In a move to enforce compliance with the statutory 1% local content levy, the Nigerian Content Development and Monitoring Board (NCDMB) has unveiled the Nigeria Content Compliance Certificate System (NCCCS).
The new platform is designed to enhance transparency and ensure strict adherence to the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010, particularly Section 104, which mandates the deduction of 1% from every contract in the upstream oil and gas sector.
Despite the clear provisions of the law, some indigenous oil and gas operators and contractors have resisted the payment of the levy. This has prompted the NCDMB to introduce the certificate system as a tool for enforcement and monitoring.
According to the Board, the funds collected go into the Nigerian Content Development Fund (NCDF), which is managed by the NCDMB to support local capacity building projects, programmes, and initiatives across the sector.
The NCDMB reaffirmed its commitment to increasing Nigerian participation in the oil and gas value chain, stating that NCCCS will be a critical enabler in closing gaps in compliance and expanding opportunities for local players.
