The Nigerian Content Development and Monitoring Board (NCDMB) has insisted that operators, contractors and service providers in Nigeria’s upstream oil and gas sector must continue to remit the statutory one per cent levy to the Nigerian Content Development Fund (NCDF), and any act of failure to comply could hinder access to its regulatory services.
This information was disclosed by NCDMB Executive Secretary, Felix Omatsola Ogbe while Speaking at the Nigerian Content Tower in Yenagoa, Bayelsa State, Tuesday 17th February 2026.
The Executive Secretary said the fund was created under Section 104 of the Nigerian Oil and Gas Industry Content Development Act to drive local capacity development in the industry.
He explained that companies are required to remit one per cent of the value of every upstream contract into bank accounts officially designated by the Board.
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He further added that any Payments made into any other account, would not be recognised as valid under the law.
Ogbe clarified that the NCDF is a ring-fenced statutory fund and not part of the Federal Government’s Consolidated Revenue Fund and the Board has exclusive responsibility for managing and administering the fund to support indigenous contractors, finance training initiatives and improve access to funding for local participation across the oil and gas value chain.
NCDMB also announced that the Nigerian Content Development Fund Compliance Certificate has become mandatory for companies seeking regulatory approvals, certifications and clearances. Without the certificate, firms will be unable to obtain key documents, including project approvals and other statutory permits.
The board therefore urged stakeholders to regularise outstanding remittances and complete the digital application process through its online portal to avoid disruptions to operations.
