The federal government has tasked investors in the country to utilise the Nigerian Content Development and Monitoring Board (NCDMB) intervention funds for the purpose they were meant for, news agency reports.
Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, made this known recently during a facility tour of Amal Tech Limited, located at Idu Industrial Layout, Abuja.
The minister who was on the tour with some officials of the ministry was conducted round the company’s facility by its chief executive officer, Shehu Abdullahi.
Lokpobiri, who was proud of the company’s proficiency, expressed commitment towards strengthening its partnership with the NCDMB because of the value it had added to the Nigerian economy.
“I use this opportunity to tell other people who are in partnership with NCDMB to use the funds that they have been able to get at single digit for the purpose the investments were made.
“It is surprising to hear that between the investments and the loans, the NCDMB in the last few years has spent over half a billion dollars,” he said.
The minister, who was amazed that Amal Tech Ltd. got the least amount in terms of what NCDMB invested, promised to grant the company any support it needed for showing capacity in managing funds and creating value.
He thanked the Amal CEO for choosing to domesticate his knowledge/expertise in different sectors of the economy to create employment, contrary to some Nigerians who chose to take their expertise outside.
