NCDMB Imposes $3m Limit On $100m Equity fund for local oil companies.
The Nigerian Content Development and Monitoring Board (NCDMB) has imposed a $3 million cap on the amount any single indigenous oil and gas firm can draw from its newly launched $100 million equity-investment scheme.
Unveiled during the 2025 Practical Nigerian Content Forum in Yenagoa, Bayelsa State, the fund is managed in collaboration with the Bank of Industry (BOI).
The equity window which becomes available starting January 1, 2026 is designed to support high-growth local energy service firms that previously struggled to secure long-term financing.
According to the Board’s General Manager for the fund, the cap is intended to ensure more equitable access: a lower threshold limits concentration and allows a broader pool of indigenous firms to benefit.
In addition to capital injections, qualifying companies will receive technical support and enhanced corporate-governance oversight a move aimed at building institutional strength and sustainability across the sector.
Past interventions by NCDMB including working-capital and capacity-building funds, as well as a set-aside for women in oil and gas recorded mixed uptake.
Observers say the new structure, with a clear limit per firm and broader eligibility, could stimulate wider participation and foster growth among smaller and mid-sized domestic players.
By setting defined access limits and coupling funding with governance support, the equity-investment scheme represents a renewed push by NCDMB and BOI to deepen local content, reduce reliance on foreign service providers, and strengthen the capacity of Nigeria’s indigenous oil and gas firms.
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