Local Content: Kachikwu Launches Project 100
… As NCDMB Drives Project
Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has launched Project 100.
Project 100, an initiative of the Ministry of Petroleum Resources and driven by the Nigerian Content Development and Monitoring Board (NCDMB), seeks to promote and develop next generation large scale Nigeria oil and gas service companies and players that will generate above N500 million per annum in turnover.
“I am talking about wholly owned indigenous oil and gas service providers without international affiliations except for technical partnerships”, he said.
Speaking at the launch of the project, Dr Kachikwu said the development would create high impact in the economy in terms of job creation, technology development, wealth creation and other local content indicators.
According to the Minister, the initiative would provide access to markets by addressing information gaps on the sides of suppliers and operators as part of the project’s non-financial interventions strategy.
He further said that Project 100 will lead mini policy workshops to diagnose challenges of the target beneficiary and consolidate policy recommendations for the consideration of policy makers and regulators.
Speaking at the occasion, the Executive Secretary of the NCDMB Engr. Simbi Kesiye Wabote who is the driver of the project said the whole idea is to get behind those companies and see how the Board can support them by fighting for jobs for them and also supporting them with the Nigerian Content Development Fund to grow them to the next level.

“We would enhance their capacities, support them financially through the NCI Fund and help them find opportunities in the industry in collaboration with the NNPC subsidiary, NAPIMS”, he said.
“It is in our interest as a country to support companies operating in the oil and gas industry so they can create jobs for the teeming population. We selected the companies transparently from our platform- NOGICJQS with the assistance of KPMG and there would be another phase of selection in the coming weeks”, Engr Wabote said.
Earlier in her address, the Permanent Secretary in the Ministry of Petroleum Resources, Dr Folasade Yemi-Esan noted that the Project 100 initiative would galvanize local operators in the oil and gas industry to perform optimally and become large scale players, which in turn would ensure job creation and value addition.