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NCDMB to Review NCCF Framework

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NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

The Nigerian Content Development and Monitoring Board (NCDMB) will be undertaking a strategic reset of the Nigerian Content Consultative Forum (NCCF), with a focus on improving in-country capacity development in the oil and gas sector.

This emerged at a two-day retreat and the first half of the 2026 Steering Committee Meeting of the NCCF, where the board underscored the need for a clear, actionable roadmap to reposition the forum as a more effective driver of Nigerian content outcomes.

Declaring the retreat open, the Executive Secretary of NCDMB, Felix Ogbe, described the session as a “defining moment” in the evolution of the NCCF, noting that while the forum had recorded steady growth since its inception, a more deliberate and strategic direction had become imperative.

In a statement, Ogbe said, “The NCCF began as a vision, modest in structure but bold in intent. Today, we can confidently say that this baby has grown, nurtured by your dedication, strengthened by collaboration and sustained by our shared commitment to advancing Nigerian content.”

Represented by the Acting Director of Planning, Research and Statistics at NCDMB, the executive secretary stressed that progress must now be matched with intentional planning, urging stakeholders to focus on long-term impact.

“This retreat is not just another meeting; it is a defining moment. We are here to reflect, interrogate our current realities and chart a clearer, more strategic path forward for the NCCF,” he added.

He highlighted the baseline study conducted by Ernst & Young as a critical tool for benchmarking the forum against global best practices, identifying gaps and repositioning it for greater relevance. He noted, however, that transformation would depend on people, not just frameworks.

“The success of the framework, policy guidelines and roadmap we seek to develop will depend on the quality of our engagement, the sincerity of our contributions and our willingness to think beyond silos,” Ogbe stated, urging participants to be deliberate, constructive and bold in their deliberations.

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Providing context for the retreat, a partner at EY and session facilitator, Mr Damilola Aloba, outlined three core objectives driving the engagement, strengthening aligned leadership on NCCF’s long-term direction; improving coordination between the forum, its Sectoral Working Groups and NCDMB; and fostering shared ownership of its mission.

“We want to strengthen aligned leadership on NCCF’s long-term direction and ensure clear expectations across NCDMB, the NCCF Secretariat and SWGs,” Aloba said.

He added that the retreat would also enhance coordination frameworks to enable smoother implementation and more consistent stakeholder engagement, while ensuring a common understanding of execution responsibilities across the ecosystem.

Aloba disclosed that stakeholder consultations and benchmarking analysis revealed key structural and operational gaps, including unclear strategic direction, delays in project approvals and limited clarity around post-idea decision-making.

“The forum lacks clear strategic direction from NCDMB, creating uncertainty among SWGs regarding expectations and deliverables,” he noted, adding that “unrefined expectations and the absence of a supportive framework” further constrained performance.

Other findings included budget limitations due to reliance on NCDMB as the sole funding source; weak project evaluation and tracking capacity; and the absence of defined criteria for assessing project viability and impact.

Despite these challenges, he acknowledged strong commitment from SWG members, particularly in deploying time and financial resources towards capacity development initiatives across the oil and gas value chain.

Earlier, the Acting Deputy Manager of NCCF, Engr Bright Amatoru, provided an overview of the forum’s activities, describing NCCF as a statutory collaborative platform established under Sections 57 and 58 of the Nigerian Oil and Gas Industry Content Development Act.

He explained that since its establishment in 2014, the NCCF had been engaging stakeholders across 12 SWGs to identify industry gaps and develop solutions while implementing targeted interventions.

“Our function is to identify issues in the priority mapping and, beyond that, provide solutions through extensive stakeholder engagement,” Amatoru said.

Highlighting key achievements, Amatoru pointed to the development of National Operational Standards to harmonise capacity development initiatives across SWGs, as well as the Marine Assets Listing System, designed to build a comprehensive database of marine assets in the oil and gas industry.

He also referenced benchmarking studies in fabrication aimed at addressing scale gaps, alongside initiatives such as the Women in Oil and Gas Conference and mentorship workshop held earlier in the year in collaboration with the Diversity SWG.

However, he acknowledged that the absence of a clearly defined strategic framework limited the forum’s ability to prioritise interventions effectively.

“As of today, we have not had a clear direction on how to select interventions. That clarity is critical as we align industry expectations with global best practices,” he said.

According to the statement, the retreat forms part of efforts by NCDMB to develop a comprehensive NCCF strategic roadmap aligned with the board’s ten-year strategic plan and broader industry expectations. It was stated that participants were expected to generate actionable ideas, refine governance structures and define a clear execution pathway that will enhance NCCF’s ability to deliver on its mandate in Nigeria’s oil and gas sector.

