• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Thursday, August 20, 2026
  • Login
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home OIL & ENERGY

Nigeria Content Board Abhors Objections By Local Oil & Gas Companies To Hire Nigerians

Staff Reporter by Staff Reporter
August 15, 2023
in OIL & ENERGY
0 0
0
Energy Market Insurance Pressure Forecast To Ease
0
SHARES
80
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The Nigerian Content Development Monitoring Board (NCDMB) has voiced its objections to the unabating attitude of Nigerian Oil and Gas companies refusing to hire qualified Nigerians and instead ,circumvent the Nigeria Content in hires in the critical sector of the economy.

The Executive Secretary NCDMB, Engr Simbi Kesiye Wabote made the no holds barred remark at recent 2023 Summit of Oriental News in Lagos where he labeled it the ‘greatest problem’ the Board is saddled with.

He speaks, “The greatest problem we have in implementing the Nigeria Content provisions of the Nigeria Content of the Act in the Oil and Gas industry is with the Nigerian Oil and Gas companies. That is our greatest problem.”

Wabote who was represented by the Director Corporate Services Patrick Obah, said the preference for hiring western oil professional was anathema to the local content Act and it persisted because the Nigerian company owners take pride to relate with western counterparts about their foreign hires the damage to local qualified Nigerians left in the lurch notwithstanding. This issue that stares at the Board he is an attitude problem.

NCDMB Helmsman points to the legal provision that is constantly abused, “But the law says before you hire any expatriate you must apply to the Board to get provincial approval before you proceed to the Ministry of Internal Affairs to get the final expatriate quota approved.” Unimpressed Wabote said ‘Nigerians don’t do it.”

The consequence of this he said was that local development is stalled because of attitude. “That is what they like doing that’s where we are, keep exporting our labour outside the country.

Not deterred by the this negative attitude, Wabote said, “We have created a 10 years strategic road map from 2017 – 2027 with an ambition to growing local content to 70%. We have said it over and over again and its important to repeat, you let your foreign partners know that there is the deliberate policy of the Nigerian government to grow local capacity.”

Previous Post

Regulators Clear Guinea Insurance For Private Placement

Next Post

NAIPE Exco Visits Confab Keynote Speaker

Staff Reporter

Staff Reporter

Related Posts

Committee For $100m Nigerian Content Equity Fund Inaugurated, To Invest $5m in Oil Firms
OIL & ENERGY

Committee For $100m Nigerian Content Equity Fund Inaugurated, To Invest $5m in Oil Firms

August 3, 2026
Petroleum Minister Commends NCDMB For Community-Focused Interventions
OIL & ENERGY

Petroleum Minister Commends NCDMB For Community-Focused Interventions

July 27, 2026
NCDMB Commends Brentex on $50m Steel Pipe Facility, Assures of Industry Patronage
OIL & ENERGY

NCDMB Commends Brentex on $50m Steel Pipe Facility, Assures of Industry Patronage

July 26, 2026
Next Post
NAIPE Exco Visits Confab Keynote Speaker

NAIPE Exco Visits Confab Keynote Speaker

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

April 27, 2024
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

May 4, 2024
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Buyer Power Grows Ahead of 2026 Reinsurance Renewals

Reinsurance Rates May Increase, But Momentum To Wane: Fitch

April 17, 2026
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
Preferred PenCom Logo

PenCom Board Back-To-Work Pass, Gets Tick Over

May 4, 2025
Anchor MD Loses Father

Anchor MD Loses Father

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
Global Federation of Insurance Associations Creates Off-limits in Insurance Regulation

Compliant Mishaps, Regulatory Filing Avoidance, And Merger Snap, Block Recapitalisation Move

August 19, 2026
Early Life Insurance, The Young Pace For Honours in Heirs Insurance 5th Essay Championship

Heirs Insurance Group Hauls N115bn in 2025, Pays N19.4bn Claims

August 17, 2026
Old Mutual in Nigeria Announces Change Of Name To emPLE

emPLE Recapitalisation Bolstering Capital Position and Customer Confidence

August 17, 2026
The Ultimate Recapitalised Seven Gets NIA Branded Welcome

The Ultimate Recapitalised Seven Gets NIA Branded Welcome

August 15, 2026
Leadway Assurance Offers Nigerians First Multi-Generational Insurance Solution

Leadway Assurance Offers Nigerians First Multi-Generational Insurance Solution

August 14, 2026
Recapitalised Sovereign Trust Sets Reloaded Market Confidence, Long Term Growth

