By Danjuma Amodu February 18, 2026
The Nigerian Content Development and Monitoring Board (NCDMB) has reminded operators, contractors, and service companies in the upstream sector of the Nigerian oil and gas industry of their mandatory obligation to remit one per cent (1%) Nigerian Content Development Fund (NCDF) levy into the bank accounts officially designated by the Board.
The NCDF, established under Section 104 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, is a dedicated fund for the development of Nigerian content in the oil and gas industry. The NCDMB is vested with the exclusive authority for the management and administration of the fund.
According to Engr. Felix Omatsola Ogbe, Executive Secretary of NCDMB, the funds generated under the NCDF are deployed to support indigenous oil and gas contractors and service companies, finance capacity development and training, enable access to affordable finance for indigenous participation, and drive sustainable growth across the oil and gas value chain.
The NCDMB has also announced that obtaining the Nigerian Content Development Fund Compliance Certificate (NCFCC) is now a key requirement for accessing the Board’s regulatory services and approvals. The certificate is issued to companies that confirm their full compliance with statutory obligations to remit one per cent (1%) of the value of every contract awarded in the upstream sector of the oil and gas industry.
Companies that fail to obtain the NCFCC will not be granted access to regulatory documents, certifications, approvals, and clearances issued by NCDMB, including Nigerian Content Equipment Certificate (NCEC), approvals and clearances for projects and contracts, and other regulatory documents.
The NCDMB has urged companies to ensure strict compliance and seek clarification from the Board where necessary prior to effecting any remittance. The process of obtaining the NCFCC is fully digital and accessible via the NCDMB online portal.
The Board emphasised that the NCDF is a ring-fenced statutory development fund, not classified as Federal Government revenue payable into the Consolidated Revenue Fund, and its collection and administration are governed by Section 104 of the NOGICD Act.
The NCDMB assured industry stakeholders of its commitment to transparency, accountability, and effective utilisation of the Fund for the growth and sustainability of Nigerian Content in the oil and gas industry.
Companies are advised to regularise their NCDF remittance status, apply promptly for the document, and ensure continuous compliance to avoid disruptions to operational schedules.
