The Nigerian Content Development and Monitoring Board said its Nigerian Oil and Gas Parks Scheme, established to boost local manufacturing through shared infrastructure and embedded power solutions, would be inaugurated in 2026.

Abdulmalik Halilu, spokesman for NCDMB, disclosed this on Monday in Abuja while presenting an overview of the Board’s mandate and achievements at a capacity-building workshop for the media.

NCDMB established the NOGAPS with the primary aim of domiciling and domesticating oil and gas activities in-country by facilitating local manufacturing.

The scheme is a key part of the NCDMB’s 10-year Strategic Roadmap to increase Nigerian content in the industry to 70 per cent by 2027.

Halilu said eight oil and gas industrial parks, covering Bayelsa, Cross River, Akwa Ibom, Imo, Delta, Ondo, Abia, and Edo, were being established.

“NOGAPS in Bayelsa and Cross River states are at 90 per cent completion and due for commissioning in 2026,’’ he said

Mr Halilu said the parks would provide infrastructure and services plots for manufacturing outfits, adding that its local content policy had evolved into a powerful tool for industrialisation, job creation and sustainable economic growth in the sector.

He said local content was designed to stop capital flight and reposition the oil and gas industry as a catalyst for national development.

According to him, exporting oil and gas services outside Nigeria amounted to exporting jobs, capital and industrialisation opportunities, a situation the Federal Government deliberately moved to reverse through local content policies.

He said the success of early local content initiatives led to the enactment of the Nigerian Oil and Gas Industry Content Development Act, which institutionalised the policy and insulated it from political changes.

“The philosophy of local content is simple: what can be competitively produced in Nigeria should be produced in Nigeria, without compromising standards, pricing or project timelines,” Halilu said.

He explained that the NOGICD Act assigns NCDMB two core responsibilities, namely building indigenous capacity and enforcing compliance with the Act, which contains schedules and nearly 300 performance targets.

Highlighting achievements, he cited the Nigeria LNG Train 7 project as a major success story, with over 93 per cent Nigerian workforce participation, engagement of 1,400 vendors, and significant domiciliation of fabrication, engineering and manufacturing activities.

He said capacities developed for oil and gas projects now serve other sectors such as power and construction, reinforcing the sector’s multiplier effect on the economy.

On financing, he said NCDMB had deployed funds from the Nigerian Content Development Fund through intervention programmes, including single-digit interest loans for indigenous companies, asset-acquisition financing, and working capital support introduced during the COVID-19 pandemic.

Halilu also said that NCDMB had fully automated its processes, eliminating physical visits for certifications and approvals, and placing the Board among Nigeria’s top-performing agencies in ease-of-doing-business rankings.

Nigeria is expanding its crude refining footprint in the face of apparent asset acquisition and development by other countries in West Africa.

West Africa is developing into a regional refining and trading hub, backed by state authorities which aims to achieve greater refined product self-sufficiency and export capacity.

The extent of further change in 2026 will be defined by the fortunes of existing and fledgling refining projects, including Nigeria’s 650,000 barrels a at (b/d)Dangote and a clutch of smaller plants.

The Dangote refinery continues to upend regional and global refined product markets, reducing west Africa’s reliance on imports. Since Premium Motor Spirit (PMS) also called petrol production began at the refinery in September 2024, Nigeria the region’s largest petrol importer has seen net petrol imports steadily fall to a historic low of 40,000 b/d in September this year, from 332,000 b/d just a year earlier, Kpler data show.

Meanwhile, Nigeria’s net middle distillate exports hit a record 145,000 b/d in July, up from 82,000 b/d on the year, and the country has broadly been a net exporter of these products since May 2024, according to Argus media.

As a result, Nigeria and West Africa as a whole are pulling on considerably less gasoline and middle distillates such as petrol and jet fuel.

Year-to-date, the region spanning Mauritania to Angola has seen petrol imports drop by a quarter on the year to 337,000 b/d, while jet imports have collapsed to 4,000 b/d, both the lowest since at least 2016 when Kpler records began. West African petrol imports have fallen to a five-year low of 162,000 b/d.

