The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has said that the Nigerian Oil and Gas Industry Content Development Act, 2010 is resetting the oil and gas industry as Nigerians now occupy about 60 per cent of Nigeria’s domestic gas requirements is produced by indigenous operators.
Speaking on the theme “Local Content and Sustainable Inclusive Economic Growth” at the 2024 Namibia Oil and Gas Conference, Engr. Ogbe noted that recent discoveries of hydrocarbon deposits have increased the oil and gas reserves of the continent to about 126 billion barrels of oil and about 614 trillion cubic feet of gas.
