, engage and expose the selected companies with real growth opportunities to ensure the success of the initiative. He also requested the Board to collaborate closely with PETAN in the implementation of Project 100.
The PETAN lead regretted that only few members of the association made the list of 40 companies and charged other member companies to follow the conditions listed by the Board to qualify for similar vendor development programmes.
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Corruption Trials: EFCC, NJI Push Specialised Judges, Digital Evidence Reforms
The Economic and Financial Crimes Commission (EFCC) and the National Judicial Institute (NJI) have called for specialised judges, improved digital evidence management and legal reforms to accelerate the prosecution of corruption and other financial crime cases in Nigeria.
The recommendations were contained in a communiqué issued at the end of the 8th Capacity Building Workshop for Justices and Judges, held in Abuja from October 13 to 15, 2026.
The workshop, organised by the EFCC in collaboration with the NJI, was themed “Investigation and Prosecution of Economic and Financial Crimes in a Digital Age.”
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According to a statement signed by the EFCC’s Head of Media and Publicity, Dele Oyewale, the workshop brought together justices and judges from across the country, alongside EFCC investigators and prosecutors, for three days of lectures and deliberations.
Participants resolved that designating specialised judges and court staff to handle corruption cases, alongside targeted training, would help address delays in the administration of justice.
According to the communiqué, delays in resolving corruption cases “will be greatly reduced by designating specialised judges and court staff to handle such cases as well as equipping such judges and courts with necessary skills through training to ensure efficient, certain and consistent application of existing laws in the administration of justice.”
The participants also called for a balance between protecting the rights of defendants and ensuring the speedy administration of justice.
They said the criminal justice system “must strike the proper balance between fairness, efficiency and legal certainty in the protection of individual rights on one hand and the speedy administration of justice, on the other hand.”
To achieve this, they recommended reviewing relevant provisions of the Administration of Criminal Justice Act where necessary.
EFCC, NJI Seek Better Digital Evidence Management
The participants called for stronger investigation standards, including improved digital management protocols, to ensure that prosecutions rely on credible and admissible evidence.
They also recommended a more coordinated approach to obtaining confessional statements, stressing that institutionalising video recording and other necessary safeguards would protect suspects’ rights and preserve the integrity of investigations.
On asset recovery, the communiqué described Non-Conviction Based Asset Forfeiture proceedings as “an effective tool for recovery of stolen assets.”
However, participants stressed that its use “must follow extant legal protocols, adherence to human rights standards and strong institutional oversight.”
They also called for procedural reforms to allow extensions of time for freezing suspected proceeds of financial crimes.
Participants Recommend AI Guidelines for Judiciary
The communiqué further called on Ministries, Departments and Agencies in the anti-corruption sector to work with the National Assembly and the Judiciary to develop governance protocols and policy guidelines for adopting and deploying artificial intelligence in the administration of justice.
Participants also urged stakeholders to familiarise themselves with existing laws and regulations governing the investigation, prosecution and adjudication of financial crime cases involving virtual assets.
These include the Investment and Securities Act (2025), the Executive Order on Virtual Assets Coordination (2026), the Rules on Digital and Virtual Assets Operations (2026) and the Proceeds of Crime Act (2022).
The workshop also highlighted the need for increased investment in digital forensic laboratories, technology infrastructure and specialised training for investigators, prosecutors and judicial officers.
Participants called for continuous training to equip judicial officers and anti-corruption agencies with the skills required to address evolving economic and financial crimes in line with global best practices.
On the use of open-source intelligence, they said investigators, prosecutors and judicial officers should treat it primarily as a source of investigative leads and corroboration, while ensuring that evidence relied upon in court complies with applicable evidential rules.
NJI, NJC Urged to Develop Certification Courses
The communiqué recommended that the NJI, working with the National Judicial Council (NJC), develop accredited certificate and diploma courses to equip judges and other relevant stakeholders with the skills required to improve justice delivery, subject to any necessary legislative review.
Participants also called for sustained coordination among stakeholders in the administration of criminal justice, particularly in sharing information on emerging trends in the investigation and prosecution of economic and financial crimes in the digital age.
