NCDMB and NEXIM Disburse $42 Million to Boost Indigenous SMEs in Nigeria’s Oil & Gas Sector
In a significant move to accelerate Nigerian content development, the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with the Nigerian Export-Import Bank (NEXIM) has released $42 million in working capital and project financing to indigenous Small and Medium Enterprises (SMEs) operating in the oil and gas industry.
The facility, which exceeds the original $30 million allocation, is designed to enhance local technical capacity, improve service delivery competitiveness, and deepen indigenous participation across the energy value chain.
The announcement comes ahead of the 14th Practical Nigerian Content Forum (PNC 2025), scheduled for 1–4 December 2025 at the iconic Nigerian Content Tower in Yenagoa, Bayelsa State. This year’s forum, themed “Securing Investments, Strengthening Local Content, and Scaling Energy Production”, marks the 15th anniversary of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
Key panel sessions at PNC 2025 will include:
– Streamlining Project Delivery for Improved Efficiency
– Nigeria’s First Policy: Evaluating 15 years of the NOGICD Act and maximising broader economic value
– Turning Domestic Strength into Global Leadership – building globally recognised centres of excellence
– Driving Energy Growth Through Technology and Innovation – leveraging digitalisation, automation, gas utilisation, and decarbonisation solutions
Olamide Oloko, Conference Producer at dmg Nigeria events (organisers of the forum), stated:
“The Practical Nigerian Content Forum remains the premier platform for transformative dialogue and strategic partnerships in Africa’s largest energy market. This year’s edition is deliberately positioned to reinforce Nigeria’s attractiveness as an investment destination while advancing the core objectives of the NOGICD Act and related Executive Orders for sustainable, inclusive growth.”
The expanded $42 million intervention and the upcoming PNC Forum underscore the NCDMB’s continuing leadership in translating local content policy into tangible economic impact, job creation, and global competitiveness for Nigerian companies in the oil, gas, and broader energy sector.
