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Innovation & Entrepreneurship for Effective Local Content Implementation

Innovation & Entrepreneurship for Effective Local Content Implementation

Original price was: ₦290,000.00.Current price is: ₦261,000.00.

Nigeria’s Local Content Policy aims to maximize indigenous participation in the oil & gas, energy, manufacturing, and technology sectors by fostering entrepreneurial innovation, skill development, and sustainable business models. This 4-day intensive training is designed to equip entrepreneurs, business leaders, and professionals with the mindset, tools, and strategies needed to drive innovation, create sustainable enterprises, and enhance local content development in Nigeria.

Through interactive workshops, case studies, and hands-on projects, participants will explore opportunities in local content implementation, business model innovation, value chain development, and strategic partnerships to position themselves as key players in Nigeria’s industrial growth.

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Description

Training Modules

Day 1: Understanding Local Content

 Module 1: Introduction to Local Content Development in Nigeria

  • Overview of Nigeria’s Local Content Act and its objectives.
  • The role of innovation & entrepreneurship in local content success.
  • Local Content policies and regulations
  • Establishment of NNPC-NCD
  • Case studies of successful local content entrepreneurs.
  • Case studies of Corporate Strategy; Community Development & Stakeholder
  • Engagement
  • What next from Upstream
  • Are Skills, expertise and experience transferable to Midstream & Downstream Compliance with NCDMB
  • Client and Statutory requirements
  • Local content metrics and reporting
  • Local resourcing (manpower, goods and services); Driving industrialization through Local content
  • Strategies of cooperation, collaboration and coordination of resources

Innovation in Entrepreneurship

Module 2: Innovation for Business Growth

  • What is innovation in entrepreneurship?
  • Types of innovation: Product, Process, Market, and Business Model Innovation.
  • How to identify business opportunities in Nigeria’s local industries.

Module 3: The Entrepreneurial Mindset & Problem-Solving

  • Characteristics of successful entrepreneurs.
  • Developing a growth mindset for business success.
  • Practical design thinking & problem-solving exercises.

Day 2: Business Model Innovation & Value Chain Development

Module 4: Business Model Development for Local Content

  • Understanding the Business Model Canvas (BMC).
  • How to design profitable business models that align with local content objectives.
  • Real-world examples of local business models that work.

Module 5: Value Chain & Supply Chain Optimization

  • Identifying local supply chain gaps and opportunities.
  • How to integrate into Nigeria’s industrial value chain.
  • Strategies for collaborating with larger corporations and government agencies.

Module 6: Leveraging Technology & Digital Transformation

  • Role of digital tools & platforms in local content entrepreneurship.
  • Introduction to business automation, AI, and blockchain.
  • Case study: How Nigerian SMEs are scaling through tech.

 Day 3: Regulatory Compliance, Policies & Funding Opportunities

Module 7: Local Content Regulations & Compliance

  • Understanding Nigerian Content Development and Monitoring Board (NCDMB) policies.
  • Regulatory frameworks for entrepreneurs and SMEs.
  • Navigating compliance, tax incentives, and government support programs.

Module 8: Access to Finance & Investment Readiness

  • Sources of funding for local content businesses (grants, loans, venture capital).
  • How to create a winning business proposal & investor pitch.
  • Panel discussion with funding & investment experts.

Module 9: Building Strategic Partnerships for Business Growth

  • The role of public-private partnerships (PPP) in local content.
  • Networking with government agencies, oil & gas companies, and manufacturers.
  • Interactive session: How to craft successful business collaborations.

Capstone Project & Action Plan Development

Module 10: Business Pitch & Strategy Execution

  • Practical session: Participants develop and present their business case.
  • Refining business models based on real-world insights.

Module 11: Developing a Local Content Business Action Plan

  • Participants create a step-by-step business roadmap for implementation.
  • Identifying key milestones, risks, and success metrics.

Day 4: Sustainability, Scaling & Competitive Advantage

Module 12: Sustainable Business Practices & ESG Compliance

  • The importance of Environmental, Social, and Governance (ESG) compliance.
  • Building resilient and sustainable local businesses.
  • Case study: Sustainable business strategies in Nigeria.

Module 13: Market Expansion & Competitive Positioning

  • Strategies for scaling a local business beyond Nigeria.
  • Competitive advantage: Branding, customer retention & product differentiation.
  • Introduction to export readiness & global markets.

Module 14: Entrepreneurial Leadership & Team Development

  • Leadership skills for entrepreneurs & business owners.
  • How to build a strong, innovative, and high-performing team.
  • Role-playing activity: Managing business challenges effectively.

Module 15: Closing

  • Key takeaways from the training.
  • Awarding of certificates of completion.

Learning Outcomes

  • By the end of this training, participants will be able to:
  • Understand Nigeria’s Local Content Policy and its impact on business opportunities.
  • Identify innovation-driven business models to enhance competitiveness in local industries.
  • Develop entrepreneurial strategies to establish and sustain local enterprises.
  • Leverage technology and digital tools to scale business operations.
  • Navigate regulatory frameworks to maximize compliance and benefits.
  • Build strategic partnerships with key stakeholders in local content development.
  • Create action plans for business sustainability and growth.

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