The (NCDMB) has reiterated that payment of the one per cent Nigerian Content Development Fund (NCDF) levy is mandatory for all operators, contractors and service companies in the upstream oil and gas sector, warning that non-compliance will result in denial of key regulatory approvals and services.
In a statement issued Tuesday from the Nigerian Content Tower in Yenagoa, , the Executive Secretary of the Board, , said the levy was established under Section 104 of the .
He explained that the Act requires covered entities to remit one per cent of the value of every upstream contract into accounts officially designated by the Board.
Ogbe described the NCDF as a ring-fenced statutory development fund created by an Act of the National Assembly and distinct from federal government revenue paid into the Consolidated Revenue Fund.
According to him, the fund supports indigenous contractors and service companies, finances capacity building and training, provides affordable financing for local participation, and promotes sustainable growth across the oil and gas value chain.
He stressed that remittances must be made strictly to NCDMB-specified accounts, warning that payments made to any other accounts will not be recognised as valid under the Act. Companies were advised to seek clarification from the Board before making payments to ensure compliance.
The Board further announced that possession of a valid Nigerian Content Development Fund Compliance Certificate (NCFCC) is now a prerequisite for accessing its regulatory services, approvals and documentation. Without the certificate, entities will be unable to obtain the Nigerian Content Equipment Certificate (NCEC), project and contract approvals, clearances and other certifications.
The NCFCC certifies full compliance with the one per cent remittance obligation and is designed to promote transparency, accountability and effective Nigerian content development.
NCDMB added that the application process for the certificate is fully digital through its online portal, where companies are required to submit contract details, upload evidence of payment, undergo verification and receive approval before issuance.
Stakeholders were urged to regularise their remittance status and maintain continuous compliance to avoid disruptions to their operations.
The directive forms part of the Board’s ongoing efforts to strengthen enforcement of local content regulations and maximise benefits for Nigerian participation in the oil and gas industry.
