NCDMB, BOI Launch $50m Fund for Oil Industry Manufacturing

  The Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry on Wednesday in Lagos launched a $US50 million dollars fund for NOGAPS Manufacturing Product Line. The fund is to incentivize 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. Speaking at the signing, the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote mentioned that the fund would support oil and gas companies that would operate in the…

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