Nigeria’s offshore oil industry underwent a dramatic ownership transformation during Simbi Wabote’s tenure as Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB). Under his leadership from 2016 to 2023, indigenous companies increased their share of marine vessel ownership from roughly 10% to 46% — a shift that fundamentally altered the country’s maritime energy sector.
“Today, I am happy to inform you that Nigerian ownership of marine vessels
