The Nigerian Content Development and Monitoring Board (NCDMB) has commenced the enforcement of the Nigerian Content Fund Clearance Certificate (NCFCC) to grow both indigenous capacity in the oil and gas sector and the $400m Nigerian Content Intervention Fund (NCIF).
The Board equally floated a revised N50 billion Community Contractor Fund to remove access barriers and increase participation by genuine community contractors. Executive Secretary of NCDMB, Omatshola Ogbe, unveiled the initiatives at the Nigerian Content Intervention Fund (NCIF) sensitisation workshop in Lagos yesterday.
Represented by the Acting Director, Finance and Personnel Management, Mubarak Zuabair, Ogbe said the NCFCC was developed to ensure that Nigerian Content requirements are met in all oil and gas projects.
“With the introduction of the Compliance Certificate, companies now have an objective standard to demonstrate conformity, while the Board is better positioned to ensure regulatory oversight.
“We understand that for this system to be effective, stakeholders must be adequately informed. This programme, therefore, provides an opportunity for hands-on engagement and clarification.”
Similarly, he added that the upgraded NCDF payment portal is a major step forward in our drive for efficiency.
