CDA News Nigeria
UYO — The Nigerian Content Development and Monitoring Board has urged stakeholders in the oil and gas industry to embrace its new digital platform, describing it as a bold step towards improving efficiency, transparency, innovation and global competitiveness in the sector .
CDA News Nigeria gathered that the Executive Secretary of the NCDMB, Felix Ogbe, made the call on Wednesday in Uyo, Akwa Ibom State, while unveiling the Nigerian Content Fund Compliance Certificate Portal. Ogbe, who was represented by the Manager, NCDMB, Mr Emmanuel Yusuf, said the success of the platform depended not only on its design but also on its collective adoption and engagement by industry stakeholders .
CDA News Nigeria reports that the event, organised in partnership with the Bank of Industry and the Nigerian Export-Import Bank, featured a technical session and an interactive panel discussion involving industry stakeholders from Akwa Ibom and Cross River states .
Speaking at the stakeholders’ sensitisation programme with the theme “Compliance Certificate System, Upgraded NCDF Payment Portal and the Revised Community Scheme,” Ogbe said compliance confirmation in the oil and gas industry had for long been handled manually, resulting in delays that sometimes lasted weeks. The new portal will cut certificate processing time from weeks to days, allow online applications without physical visits or paperwork, provide instant status updates, enable regulators to verify compliance in real time, and create a single digital record that investors and lenders can trust .
The Nigerian Content Fund Compliance Certificate is a vital requirement in the industry, with the Nigerian Oil and Gas Industry Content Development Act specifying that one percent of every contract awarded should be deducted at source and paid into the fund . The certificate serves as proof of compliance, a key requirement for accessing the Fund and an assurance that obligations are being met in line with national development goals .
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