Dangote has inarguably transformed regional oil product market dynamics, having proven robust through multiple bouts of maintenance works, and there is room for it to capture more of the domestic petrol market in the year ahead.

The same cannot be said for Nigerian state-owned NNPC’s refining assets.

The company restarted a 60,000 b/d section of the 210,000 b/d Port Harcourt refinery late in 2024 only to shut it again in May this year, while the 125,000 b/d Warri plant restarted in December 2024 before going offline the following month.

This underscores the challenges of modernizing or rehabilitating long-mothballed facilities along the West African coast.

Refiners in other West African countries are expanding their offerings to regional consumers, further eroding market share previously claimed by European traders.

Angola’s 30,000 b/d Cabinda refinery is up and running producing mainly petrol and jet fuel for the domestic market from its first phase.

This is likely to curb Angolan middle distillate import demand, with the refinery a 90:10 joint venture between UK-based Gemcorp and state-owned Sonangol — meeting 10 per cent of domestic demand.

Cabinda’s second phase will add gasoline production, but not until around 2028.

Angola imported 20,000 b/d of petrol in January-August, according to Kpler, around 40,000 b/d of diesel and gasoil, and negligible amounts of jet fuel.

In Ghana, the 45,000 b/d Tema Oil Refinery (TOR) continues works to restore nameplate capacity.

The privately-owned 120,000 b/d Sentuo Oil Refinery and the country’s smaller Platon and Akwaaba modular refineries operate sporadically. TOR’s return may be a surprise for 2026, with the operator reporting in October that turnaround activities were taking place “aimed at preparing the refinery for a safe and efficient restart”.

The refinery’s prospects look stronger than those of Ghana’s Petroleum Hub Development Corporation (PDHC), which appears to have postponed construction of the first three planned 300,000 b/d refineries since John Mahama returned to power in January for a non-consecutive second term.

The PDHC delays highlight the long lead times typical for large-scale refining projects. Dangote itself took nearly a decade to move from its first loan agreement to eventual start-up.

Other projects announced this year are unlikely to advance in 2026, making operating or near-complete refineries in Nigeria, Angola and Ghana critical for the region’s push towards a bigger role in the downstream market.

he National Bureau of Statistics (NBS) said the average retail price of a litre of petrol witnessed a drop from N1,184.83 in October 2024 to N1,052.31 in October 2025.

The NBS made this known in its Petrol Price Watch for October 2025 released in Abuja yesterday.

It stated that the October 2025 price of N1,052.

31 represented a 11. 18 per cent decrease over the price of N1,184. 83 recorded in October 2024.

“Comparing the average price value with the previous month of September, the average retail price increased  by 8.42  per cent from N970.59.”

On state profiles analysis, the report said Kogi paid the highest average retail price of N1,110.

00,  followed by  Sokoto and Borno at N1,105.93 and N1,101.63, respectively.

“Conversely, Oyo, Nasarawa and Abia paid the lowest average retail price at N1,001.79, N1,009.38, and N1,012.50, respectively,’’ it stated.

Analysis by zones showed that the North-East recorded the highest average retail price in October 2025 at N1,072.74 while the South-West Zone recorded the lowest price at  N1,032.81 per litre.

The NBS also stated in its Diesel Price Watch Report for October 2025 that the average retail price was N1,398.57 per litre.

It said that the October 2025 price of N1,398.57 per litre amounted to a 2.96 per cent decrease on a year-on-year basis over the N1,441.28 per litre paid in October 2024.

“On a month-on-month basis, the price increased by 9.45 per cent from the N1,277.81 per litre recorded in September 2025,’’ it added.

On state profile analysis, the report said the highest average price per litre of diesel in October was recorded in Enugu at N1,468.29, followed by  Niger at N1,465.69 and Jigawa at N1,437.40.

On the other hand, the lowest price was recorded in Katsina at N1,301.24 per litre,  followed by Edo at N1,307.84 and Kebbi at  N1,308.94.In addition, the analysis by zones showed that the South-East Zone had the highest price of N1,415.85 per litre, while the South-South recorded the lowest price at N1,387.18 per litre.(NAN)