Nigerian Content Financial Services Provider of the Year

The bank supports growth across key sectors of the economy.

NCDMB and BOI launched the US$200m Nigerian Content Intervention Fund (NCI Fund) in August 2017, with five product categories. The Fund has grown significantly to US$350m in the coffers of BOI and another US$50m with the Nigerian Export-Import Bank. 

​

The NCI Fund provides low-cost loans to oil service companies involved in manufacturing in the oil and gas industry as well as firms seeking to acquire key assets, refinance existing loans or execute contracts in the industry.

​

As at January 2025, BOI has loaned out US$341m and N47.8bn to 76 applicants, deployed in 194 projects, boosting productivity in the oil and gas value chain and job creation.

Nigerian Content Independent Upstream Operator of the Year

Aradel pioneered Nigeria's first Marginal Field Farm-Out Agreement for the Ogbele Field (OML 54). The company has developed this asset into a fully integrated oil and gas producing hub, including a crude oil processing facility, 20,000 barrels per day capacity flow station and a 100 million standard cubic feet per day capacity gas processing plant.

​

Aradel also established the first modular refinery in Nigeria at Ogbele and has grown it into a three-train facility with an 11,000 barrels per day capacity, producing Automotive Gas Oil, Marine Diesel Oil, Heavy Fuel Oil, Dual Purpose Kerosene and Naphtha.

​

Aradel operates the Omerelu Field and achieved first oil production in May 2024 and is a proud champion of Nigerian Content.

Nigerian Content Icon of the Year

He had previously served as the Managing Director of Nigeria LNG Limited and Managing Director of Shell Nigeria Exploration Company (SNEPCo). He is being honoured today for hisoutstanding contributions to Nigerian content development while he served as the Managing Director of Nigeria LNG, between July 2016 and July 2021.

​

One of his remarkable achievements was securing the Final Investment Decision (FID) for NLNG Train 7 project, which would increase the gas company’s production capacity from 22 million metric tons per annum to 30 metric tons per annum.

​

He convinced the investors, Board and shareholders of Nigeria LNG to approve and sign the contract for Train 7 project in May 2020 despite the ravaging impact of COVID-19 on the world economy. He also led his team to work seamlessly with NCDMB and secured all relevant approvals for the project in record time.

​

In addition, Tony Attah led his organization to partner with NCDMB to develop the first Service Level Agreement (SLA) which Nigeria LNG signed with the NCDMB in June 2017. The SLAset the example for other players in the industry on Nigerian content compliance and shortening the industry contracting cycle. The SLA was the forerunner to the Presidential Directives we have today.

Nigerian Content Midstream Operator of the Year

The company’s consistent supply of LPG to the domestic market has been instrumental in growing annual consumption and encouraging clean cooking.

​

NLNG’s Train 7 project has progressed to about 80 percent. The project currently employs over 11,000 persons, and provides opportunities for several local oil and gas service companies.

​

NLNG partnered NCDMB to introduce the first Service Level Agreement (SLA) in 2017, which set an example on Nigerian content compliance and timely approval of project documents. The company is also working with NCDMB to introduce the E-marketplace electronic platform for tender opportunities.

​

NLNG also supports the development of community contractors, enhancing their capacities and capabilities to meet industry standards. The company’s acquisition of six new Dual-Fuel Diesel electric vessels by the Bonny Gas Transport included significant Nigerian Content components, such as the feasibility study for a local drydock and ship repair yard and training for Nigerian seafarers.

​

NLNG Shipping and Marine Services Limited (NSML) also supports a local company -TemileDevelopment Company Ltd to build and acquire LPG vessels for local supply of LPG for the Nigerian market.

Nigerian Content Lifetime Achievement Award

On April 22, 2010, he showed tremendous political will by signing the Nigerian Oil and Gas Industry Content Development (NOGICD) Bill into law, barely two months after assuming office as Acting President in February 2010.

​

His administration also set up the Nigerian Content Development and Monitoring Board (NCDMB), to superintend over the implementation of the provisions of the NOGICD Act.

Today, the implementation of the NOGICD Act has transformed the Nigerian oil and gas industry and attracted many African oil producing countries to adopt our local content model.

​

As the Nigerian leader, Goodluck Jonthan campaigned vigorously for the patronage of locally made goods as a strategy of growing the economy. He led by example by eating bread made partly with cassava flour and supporting indigenous companies across sectors. He initiated several policies and has spoken consistently in support of local manufacturing in the Nigerian oil and gas industry and other sectors.