Recapitalised Sovereign Trust Sets Reloaded Market Confidence, Long Term Growth

August 14, 2026
Promotion, Restructuring Waterfall Pounds NAICOM

Day After Recapitalisation, NAICOM Sets For Undulating Dusting Road of Mergers, Possible Acquisitions

August 14, 2026
12 Month Recapitalisation, Risk Based Capital Race  on NIIRA 2025 Commences With Clear Avoidable, More Expectations

NAICOM Concludes Recapitalisation Exercise With Additional Seven, The Total Now Stands at 50

August 13, 2026
Recapitalisation: It’s Unjustifiable to Concede to Chronic Defaulters Under Sound Macroeconomic Policy – Kari

Recapitalisation: It’s Unjustifiable to Concede to Chronic Defaulters Under Sound Macroeconomic Policy – Kari

August 12, 2026
Pastor Jerry Eze Accepts Independent Non-Executive Director in Heirs Life

Pastor Jerry Eze Accepts Independent Non-Executive Director in Heirs Life

August 11, 2026

Recent News

Global Federation of Insurance Associations Creates Off-limits in Insurance Regulation

Compliant Mishaps, Regulatory Filing Avoidance, And Merger Snap, Block Recapitalisation Move

August 19, 2026
Early Life Insurance, The Young Pace For Honours in Heirs Insurance 5th Essay Championship

Heirs Insurance Group Hauls N115bn in 2025, Pays N19.4bn Claims

August 17, 2026
Old Mutual in Nigeria Announces Change Of Name To emPLE

emPLE Recapitalisation Bolstering Capital Position and Customer Confidence

August 17, 2026
The Ultimate Recapitalised Seven Gets NIA Branded Welcome

The Ultimate Recapitalised Seven Gets NIA Branded Welcome

August 15, 2026
Leadway Assurance Offers Nigerians First Multi-Generational Insurance Solution

Leadway Assurance Offers Nigerians First Multi-Generational Insurance Solution

August 14, 2026
Recapitalised Sovereign Trust Sets Reloaded Market Confidence, Long Term Growth

Recapitalised Sovereign Trust Sets Reloaded Market Confidence, Long Term Growth

August 14, 2026
Promotion, Restructuring Waterfall Pounds NAICOM

Day After Recapitalisation, NAICOM Sets For Undulating Dusting Road of Mergers, Possible Acquisitions

August 14, 2026
12 Month Recapitalisation, Risk Based Capital Race  on NIIRA 2025 Commences With Clear Avoidable, More Expectations

NAICOM Concludes Recapitalisation Exercise With Additional Seven, The Total Now Stands at 50

August 13, 2026
Recapitalisation: It’s Unjustifiable to Concede to Chronic Defaulters Under Sound Macroeconomic Policy – Kari

Recapitalisation: It’s Unjustifiable to Concede to Chronic Defaulters Under Sound Macroeconomic Policy – Kari

August 12, 2026
Pastor Jerry Eze Accepts Independent Non-Executive Director in Heirs Life

Pastor Jerry Eze Accepts Independent Non-Executive Director in Heirs Life

August 11, 2026
Leadway Advocates Safety First as Nigerians Embrace The New Year

Leadway’s Digital Capacity Makes Post-Recapitalisation Fit Insurance Critical Sectors and Nigeria’s Next Generation

August 8, 2026
Image Spin: Insurance Market Takes The Veil Off, Projects All Risks Commitment, Necessity For Today And Future

Recapitalisation: Policyholders Reckoning Soar, Surf Insurance Waves Back to Claims Shore

August 7, 2026
NIA Admits Moderate Half Year Results for Members

NIA Upticks Credible, Transparent Recapitalisation Exercise,

August 6, 2026
AIICO Inherent Recapitalisation Strategy Wins Posts Good Q2 Performance

AIICO Inherent Recapitalisation Strategy Wins Posts Good Q2 Performance

August 5, 2026
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel
  • Uncategorized

Recent News

Global Federation of Insurance Associations Creates Off-limits in Insurance Regulation

Compliant Mishaps, Regulatory Filing Avoidance, And Merger Snap, Block Recapitalisation Move

August 19, 2026
Early Life Insurance, The Young Pace For Honours in Heirs Insurance 5th Essay Championship

Heirs Insurance Group Hauls N115bn in 2025, Pays N19.4bn Claims

August 17, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In