NCDMB expresses support for Renaissance Energy’s local content devt vision

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed total support for the vision and long-term plan of Renaissance Africa Energy Company Ltd local content development vision

The NCDMB helmsman expressed the support for Renaissance Africa Energy Company Ltd, a consortium of four leading indigenous companies that concluded the acquisition of onshore oil assets of Shell Petroleum Development Company (SPDC) in March, 2025.

Addressing a high-powered delegation of the company in his office at the Content Tower in Swali, Yenagoa, Engr. Ogbe said indigenous oil and gas companies were ever assured of an enabling environment by the Board, stressing that the Board Management team was willing to engage the Renaissance Group whenever necessary.

He commended the company’s emphasis on Nigerian Content and plans to establish a foothold in other countries across Africa, assuring the delegation that NCDMB would provide the company with “double enabling environment” in support of its growth in Nigeria and abroad.

The NCDMB boss noted that Renaissance Africa Energy Company had a promising future, given the very competent hands in its employ who had held responsible positions in companies with track records of performance in the oil and gas sector.

Earlier, the Managing Director and Chief Executive Officer of the company, Dr. Tony Attah had thanked the Executive Secretary for the warm reception, assuring him and the NCDMB Management, “We are ourselves Nigerian Content – we are wholly Nigerian.”

On the company’s long-term plan, he said, “We invest in Nigeria, but represent Nigerian Content across Africa…. Our mission is to be the African leader in energy but most importantly to enable energy security to enable industrialisation.”

In his remarks, the Chairman of the Renaissance Group, Dr. Layi Fatona, recalled that the NCDMB had been very supportive to the SPDC in the past, and that it was their expectation that the new company which has acquired the assets of the Anglo-Dutch giant would continue to enjoy the same relationship.

The General Manager, Corporate Communications and Zonal Coordination of the NCDMB, Barr. Esueme Dan Kikile, in a brief comment, noted that the vision of the NCDMB aligned with that of Renaissance, and that the two organisations would be able to collaborate productively to advance local content.

Renaissance Africa Energy Company Limited is a consortium comprising four leading indigenous oil companies, namely, ND Western Limited, Aradel Holdings, FIRST Exploration and Petroleum Development Company Limited (FIRST E&P), and Waltersmith Group, and an international energy company known as Petroni.