More than a decade after its enactment, Nigeria’s Oil and Gas Industry Content Development (NOGICD) Act has continued to fuel growth in local manufacturing, with indigenous cable makers reporting significant gains in capacity and market share despite global cost pressures.
The Chief Executive Officer of MicCom Cables and Wires Ltd and President of the Cable Manufacturers Association of Nigeria (CAMAN), Mrs Bukola Adubi, said the legislation has been pivotal in sustaining the domestic cable industry amid rising input costs, including copper prices now nearing $10,000 per metric ton.
Speaking at the just concluded 24th NOG Energy Week, where she moderated a panel on “Impact of the NOGICD Act on the Ease of Doing Business and Cost Competitiveness,” Adubi said: “For my industry (cables and wires), we can absolutely and categorically state that the NOGICD Act has been pivotal in our growth.”
The Acting Director of Legal Services at the Nigerian Content Development and Monitoring Board (NCDMB), Naboth Onyesoh, Chairperson of the Petroleum Contractors Trade Section (PCTS) and Managing Director of Tenaris Nigeria, Rosario Osobase, and Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, all stressed that while the Act has strengthened local capacity, additional fiscal incentives remain essential to safeguard domestic manufacturing from rising costs and global competition.
Since its passage in 2010, the NOGICD Act has driven up local participation in Nigeria’s oil and gas value chain, creating thousands of direct and indirect jobs and boosting indigenous supply capacity across key inputs, such as cables, pipes, and fabrication services.
Recent policy measures, including Presidential Directives and the Nigeria First Policy, have contributed in deepening this impact by cutting operational expenses and expanding investment in domestic production.
On the sidelines of the conference, Adubi disclosed that MicCom Cables, Nigeria’s first indigenous cable maker, has embarked on a strategic expansion to grow its footprint and increase its share of the domestic market.
