NCDMB and NEXIM Disburse N62 Billion to Oil & Gas SMEs for Local Content Compliance

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Export-Import Bank (NEXIM) have jointly disbursed N62 billion to small and medium enterprises (SMEs) in the oil and gas sector. The funds are intended to deepen local content certification compliance and provide financial support to Nigerian players in the industry.

The disbursement was disclosed during a stakeholder engagement forum in Port Harcourt, River State. Notable figures present include Muhammed Z.

Awami, Felix Omatsola Ogb, and Dr. Osa Uchendu.

The initiative seeks to enhance business growth, access to markets, and global expansion opportunities for SMEs in the oil and gas sector.