The Nigerian Content Development and Monitoring Board (NCDMB) has warned upstream operators, contractors, and service companies that failure to remit the mandatory one percent Nigerian Content Development Fund (NCDF) levy could result in denial of regulatory approvals and certifications.
While speaking at the Nigerian Content Tower in Yenagoa, Executive Secretary Engr. Felix Omatsola Ogbe said the levy, established under Section 104 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, requires companies to remit one percent of the value of every upstream contract into NCDMB-designated accounts.
He cautioned that payments made outside officially designated accounts will not be recognised as valid compliance.
In a major enforcement step, the Board announced that obtaining the Nigerian Content Development Fund Compliance Certificate (NCFCC) is now mandatory for accessing key regulatory services, including project approvals, certifications, and contract clearances.
The NCDF is a statutory fund used to support indigenous oil and gas companies, finance capacity development, and expand local participation across the industry value chain. The Board clarified that the fund is ring-fenced and managed exclusively by NCDMB, rather than being paid into federal government revenue.
NCDMB also confirmed that the compliance process is now fully digital, requiring companies to submit remittance evidence and contract details via its online portal.
The Board urged companies to regularise their remittance status and maintain compliance to avoid disruptions to operations, reaffirming its commitment to strengthening Nigerian content development and industry transparency.
