The Nigerian Content Development and Monitoring Board has reaffirmed its commitment to driving cross-border oil and gas trade in Africa through the effective implementation of the African Continental Free Trade Area.
The Executive Secretary of NCDMB, Felix Ogbe, made this known while delivering a keynote address titled “Application of AfCFTA in the Oil and Gas Industry at the 2026 AfCFTA Summit”, hosted by the Board in partnership with the Petroleum Technology Association of Nigeria and Legal Concierge.
The summit, themed “Unlocking Africa’s Energy Future through AfCFTA”, brought together industry leaders, policymakers, investors, development partners, and stakeholders from across Africa and the global energy community in Yenagoa recently.
Ogbe traced the origin of AfCFTA to the African Union’s long-term development vision, stating, “In conceiving Agenda 2063, which gave birth to AfCFTA, the African Union had the overarching objective of fostering regional integration through trade, innovation, and free movement of people and capital.”
He disclosed that Nigeria’s oil and gas industry formally aligned with AfCFTA in 2022. According to Ogbe, the implementation of AfCFTA in Nigeria’s oil and gas industry is anchored on three pillars.
