•Set to maximise participation of Nigerians in oil and gas activities
By Emmanuel Addeh in Yenagoa
The Nigerian Content Development and Monitoring Board (NCDMB), has commenced the disbursement of its $200 million Nigerian Content Intervention Fund (NCIF) at eight per cent interest rate to local oil and gas firms.
Executive Secretary, NCDMB, Mr. Simbi Wabote disclosed this during a capacity building workshop for Energy and Business Correspondents, entitled, ‘NCDMB and the Nigerian Content Intervention Fund’.
Wabote, who was represented at the event by the Director, Finance and Personnel Management, Mr. Isaac Iyalah, said that already, 45 firms had applied to access the fund.
The statutory mandates of the Board include to foster institutional collaboration, maximise participation of Nigerians in oil and gas activities, link the oil…
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