The Nigerian Content Development and Monitoring Board (NCDMB) has reminded operators, contractors, and service companies in the upstream oil and gas sector of their statutory obligation to remit one percent (1%) Nigerian Content Development Fund (NCDF) levy into accounts officially designated by the Board.
In a statement issued at the Nigerian Content Tower in Yenagoa, Bayelsa State, Executive Secretary Engr. Felix Omatsola Ogbe emphasized that the NCDF, established under Section 104 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, is a dedicated fund for advancing Nigerian content in the industry.
Ogbe reiterated that all covered entities must remit one percent of the value of every upstream contract.
He stressed that the NCDF is “a ring-fenced statutory development fund” and is not federal government revenue payable into the Consolidated Revenue Fund.
“Any remittance made outside the accounts formally designated by the NCDMB shall not be recognized as valid payment,” Ogbe warned.
Funds collected through the NCDF are used to support indigenous oil and gas contractors, finance capacity development and training, improve access to affordable finance for local participation, and drive sustainable growth across the industry’s value chain.
The NCDMB also announced that obtaining the Nigerian Content Development Fund Compliance Certificate (NCFCC) is now a prerequisite for accessing the Board’s regulatory services and approvals.
Companies without a valid NCFCC will be denied regulatory documents, certifications, approvals, and clearances, including the Nigerian Content Equipment Certificate (NCEC) and project-specific approvals.
The Executive Secretary urged industry stakeholders to ensure strict compliance and to seek clarification from the Board before remitting funds.
He assured that the NCDMB remains committed to transparency, accountability, and effective utilization of the fund.
The Board highlighted that the process of obtaining the NCFCC is fully digital through the NCDMB online portal.
Eligible companies are required to submit contract and remittance information, upload evidence of NCDF payments, complete verification and compliance review, and obtain the certificate upon confirmation.
According to the NCDMB, the NCFCC serves not only as a validation of a company’s standing with the Board but also as a mechanism to promote transparency, accountability, and sustainable Nigerian content development.
