The Federal Government has unveiled a $100 million equity investment scheme aimed at strengthening Nigerian companies in the oil and gas sector.

The initiative was announced at the 2025 Practical Nigerian Content Forum in Yenagoa, Bayelsa State, by Engr. Felix Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB).

The scheme, developed in partnership with the Bank of Industry (BOI) through a Memorandum of Understanding, will provide equity financing to high-growth indigenous energy service companies, while also diversifying the income base of the Nigerian Content Development Fund (NCDF) and enhancing local content development.

Ogbe also revealed that the NCDMB has completed the framework for issuing the NCDF Compliance Certificate, which will confirm companies’ adherence to the statutory one percent remittance obligation. Starting January 1, 2026, the certificate will become mandatory for securing key permits and approvals from the Board.

The scheme aims to boost the capacity of Nigerian energy service companies and further promote indigenous participation in the oil and gas industry.