The Bank of Industry (BOI) has listed funding opportunities for Nigerian oil and gas businesses in different parts of the country under its partnership with the Nigerian Content Development and Monitoring Board (NCDMB).
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The intervention aims to help indigenous companies access financing, expand operations, purchase equipment and execute contracts in the petroleum industry.
BOI lists the intervention among programmes accepting applications on its official funding platform. The opportunities are intended for businesses operating within Nigeria’s oil and gas value chain, rather than individuals seeking personal grants.
One financing window is the Nigerian Content Intervention (NCI) Fund, established to strengthen local participation and address funding challenges facing Nigerian companies.
The fund supports activities such as asset acquisition, contract financing, community contractor financing and loan refinancing. Another option is the Nigerian Oil and Gas Parks Scheme (NOGaPS) Manufacturing Fund, which supports local manufacturing capacity.
According to NCDMB, the financing arrangements are designed to improve indigenous participation, create employment and help Nigerian businesses compete for industry opportunities.
Applicants should understand that these facilities are financing arrangements, not free cash grants. Repayment obligations, interest rates and other conditions depend on the particular product.
Businesses may need Corporate Affairs Commission (CAC) registration, evidence of oil and gas operations, relevant contracts and regulatory documentation. Some facilities also require proof of contributions to the Nigerian Content Development Fund.
The bank assesses applications against the requirements of each financing window. Meeting the basic conditions does not automatically guarantee approval.
How to apply
Interested businesses should visit https://iprogrammes.boi.ng/ and select BOI/NCDMB Intervention Funds. They can also access the dedicated portal at https://ncdmb.boi.ng/.
Applicants should review the NCI Fund and NOGaPS Manufacturing Fund options, choose the suitable facility and follow the portal instructions. They should prepare their business documents and confirm eligibility before submitting any application.
