Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry (BoI), have sign an agreement on the Revised Nigerian Content Community Contractors Financing Scheme.
The Fund addresses a critical challenge faced by local contractors in accessing much-needed funds for contracts awarded by oil and gas companies.
According to statement released by NCDMB that under the new product paper for the fund, N15 billion has been earmarked for the fund.
It added that “the single obligor limit has been increased from N20 million to N100 million.
