NCDMB, BOI launch $50m fund for oil & gas equipment manufacturers

The Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry has launched a $50 million fund for oil and gas equipment manufacturers in the country.

This was revealed in a statement on the NCDx MB website which stated that the fund is to incentivise companies that would operate in the Nigerian Oil and Gas Parks and engage in the manufacturing of equipment components used in the oil and gas industry and linkage sectors.