NCDMB seeks Chinese investment and technology for oil industry
The Nigerian Content Development and Monitoring Board has engaged more than 100 Chinese manufacturers as it seeks investment and technology for Nigeria’s oil and gas industry. Punch Nigeria reported that the board wants to move beyond a buyer-seller relationship, though the supplied material gives no details of the companies, projects or commitments involved.
The Nigerian Content Development and Monitoring Board has engaged more than 100 Chinese manufacturers in an effort to attract investment and technology to Nigeria’s oil and gas industry. Punch Nigeria reported that the NCDMB wants the relationship to extend beyond a conventional buyer-seller model. The board’s engagement is therefore presented as an attempt to encourage deeper industrial and commercial participation by Chinese manufacturers.
The supplied material does not identify the manufacturers involved or describe the specific technologies and investments being discussed. It also does not state whether any agreements, financing arrangements or project commitments have been reached. The report gives no details on the sectors within Nigeria’s oil and gas industry that would receive the proposed investment.
It likewise does not provide a timetable for the engagement or explain how the board would measure its results. The NCDMB’s stated objective, according to the report, is to use discussions with Chinese manufacturers to bring investment and technology into the industry while moving away from a relationship focused only on purchasing and selling goods.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.