They urged heads of courts to use insights from the workshop to develop policies clarifying judicial practice on the technical issues discussed.
The workshop featured nine interactive sessions covering the admissibility of confessional statements, garnishee proceedings, abuse of court processes, asset forfeiture, artificial intelligence in investigations and prosecutions, virtual asset recovery and digital forensics.
Attendees included justices of the Supreme Court and Court of Appeal, judges of the Federal High Court, State High Courts and the High Court of the Federal Capital Territory, alongside other stakeholders in the judiciary and anti-corruption sector.
Participants expressed appreciation to President Bola Ahmed Tinubu, who was represented at the workshop by Vice-President Kashim Shettima, as well as other stakeholders and organisers who contributed to its success.
Other News
LASTMA Alerts Motorists to Traffic Delays on Ogunnusi Road
The Lagos State Traffic Management Authority (LASTMA) has alerted motorists to traffic delays along Ogunnusi Road towards Ojodu-Berger due to ongoing rehabilitation work.
LASTMA disclosed this in a post on its official X account on Sunday, stating that the road rehabilitation was being carried out by the Lagos State Public Works Corporation (LSPWC).
According to the agency, “The ongoing work is affecting traffic flow, with vehicles moving at a slower pace in both directions.”
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To ease the situation, LASTMA said a contraflow arrangement had been introduced for motorists travelling from Omole Junction towards Vis Junction.
“A contraflow arrangement is in place for vehicles coming from Omole Junction towards Vis Junction to facilitate the movement of traffic,” the agency stated.
LASTMA added that its personnel had been deployed to manage traffic and ensure the continuous movement of vehicles around the affected area.
“Our personnel are on ground managing the traffic situation and ensuring the continuous flow of vehicular movement,” the agency said.
The traffic management authority advised motorists to remain patient and exercise caution while the rehabilitation work continues.
“Motorists are advised to exercise patience and drive with caution while the rehabilitation work continues,” LASTMA stated.
NEWS
Dangote Investments are Catalysts for Africa’s Economic Growth – AFC
Leading economists, financial experts and industry stakeholders have described the Dangote Group’s investments as major drivers of industrialisation and economic transformation across Nigeria and Africa.
The experts cited the Group’s impact on job creation, import substitution, foreign exchange conservation and economic competitiveness.
They voiced their thoughts at the Lagos Economic Summit themed “The Real Deal: Africa’s Greatest Investment Opportunity,” where they urged governments to implement policies that strengthen local industries and accelerate economic diversification.
President and Chief Executive Officer of the Africa Finance Corporation (AFC), Samaila Zubairu, commended the Dangote Group’s sustained investments across Africa, describing them as critical to unlocking the continent’s economic potential.
He noted that while recent economic reforms have improved foreign exchange stability, strengthened reserves and eased inflationary pressures, the focus must now shift to growth in industry, productivity and employment.
READ ALSO: NMDPRA Shares July Domestic Cooking Gas Supply Details
Also speaking, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, said industrialisation remains the most effective path to sustainable economic development.
He called for better alignment of trade and industrial policies, stressing that local manufacturers require strategic support to compete effectively and drive broader economic benefits.
Founder and CEO of Nairametrics, Ugodre Obi-Chukwu, said Africa’s growing population presents a significant industrial opportunity, noting that investments such as the Dangote Refinery are helping to retain capital within the continent while strengthening local production capacity.
In his keynote address, Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, said Nigeria is gradually transitioning from a consumption-led economy to one driven by investment and production.
He added that sustained investments in productive sectors will continue to stimulate growth, create jobs and improve living standards.
Participants at the summit also advocated stronger credit infrastructure, improved national identification systems and increased investment in skills development to enhance the productivity and global competitiveness of Africa’s growing youth population.
Photo Caption: From Left – Chief Economist, Dangote Industries Limited, Dr. Hassan Mahmud; Lady Maiden Alex-Ibru; Chairman of Occasion/Special Guest of Honour, Samaila Zubairu; Key Note Speaker Session 1, Bismarck Rewane; during the Real Deal: Africa’s Greatest Investment Opportunity, Sponsored by Dangote Industry Limited in Lagos on Thursday 3, September 2026.





