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According to Engr. Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), industry stakeholders must collaborate in order to maximize Nigeria’s energy resources and spur economic expansion.
At the 2026 ACFTA summit, which was organized by NCDMB, PETAN, and Legal Concierge and had as its theme Unlocking Africa’s Energy future through ACFTA, he made this statement while giving a keynote talk about the use of the African Continental Free Trade Area (AFCFTA) in the oil and gas industry.
Nigeria’s enormous oil and gas reserves as well as its renewable energy resources make it crucial to maximize the country’s energy potential, according to Ogbe, who was represented by Dr. Abdulmalik Halilu, Director, Corporate Services, NCDMB.
In order to achieve energy security, support the creation of local content, and propel industrialization, he emphasized the importance of teamwork.
NCDMB is dedicated to fostering the expansion of Nigeria’s energy industry by means of programs like infrastructure development, technological transfer, and capacity building, Ogbe stated.
He encouraged everyone involved in the industry to seize the sector’s prospects and support the nation’s economic growth.
The statements made by the Executive Secretary highlight NCDMB’s dedication to advancing the expansion and advancement of Nigeria’s energy industry. His speech is anticipated to encourage fresh conversations about how to unleash Nigeria’s energy potential and promote long-term, steady economic growth.
In order to influence the implementation of the AFCFTA in Nigeria’s oil and gas industry and achieve energy security and self-sufficiency for Africa, the summit gathered together academics, investors, project promoters, and regulatory bodies.
He pointed out that the oil and gas sector in Nigeria has created a framework for AFCFTA domestication that is based on building capacity, exporting capability, and identifying possibilities.
The nation is well-positioned to gain from favorable trade terms due to its advantages in oil field services, refining capacity, and logistics infrastructure.
There are still issues, he said, such as exporters’ compliance obligations and the demand for uniform rules and guidelines.
Developing technology, strengthening cooperation, and instituting metrics to assess the effect of AFCFTA on Africa’s trade balance were the main topics of discussion.
Important issues were brought up, like how to allow Nigerian goods to reach Angolan markets and how to establish Ghana’s Tema shipyard as a regional center for building and repairing ships.
In order to influence the implementation of the AFCFTA in Nigeria’s oil and gas sector and achieve energy security and self-sufficiency for Africa, the summit gathered together industry executives, policymakers, stakeholders, regulatory agencies, project promoters, financial institutions, and institutions of higher learning.