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Nigeria’s Q1 Gas Production Increases to 687bscf, Flaring Drops 8%

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Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that Nigeria’s gas production rose by about 3 percent in the first quarter of 2026, while gas flaring declined by over 8 percent year-on-year.

An analysis of the commission’s gas production status reports for the first three months of 2025 and 2026 revealed that total gas output increased from 667.27 Billion Standard Cubic Feet (BSCF) in Q1 2025 to 687.09 billion scf in Q1 2026.

The increase of approximately 19.81 billion standard cubic feet represented a year-on-year growth of about 2.97 percent, highlighting continued slow but steady expansion in Nigeria’s gas sector amid the federal government’s push to deepen gas utilisation and monetisation.

In addition, the NUPRC figures had it that January 2026 gas production stood at 233.96 billion scf, compared to 236.32 billion scf in January 2025.

However, production rebounded strongly in the subsequent months, with February 2026 output rising to 212.62 billion scf from 199.68 billion scf in February 2025.

In the same vein, March 2026 production climbed to 240.51 billion scf, compared to 231.28 billion scf recorded in March 2025, making it the highest monthly production level in the period under review.

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At the same time, the data showed marked improvement in gas flare management. Total gas flared in Q1 2025 stood at 50.95 billion scf, compared to 46.83 billion scf in Q1 2026. The reduction of about 4.12 billion scf translated to a decline of roughly 8.1 percent year-on-year.

Similarly, average flare intensity improved significantly during the period. The average gas flare rate dropped from about 7.65 percent in Q1 2025 to approximately 6.81 percent in Q1 2026, indicating that a larger proportion of produced gas was captured for productive use rather than burnt off.

In the same vein, monthly flare rates for Q1 2025 were 7.92 percent in January, 7.94 per cent in February and 7.08 percent in March. For Q1 2026, the flare rates declined to 7.34 percent in January, 6.62 percent in February and 6.48 percent in March.

The data also revealed a significant shift in the structure of Nigeria’s gas production. Associated gas production, which is gas produced alongside crude oil, declined during the review period.

Total associated gas output fell from 370.28 billion standard cubic feet in Q1 2025 to 332.82 billion standard cubic feet in Q1 2026. In contrast, non-associated gas production recorded substantial growth.

Non-associated gas output increased from 296.99 billion standard cubic feet in Q1 2025 to 354.17 billion standard cubic feet in Q1 2026, suggesting increased contribution from standalone gas projects and dedicated gas developments, rather than reliance on oil-linked gas production.

Also, export gas sales recorded one of the strongest improvements during the quarter. The NUPRC data showed that export gas sales rose from 223.99 billion standard cubic feet in Q1 2025 to 292.87 billion standard cubic feet in Q1 2026.

This represented an increase of about 68.89 billion standard cubic feet or approximately 30.75 percent year-on-year. Findings show that the increase was likely driven by stronger Liquefied Natural Gas (LNG) export performance and improved international demand for Nigerian gas supplies.

However, domestic gas sales weakened slightly during the same period. Domestic sales declined from 186.98 billion standard cubic feet in Q1 2025 to 171.15 billion standard cubic feet in Q1 2026, representing a drop of roughly 8.5 percent.

This raised concerns regarding the adequacy of gas supply to Nigeria’s domestic market, especially for power generation and industrial use. Despite the decline in domestic sales, gas utilisation efficiency improved marginally due to lower flare volumes.

The improved flare metrics suggested that operators were more efficient in capturing and commercialising produced gas. According to the data, total utilised gas stood at 639.91 billion scf in Q1 2025 and 639.68 billion scf in Q1 2026, indicating relatively stable utilisation volumes despite higher production.

With proven gas reserves estimated at about 215.19 trillion cubic feet (TCF), Nigeria has in recent years increasingly prioritised natural gas as a transition fuel capable of supporting domestic energy needs, industrial growth, petrochemical expansion and export earnings.

The federal government has also intensified efforts to reduce routine gas flaring through stricter regulatory enforcement and commercialisation initiatives targeted at flare gas recovery, especially through the Nigerian Gas Flare Commercialisation Programme (NGFCP).

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Energy

Renewed US-Iran Tensions Drag Oil Price Northwards

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After the United States carried out what it described as defensive strikes in southern Iran, which put fresh question marks over the fragile ceasefire and ongoing peace talks between Washington and Tehran, oil prices spiralled on Tuesday.

