The Nigerian Content Development and Monitoring Board has intensified efforts to attract Chinese investment, technology and manufacturing capacity into Nigeria’s oil and gas industry, engaging more than 100 Chinese original equipment manufacturers in Chengdu.
The engagement took place during the 15th China Shale Oil and Gas Summit, where Nigerian industry representatives presented opportunities for Chinese companies to establish manufacturing, assembly and service operations in the country.
NCDMB said it wants to move the relationship with Chinese manufacturers beyond the traditional buyer-seller model towards local production, technology transfer, investment and integration into global supply chains.
The Board also promoted the Nigerian Oil and Gas Park Scheme as a platform for Chinese companies seeking to establish operations in Nigeria. Under the local content framework, equipment manufacturing facilities established in the country are positioned to access demand from Nigeria’s oil and gas industry and potentially wider markets across the Gulf of Guinea.
A business-to-business session brought together Chinese manufacturers and Nigerian oil and gas stakeholders, including representatives of the Petroleum Technology Association of Nigeria, Project 100 and Renaissance African Energy Company.
NCDMB said several Chinese manufacturers expressed interest in exploring partnerships with Nigerian businesses.
The initiative is part of efforts to shift Nigeria’s local-content agenda from participation in oil and gas projects towards manufacturing, technology ownership and stronger industrial capacity.
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