Nigeria’s oil and gas local content regulator has launched a 100 million dollar fund to support local service companies and reaffirmed its target of achieving 70 percent local content compliance by 2027.

The Nigerian Content Development and Monitoring Board (NCDMB) unveiled the fund on Dec. 2, part of a national strategy to expand the role of Nigerian firms in an industry still dominated by foreign service providers.

For more information, please see https://www.ecofinagency.com/news/0312-51069-nigeria-unveils-100-million-fund-for-local-oil-and-gas-services