NCDMB Act

The Nigerian Content Development and Monitoring Board (NCDMB) has announced the setting up of a $20million loan scheme to support women in business especially in the oil and gas sector. Executive Secretary of the Board, Engr. Simbi Wabote, stated this at a virtual roundtable by the Diversity Sectoral Working Group (SWG) of the Nigerian Content Consultative Forum (NCCF). In his remarks, Wabote stated that the mandate of the Board has always been the need to promote local content in every sphere of the oil and gas sector. Quoting Section 57 of the NCDMB Act, he said the role of the Nigerian Content Consultative Forum is to provide a platform for information sharing and support in order to chart way for local content development in Nigeria. According to Wabote, “The basic aim of the NCCF is t...