The world is taken aback because the strikes came in the midst of hopes that both countries were nearing an agreement to end the three-month war and reopen the Strait of Hormuz for the free movement of oil shipments.

Consequently, from about $97 per barrel on Monday, global benchmark Brent crude futures rose by roughly 3.5 percent on Tuesday to around $100 per barrel.

According to reports, US forces struck missile-launch sites and other targets in southern Iran on Monday, even as the Donald Trump administration signalled that a peace agreement between the two sides could be close.

In a statement, the US Central Command said the attacks were defensive in nature. “US forces conducted self-defense strikes in southern Iran today to protect our troops from threats posed by Iranian forces. Targets included missile launch sites and Iranian boats attempting to emplace mines,” CENTCOM spokesman Capt. Tim Hawkins said.

Reacting, Iran accused the United States of violating the ceasefire with the strikes. Iran’s Foreign Ministry said the attacks in the southern Hormozgan province, where Iranian media reported explosions early on Tuesday, amounted to a “gross violation” of the fragile ceasefire that has been in place for nearly seven weeks, according to Reuters.

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Both sides had earlier indicated progress on a memorandum of understanding that could halt the war and restore shipping activities through the Strait of Hormuz, while giving negotiators 60 days to address more contentious issues, including Iran’s nuclear programme.

Reports also indicated that Iranian negotiators had pushed for the proposed agreement to include the release of billions of dollars in frozen assets during talks held in Qatar.

The war, which began with US and Israeli strikes on Iran on February 28, has triggered a major oil supply shock, increasing the costs of fuel, fertiliser, and food globally. Iran had responded to the attacks by launching drones and missiles at Gulf states hosting US military bases.

Traffic through the Strait of Hormuz, which accounts for about one-fifth of global oil and liquefied natural gas trade, has remained significantly below normal levels since the conflict began.

Although diplomatic efforts are continuing, there are growing fears that the latest US strikes could further escalate tensions in the Middle East and disrupt global energy supplies.

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Energy

At 92% Completion, NLNG Train 7 Nears Pre-commissioning Phase

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The seventh gas liquefaction train of the Nigeria Liquefied Natural Gas (NLNG) Limited is on the verge of completion, having reached 92 percent of project stages.

The plant which aligns with existing trains at the company’s gas processing complex in Bonny Island, Rivers State, will propel Nigeria’s LNG production capacity with additional 8.0 million tons per annum (mtpa) from current 22 mtpa to 30 mpta upon completion.

Managing Director and Chief Executive Officer, NLNG, Adeleye Falade, made the revelation at a forum hosted by the Nigerian Content Development and Monitoring Board (NCDMB) in Lagos.

According to him, the $7.0 billion project driven by Saipem, Chiyoda, Daewoo continues to enjoy broad support from the presidency and industry regulators.

In a presentation delivered on his behalf at the event, Falade stated that the project has so far consumed a significant 120 million man hours out of the target 200 million man hours of mostly indigenous labour.

He also declared that the company has enhanced all safety measures on the construction site after recording two lost time on injury (LTI) incidents. He assured that the project contractors are prioritizing workplace safety as the project drives to pre-commissioning stages.

Mr Falade, whose presentation was delivered by Train 7 Project Manager, Ali Uwais, also noted that the Train 7 project has helped galvanize local investment in steel fabrication and galvanizing capabilities, pointing at the 4000 tons of steel already deployed in the project.

He also pointed to the spur effect in the domestic cable manufacturing industry, stating that all cables used in the project are manufactured in Nigeria. He, however, added that additional interventions are required to close quality gaps in the local manufacturing industry.

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In noting the urgent need for in-country standard accountabilities, Mr Falade challenged agencies and regulators in the manufacturing industry to rise to the plate of ensuring international competitiveness on product quality.’

In counting some of the interventions driven by the company to close capacity and capability gaps in the domestic industry, he noted that the NLNG is relentless in establishing centers of excellence in tertiary institutions in the country with the purpose of addressing human capacity deficits.

The Train 7 project alone, he pointed out, has facilitated the training of 13,000 Nigerians, bolstered community focused participation initiatives, and facilitated rapid infrastructure development in the host Bonny Island.

Mr Falade told the industry audience at the event that the real value of the Train 7 project must transcend site activities to capture capacity, facilities and infrastructure developed for the project.

He called on other players in the industry to contribute to building capacity, standards and quality that compete globally, adding that Train 7 proves that Nigeria can grow and develop to global standards.

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