NEWS
Senate Committee, NCDMB Hold Inaugural Meeting, To Collaborate On Local Content Implementation
The Senate Committee on Local Content on Wednesday held the first interactive session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building at Abuja and resolved to collaborate and deepen the implementation of local content in the oil and gas industry and linkage sectors.
The Chairman of the Committee, Senator Natasha Akpoti-Uduaghan moderated the meeting and assured that the committee would not antagonize the Board and other entities under its supervision but would collaborate towards effective implementation of the Board’s mandate for the benefit of Nigerians.
She expressed concern over the parlous state of the economy, particularly the alarming level of unemployment which has fuelled an increase in criminality.
She emphasised the need to deepen the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD Act, to create employment opportunities from the activities in the oil industry and catalyse other sectors of the economy.
She requested the Board to submits performance reports on the implementation of the NOGICD Act, specifically on the Board’s third-party investments, capacity building programmes, expatriate quota management and research and development.
She also requested the Board to recommend sections of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act that needed to be amended by the National Assembly.
Other questions raised by the committee concerned the status of the Nigerian Content Development Fund (NCDF) and the performance of the Nigerian Content Intervention Fund (NCI Fund).
The Committee Chair criticised the international oil companies (IOCs) in Nigeria for not investing in the petrochemical sub-sector and other associated manufacturing activities, whereas IOCs in other oil producing jurisdictions make such investments and contribute significantly to those economies.
She announced that the committee would invite the IOCs and other relevant agencies of Government, with a view to compel the companies to create tangible value in the Nigerian economy beyond the extraction and sale of crude oil.
She said, “We need to get them around the table and tell them what we want as a country as against watching them export crude oil only.”
In his comments, the Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe thanked the committee for adopting a cooperative approach and assured that the Board would provide all the requested documentations and partner effectively, to achieve the mandate of the committee and that of the Board.
On the Board’s performance, the Executive Secretary stated that the Nigerian Content level for 2022 and 2023 stood at 54 percent and the Board is on course to accomplish the 70 percent target for 2027, as set in the Nigerian Content roadmap.
On international oil companies’ model of operation in Nigeria, the Executive Secretary explained that most oil conglomerates have different arms, which includes the downstream companies which make such investments in the petrochemical and linkage sub-sectors.
He, however, noted that most operating companies in Nigeria do not have such subsidiaries in the country, hinting that the Board is willing to support indigenous firms that are interested in such ventures.
He added that the Board lacked the mandate to compel the IOCs to change their business model in Nigeria but was collaborating with some oil companies to develop the Nigerian Oil and Gas Parks Scheme (NOGaPs), which is designed to manufacture oil and gas equipment and components as well as other manufacturing and research and technology programmes.
The Director Finance and Personnel Management, NCDMB, Dr. Obinna Ofili provided clarity on the performance of the Nigerian Content Intervention Fund (NCI Fund) and the Nigerian Content Development Fund (NCDF).
He explained that the NCI Fund is managed by the Bank of Industry (BoI) on behalf of the Board, and US$300m was deposited with the BOI.
He clarified that the NCI Fund is a portion of the NCDF – which is pooled from the 1% percent of every contract awarded in the upstream sector of the Nigerian oil and gas industry, as specified in section 104 of the NOGICD Act.
He also revealed that BoI had loaned out US$330m to 70 qualified oil and gas companies, with the additional $30m accruing from the interests from the loans. He mentioned that another Fund created by the NCDMB is the US$50m domiciled with the Nigerian Export-Import Bank and it is broken into $30m for working capital and capacity building and $20m for Women in Oil and Gas.
Dr. Ofili indicated that eight firms have accessed the $30m working capital and capacity building fund, while three firms have successfully accessed the Women in oil and gas fund.
He said, “We want serious minded women entrepreneurs in the oil and gas industry to step forward and access this fund. That is the only way it can make impact in the economy.”
The Director asserted that the NCI Fund is the most successful fund scheme in the country, basing his assessment on the faithful repairment by the beneficiaries and the growth of the fund.
He mentioned that the Bank of Industry carries out quarterly project monitoring on the loan beneficiaries, while the NCDMB holds an annual monitoring review on the fund scheme and beneficiaries.
On the proposed amendment of the NOGICD Act, the Director Monitoring and Evaluation, Mr. Abdulmalik Halilu explained that concerted efforts were made during the tenure of the 9th National Assembly to review the legislation and the Board developed a compendium on areas that it believed should be amended. He promised that the Board would submit the compendium to the Senate so it could become the reference point for further discussions and considerations.
NEWS
Oyo Demolishes Kidnappers’ Hideout After Dramatic Rescue of Adelabu’s Sister, Nephews
The Oyo State Government has demolished a building used as a hideout by kidnappers who abducted the younger sister of former Minister of Power, Adebayo Adelabu, and her two children.
The structure, located in the Lakoun community along the Ayegun-Olojuoro Road in Ibadan, was pulled down on Monday following the successful rescue of the victims during a security operation over the weekend.
Mrs. Olaide Adegoke John-Paul, Adelabu’s younger sister, and her 12-year-old twin sons were reportedly held captive in the building before they were freed by security operatives.
SEE MORE: Gunmen Abduct Ex-Minister Adelabu’s Sister, Twin Sons in Ibadan
Confirming the demolition, Oyo-based media platform Oyo Affairs shared a video of the exercise on X, stating, “The Oyo State Government has demolished kidnappers’ den at Lakoun, Ayegun-Olojuoro Road, Ibadan, where the sister of former Minister Adebayo Adelabu and her children were held captive.”
