The Nigerian Content Development and Monitoring Board, NCDMB, Monday, disclosed that Project 100 beneficiary companies currently contribute over N50 billion to Nigeria's Gross Domestic Product (GDP) as well as create over 1,500 direct and 15,000 indirect…
over N50 billion to Nigeria’s Gross Domestic Product as well as create over 1,500 direct and 15,000 indirect jobs that benefit the nation.
The NCDMB further explained that Project 100 is an initiative between it and the Ministry of Petroleum Resources to identify 100 Nigerian oil and gas service providers and support them through special interventions to facilitate their incubation, maturation and growth into world-class service companies.
It noted that the first phase began in January 2019 and 60 companies were selected through a transparent process conducted by KPMG, an international consultancy firm. “Other key areas of competencies are inspection, hookup and commissioning, material and procurement, project management and consulting, well drilling services and petroleum technology as well as maintenance and modification among others,” it added.
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