The Federal Government has introduced a fresh $100 million equity investment programme aimed at strengthening the capacity and competitiveness of Nigerian companies in the oil and gas industry.
The initiative was announced on Tuesday during the 2025 Practical Nigerian Content Forum in Yenagoa, Bayelsa State.
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe, revealed the scheme shortly before signing a Memorandum of Understanding between the Board and the Bank of Industry (BOI).
According to Ogbe, the new fund is targeted at fast-growing indigenous service providers within the energy sector.
He explained that the intervention is designed to expand local participation, enhance service delivery, and strengthen the Nigerian Content Development Fund (NCDF) through diversified revenue streams.
He noted that the funding window “will provide equity financing to high-growth indigenous energy service companies while also broadening the income base of the NCDF and deepening local content development across the industry.”
Ogbe also disclosed that the NCDMB has finalised a new framework for issuing the NCDF Compliance Certificate — a document confirming adherence to the statutory one percent NCDF remittance.
Beginning January 1, 2026, the certificate will become a mandatory requirement for companies seeking critical approvals and permits from the Board.
The announcement marks one of the Board’s latest efforts to drive Nigerian content enforcement, encourage indigenous participation, and improve investment flows into the nation’s oil and gas value chain.
