In a major stride under President Bola Ahmed Tinubu’s Renewed Hope Agenda, the Nigerian Content Development and Monitoring Board (NCDMB) has launched the Nigerian Content Fund Certificate, a bold initiative designed to boost indigenous participation in Nigeria’s oil and gas sector. Through this landmark move, 130 local firms have been empowered with access to a $400 million Nigerian Content Intervention Fund, one of the most impactful financing mechanisms to strengthen homegrown industry players.

The Nigerian Content Fund Certificate offers eligible companies direct access to affordable capital, unlocking opportunities to scale operations, execute major projects, and deepen their involvement across the energy value chain. It also ensures that firms meet required thresholds of local content in line with national policy, thereby reinforcing Nigeria’s drive to localize value creation and reduce overreliance on foreign contractors.

By launching this scheme, the NCDMB has reaffirmed its role as a key enabler of industrial growth, job creation, and capacity development within Nigeria’s energy ecosystem. It also aligns with the objectives of the Petroleum Industry Act (PIA) and President Tinubu’s broader economic diversification strategy, one that sees local content as a pillar of national resilience and prosperity.

This strategic empowerment initiative is expected to spur investment, boost productivity, and accelerate Nigeria’s journey toward energy independence. The rollout of the Nigerian Content Fund Certificate further signals the Tinubu administration’s commitment to practical, homegrown solutions that elevate Nigerian businesses and secure a sustainable future for the country’s economy.