NCDMB lists key investment areas in oil and gas sector

On May 21, 2023

The Nigerian Content Development and Monitoring Board, (NCDMB) has unveiled five key investment areas in the Nigerian oil and gas sector that can be explored in order to enhance investment opportunities and boost Nigeria’s economy.

At the fourth edition of the Nigerian Oil and Gas Opportunity Fair held in Yenagoa, the Bayelsa state capital, the Executive Secretary of the NCDMB, Mr Simbi Wabote, listed the five areas as:

Policy-driven opportunities
People-driven opportunities
Fund-driven opportunities
Infrastructure-driven opportunities and
Situational opportunities.

He said the opportunities-driven by policies, guidelines, regulations, and statutes are attractive to investors as there is clarity on the framework governing their business endeavours.

“For instance, in 2021, Mr President declared the Decade of Gas which among others seek to stimulate the development and utilisation of gas resources for increased domestic utilisation and export towards generating more revenue for the nation,” he said.

NCDMB/Hauwa Abu