NCDMB Clarifies Nigerian Content Equity Fund, Says The Fund Was Officially Launched at 2025 Practical Nigerian Content Conference
…Reveals Bank of Industry manages Fund as Investment Committee provides strategic oversight
By Pan Afric Reporters
The Nigerian Content Development and Monitoring Board (NCDMB) has clarified that the Nigerian Content Equity Fund (NCEF) was formally launched during the 2025 Practical Nigerian Content (PNC) Conference, held from December 1 to 4, 2025, at the Nigerian Content Tower in Yenagoa, Bayelsa State.
The clarification was contained in an official announcement issued by the Board’s management to address misconceptions surrounding the status and operational framework of the Fund.
According to the statement, the NCDMB and the Bank of Industry (BOI) signed the Memorandum of Understanding (MoU) establishing the Fund during the Practical Nigerian Content Conference, an event attended by key stakeholders across Nigeria’s oil and gas industry.
The Board explained that the Bank of Industry is responsible for managing the Nigerian Content Equity Fund, while the recently inaugurated Investment Committee has been established to provide strategic oversight and advisory services on the effective and viable utilisation of the Fund.
Unlike conventional financing arrangements, the NCDMB noted that the Nigerian Content Equity Fund is structured to provide long-term financing to oil and gas service companies through equity investments rather than traditional debt instruments.
According to the Board, the innovative financing model is expected to strengthen indigenous companies by improving their access to long-term capital, enhancing their competitiveness and supporting sustainable growth within Nigeria’s oil and gas industry.
The NCDMB urged stakeholders and members of the public seeking additional information on the Fund to visit its official website, www.ncdmb.gov.ng.
The clarification underscores the Board’s commitment to transparency and effective communication as it continues to implement initiatives aimed at deepening Nigerian content, strengthening indigenous capacity and expanding access to innovative financing mechanisms for local companies operating in the oil and gas sector.