The demolition followed a security assessment of the site led by the Oyo State Commissioner of Police, Oluwagbemiga Abimbola, on Sunday.
Another local news platform, Oyo Matters, also posted photos and videos of the operation, writing, “Oyo Government Demolishes Building Used as Kidnappers’ Hideout in Adelabu Family Abduction, Levels Property to the Ground.”
The government’s action comes days after a coordinated rescue mission that led to the safe recovery of the victims and a major breakthrough in the investigation.
During the operation, two members of the kidnapping syndicate were killed in a gun battle with security personnel, while four other suspects were arrested and later paraded at the Oyo State Police Headquarters in Eleyele, Ibadan.
Security authorities have urged residents to remain vigilant and promptly report any suspicious movements or information that could lead to the arrest of other fleeing members of the gang.
The demolition is widely seen as part of the Oyo State Government’s efforts to dismantle criminal networks, deny kidnappers safe havens, and strengthen security across the state.
The dramatic rescue and subsequent demolition have drawn widespread attention, with many residents applauding the government’s swift response to the high-profile abduction case.
NEWS
‘Enough Is Enough!’ — NLC, TUC Threaten Nationwide Strike Over Insecurity
The Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have threatened to embark on a nationwide strike if the worsening insecurity across the country is not urgently addressed.
The labour unions issued the warning during a joint media briefing held on the sidelines of the 114th International Labour Conference in Geneva, Switzerland.
Expressing concern over the rising cases of terrorism, banditry, kidnappings, and violent attacks in several parts of the country, the labour leaders said Nigerians can no longer continue to live in fear while carrying out their daily activities.
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The unions warned that if the security situation continues to deteriorate without decisive government intervention, organised labour may be left with no choice but to mobilise workers for industrial action nationwide.
According to the labour leaders, the persistent attacks on communities, commuters, farmers, and workers have reached an alarming level, requiring urgent and coordinated action from all levels of government.
“Enough is enough,” the labour centres declared, stressing that the protection of lives and property remains one of the fundamental responsibilities of government.
The NLC and TUC also used the opportunity to dismiss claims by some state governors that negotiations were ongoing with workers on a proposed ₦100,000 minimum wage.
They insisted that such claims do not reflect the current state of discussions on workers’ welfare and cautioned against giving the public a misleading impression about ongoing engagements with organised labour.
The unions reaffirmed their commitment to defending the interests of Nigerian workers and called on the Federal Government to take immediate and effective measures to tackle insecurity across the country.
They warned that failure to halt the rising wave of violence and criminality could trigger nationwide industrial action in the coming weeks.
NEWS
‘Crime Has No Tribe’ — Obi Defends Fulani, Condemns Ethnic Profiling
Former presidential candidate Peter Obi has cautioned Nigerians against linking criminal activities to any ethnic group, warning that such generalisations promote division and weaken national unity.
Obi made the remarks in a statement posted on his verified X account on Monday, expressing concern over what he described as a growing tendency to stereotype entire ethnic communities because of the actions of a few criminal elements.
SEE ALSO: 2027: Oborevwori, Omo-Agege Trade Fresh Blows Over Tinubu, Obi Endorsements
The former Anambra State governor said he could identify with the experiences of many Nigerians who have faced prejudice and discrimination based on their ethnic origins, stressing that people should be judged by their character rather than their tribe.
“As an Igbo man, I have endured stereotypes, judgment, and labelling solely based on my ethnic origins. This is not an isolated Igbo experience. Most Nigerians have, at some point, been reduced to their ethnicity rather than recognised for their true character,” Obi stated.
He noted that ethnic stereotyping is a challenge faced by people across the country and should not be encouraged under any circumstance.
Obi specifically spoke about the plight of ordinary Fulani people, saying many of them are unfairly judged and blamed for crimes committed by individuals who neither represent nor have any connection to them.
“I understand the pain of the ordinary Fulani man today, often unfairly judged by the actions of criminals he does not support, has never met, and who are not representative of his people,” he said.
Drawing parallels with the civil rights movement in the United States, Obi referenced the words of renowned civil rights leader Martin Luther King Jr., who advocated for a society where individuals are judged by the content of their character rather than by their identity.
According to Obi, criminality is an individual act and should never be viewed as a characteristic of an entire ethnic group.
“Crime has no ethnicity. A thief is a thief. A terrorist is a terrorist. A kidnapper is a kidnapper. They are bad actors, not representatives of any people,” he declared.
The former governor urged law enforcement agencies to remain focused on identifying, arresting and prosecuting criminals without attaching their actions to entire communities.
“They must be identified, arrested, and punished according to the law. We must decisively abandon the dangerous practice of blaming entire ethnic groups for the actions of a few criminals,” Obi added.
He warned that ethnic profiling only deepens social divisions, breeds mistrust among citizens and creates opportunities for political actors to exploit differences for personal gain.
Obi further called on Nigerians to embrace the country’s diversity and focus on shared values that unite the nation rather than stereotypes that divide it.
According to him, Nigeria’s strength lies in its diversity, and citizens must work together to build a society founded on fairness, justice and mutual respect.
“A new Nigeria must emerge—one where no citizen is condemned because of tribe, religion, or birthplace,” he said.






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