Oil operating firms in Nigeria have increased from fewer than 10 before the implementation of local content policies to about 117 currently, as local content performance rose from less than 5 per cent in 2010 to 61 per cent in 2025. The development was disclosed on Tuesday at the 2026 Nigerian Oil and Gas Midstream and Downstream Summit held in Lagos, where regulators, lawmakers, and industry stakeholders projected increased investments in gas processing, refining, petrochemicals, infrastructure, and local manufacturing. The summit, themed “Unlocking, Growing and Sustaining Nigerian Content Development in Nigeria’s Oil and Gas Midstream and Downstream Sectors,” brought together regulators, investors, operators, manufacturers, financial institutions, and policymakers to develop strategies aimed at expanding indigenous participation and retaining more value within Nigeria’s energy industry. Acting Manager, Midstream Monitoring, Nigerian Content Development and Monitoring Board, Patrick June, disclosed that the expansion had generated 11,934 jobs and reflected the increasing participation of Nigerian firms across the value chain. June further revealed that the NCDMB’s database presently captures about 11,764 service companies, hundreds of registered firms under the Joint Qualification System, 50 fabrication yards, 20 engineering design firms, and 122 manufacturing companies

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