The Nigerian Content Development and Monitoring Board (NCDMB) was established by the Nigerian Oil and Gas Industry Content Development Act (NOGICD) of 2010 to promote the development and utilization of in-country capacities for the industrialization of Nigeria through the effective implementation of the Nigerian Content Act.
FUNCTIONS OF THE BOARD INCLUDE:
- To review, assess and approve Nigerian Content plans developed by operators
- To set guidelines and minimum content levels for project related activities across the oil and gas value chain.
- To engage in targeted capacity building interventions that would deepen indigenous capabilities- Human Capital Development, Infrastructure & Facilities, Manufactured Materials & Local Supplier Development.
- To grow and manage the Nigerian Content Development Fund
- To establish, maintain and operate the Joint Qualification System (NOGICJQS) in conjunction with industry stakeholders.
- To monitor Nigerian Content Compliance by operators and service providers. This will be in terms of cumulative spending, employment creation and sources of local goods, services and materials utilized on projects and operations.
- To award Certificate of Authorization for projects that complies with Nigerian Content provisions.
- To conduct studies, research, investigation, workshops and trainings aimed at advancing the development of Nigerian Content.
KEYFACT Energy