{"id":105169,"date":"2025-12-03T03:20:00","date_gmt":"2025-12-03T03:20:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=105169"},"modified":"2025-12-03T03:20:00","modified_gmt":"2025-12-03T03:20:00","slug":"nigerias-oil-content-board-unveils-100m-equity-fund-to-support-local-producers","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=105169","title":{"rendered":"Nigeria\u2019s oil content board unveils $100m equity fund to support local producers"},"content":{"rendered":"
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Nigeria\u2019s oil and gas content regulator on Tuesday announced a $100 million equity investment scheme to boost indigenous participation in the energy sector and said it would tighten compliance rules from next year.<\/p>\n

Felix Ogbe, executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), told the Practical Nigerian Content Forum that the fund, launched in partnership with the Bank of Industry, would provide equity financing to high-growth local energy service firms.<\/p>\n

The board will also introduce a compliance certificate from January 1, 2026, confirming companies\u2019 adherence to a mandatory 1% remittance obligation, Ogbe said. The certificate will be required for permits and approvals.<\/p>\n

Ogbe said Nigerian content levels in monitored projects rose to 61% from 56% last year, citing major projects such as NLNG Train 7, NNPC\u2019s AKK pipeline and TotalEnergies\u2019 Ubeta gas development.<\/p>\n

Other initiatives include a technology challenge in early 2026, expanded training programs for oilfield skills, and measures to curb fraudulent applications for local content certificates.<\/p>\n

\u201cThe work before us is significant, but so is the opportunity,\u201d Ogbe said. \u201cNigerian content is key to national development and industrialisation.\u201d<\/p>\n<\/div>\n

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\"Nigeria\u2019sNigeria’s oil and gas content regulator on Tuesday announced a $100 million equity investment scheme to boost indigenous participation in the energy sector and said it would tighten compliance rules from next year.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1972,13280,2047,1300,7465,10,9],"tags":[],"class_list":["post-105169","post","type-post","status-publish","format-standard","hentry","category-africa","category-equity-fund","category-hp-news-9","category-nigeria","category-oil","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/105169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105169"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/105169\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}