NCDMB Unveils Nigerian Content Fund Compliance Portal

The Nigerian Content Development and Monitoring Board (NCDMB) has officially unveils the Nigerian Content Fund Compliance Certificate (NCFCC) Portal.

Mr. Ossa Uchendu, the Director, Finance and Personnel Management of NCDMB, unveiled the Portal on Tuesday at the Monarchy Event Centre, Effurun, Uvwie Local Government Area of Delta.

The Director was represented by Mr Desmond Awumade, Manager, Finance and Account of the Board.

The  event was tagged, "Stakeholders' Sensitisation Programme on the Upgrade of the Nigerian Content Development Fund Payment Portal" and was attended by participants drawn from Edo and Delta States.

Uchendu said that the newly insulated portal aligned with the national vision for the ease of doing business.

He said that the Nigerian Content Fund Compliance Certificate was a vital requirement in the  industry. 

According to him, by law, contractors and operators must remit one percent of the value of every upstream contract into the Nigerian Content Development Fund.

"This portal is more than a digital tool. It is a commitment to innovation, accountability, and continuous improvement.

"It reflects the forward-thinking approach of the Nigerian Content Development 

"The launch is not just about technology. It is about aligning with the national vision for ease of doing business, digital transformation, and accountability.

"It also reinforces the recent Executive Orders of the federal government.

"The certificate is proof of compliance, the key that unlocks access to the Fund and provides assurance that obligations are being met in line with national development goals.

"However, as progress expands, our systems must evolve," he said.

The Director recalled that confirmation of compliance in the past was handled manually, leading to unnecessary delay and time wastages.

"This slowed project approvals, created uncertainty, and limited transparency for regulators and investors," he said.

Uchendu said that the platform would allowed online applications without physical visits or paperwork, cut certificate processing time from weeks to days

He also said that digital portal would provide instant status updates, eliminate uncertainty, enable regulators to verify compliance in real time as well as create a single digital record that investors and lenders could trust.

The Director also said the portal would enhance access to the Fund. 

He said companies that met their obligations could now obtain certificates quickly, unlock financing opportunities without delay, and channel resources into projects that create jobs and strengthened Nigeria’s oil and gas value chain.

"For operators and contractors, this means faster access to funding.
For regulators, it ensures stronger oversight and better data.

"For investors, it builds confidence, and for Nigeria, it delivers a more efficient system that ensures the Fund continues to drive measurable impact," he said.

Uchendu said that the
Nigerian Content had grown to over 60 percent, indicating that more value, jobs, and expertise now reside within the country.

He encourage all stakeholders to embrace this platform, noting that its success depended not just on its design, but on our collective adoption and engagement.

Also, in his presentation, Mr Gabriel Yemidale said that the NCDMB programme underscored the growing impact of the Nigerian Content Intervention Fund (NCIF) in strengthening indigenous participation in the oil and gas sector.

Yemidale, who is the Group Head, Oil and Gas Group of the Bank of Industry (BOI) said that the fund was established following a strategic partnership initiated in 2016.

He said that the fund custodianship arrangements led to the formal launch of the NCIF in August 2017.

"The core objective of the fund is to deepen local participation, build capacity, and promote the development of Nigerian Content in the Oil and Gas industry. 

"It also seeks to address longstanding funding challenges faced by indigenous service providers by offering low-interest financing options," he said.

Several questions from the participants were promptly responded to by the Board's management.