The Nigerian Content Development and Monitoring Board (NCDMB) has launched the Nigerian Content Fund Clearance Certificate (NCFCC) to enforce greater accountability and transparency in local content implementation across the oil and gas sector.
At a stakeholders’ forum held in partnership with the Bank of Industry (BOI) and the Nigerian Export-Import Bank (NIXEM), NCDMB Executive Secretary Felix Ogbe unveiled the Nigerian Content Fund Clearance Certificate (NCFCC) — a verifiable instrument meant to hold industry players accountable for their local content commitments.
Ogbe described the certificate as a “tangible proof of compliance,” stressing that for local content rules to be effective, they must be practical, balanced, and backed by trust.
He emphasized that compliance must not be a paperwork exercise but one that delivers real benefits to Nigerian stakeholders.
“In line with this, we are introducing the Nigerian Content Fund Clearance Certificate (NCFCC), a verifiable and transparent instrument that serves as tangible prove of compliance by relating companies.
“Beyond compliance, we also recognize the pivotal role of financing in different local contents,” he added.
Represented by Director, Finance and Personnel Management, NCDMB, Mr. Osa Uchendu, he noted that the forum was also meant to “listen, present and address critical issues” and shed light on the interventions and benefits offered through the Nigerian Content Intervention Fund.
From the finance side, Dr. Ifeoma Uzokpala who is the Executive Director, Large Enterprises, Bank of Industry, highlighted that beyond providing capital, the institution sees value in ongoing engagement and partnership with local industry stakeholders to fortify Nigeria’s oil and gas value chain.
Meanwhile, NEXIM’s Head of Specialised Business Development, Mohammed Awami flagged the importance of aligning local content efforts with broader economic diversification and industrial growth goals.
He emphasized that local content is integral to Nigeria’s industrialization and economic diversification goals.
He remarked that the forum provides a platform for dialogue and joint commitment to push the local content agenda forward.
