SEO Riders:
– New clearance certificate becomes mandatory for oil-and-gas contracts, reinforcing Nigerian Content compliance.
– Over 130 indigenous companies accessed the $400 million NCI Fund for capacity-building in services like logistics and fabrication.
– Low-interest financing channels, including women-focused schemes and community contractor lines, streamline access.
During a stakeholder sensitization workshop in Lagos, the Nigerian Content Development & Monitoring Board (NCDMB) launched the Nigerian Content Fund Clearance Certificate (NCFCC)—now a compulsory requirement for all oil-and-gas contractors, upstream operators, vendors, and consultants. The digital certificate, issued via the NOGIC-JQS portal within 14 working days and valid for a year, is part of a broader regulatory upgrade that includes a revamped NCDF portal and a revised Community Contractors Finance Scheme.
In the same session, the Board announced that over 130 indigenous companies have already drawn on the US $400 million Nigerian Content Intervention Fund (NCI Fund)—administered through partnerships with the Bank of Industry (BOI) and NEXIM Bank. The fund’s disbursements span sectors such as marine logistics, gas processing, modular refining, and fabrication, raising $348.3 million and ₦48.3 billion to 79 firms so far. Special windows like the “Women in Oil and Gas Programme” and community contractor scheme—featuring affordable loans up to ₦100 million at 8% interest—aim to foster deeper grassroots and gender-inclusive participation.
