General
1% Nigerian Content Levy Remittance Still Mandatory—NCDMB
By Adedapo Adesanya
The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated that operators, contractors, and service companies in the upstream sector of their mandatory obligation to remit one per cent (1 per cent) Nigerian Content Development Fund (NCDF) levy into the bank accounts officially designated by the board.
In a statement issued on Wednesday, the General Manager of the Corporate Communications Division, Mr Obinna Ezeobi, the Executive Secretary of NCDMB, Mr Felix Omatsola Ogbe, explained that the NCDF is established under Section 104 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, as a dedicated fund for the development of Nigerian content in the oil and gas industry.
He reiterated that covered entities are bound to remit one per cent of the value of every upstream contract, adding that NCDMB is vested with the exclusive authority for the management and administration of the fund.
According to him, funds generated under the NCDF are deployed to support indigenous oil and gas contractors and service companies, to finance capacity development and training in the industry, to enable access to affordable finance for indigenous participation, and to drive sustainable growth across the oil and gas value chain.
Mr Ogbe clarified further that “the NCDF is a ring-fenced statutory development fund created by a specific Act of the National Assembly,” adding that it is “not classified as Federal Government revenue payable into the Consolidated Revenue Fund and its collection and administration are expressly governed by Section 104 of the NOGICD Act.”
He stressed that all remittances of the levy must be made strictly into the accounts officially designated by the NCDMB, pointing out that “any remittance made outside the accounts formally designated by the NCDMB “shall not be recognised as a valid payment of the one per cent (1%) NCDF Levy under the Act.”
He urged companies to ensure strict compliance and to seek clarification from the Board where necessary prior to effecting any remittance.
The Executive Secretary assured industry stakeholders that the Board remains committed to transparency, accountability, and the effective utilisation of the Fund for the growth and sustainability of Nigerian Content in the oil and gas industry.
“Furthermore, the NCDMB has announced that obtaining the Nigerian Content Development Fund Compliance Certificate (NCFCC) has become a key requirement for accessing the Board’s regulatory services and approvals.
“The NCDF Compliance Certificate is issued to companies to confirm their full compliance with statutory obligation to remit one per cent (1%) of the value of every contract awarded in the upstream sector of the oil and gas industry,” the statement added.
The Board stated that “without a valid NCDF Compliance Certificate, access to regulatory documents, certifications, approvals, and clearances issued by NCDMB shall not be granted.”
It added that some of these include Nigerian Content Equipment Certificate (NCEC), approvals and clearances for projects and contracts, and other regulatory documents issued by the Board.
The agency advised oil and gas industry stakeholders to regularise their NCDF remittance status, apply promptly for the document and ensure continuous compliance to avoid disruptions to operational schedules.
The board said the process of obtaining the NCFCC is fully digital and accessible via the NCDMB online portal. It advised all eligible companies to submit relevant contract and remittance information, upload evidence of NCDF payments, complete verification and compliance review, and obtain the Compliance Certificate upon confirmation.
According to NCDMB, obtaining the NCDF Compliance Certificate matters because it is a validation of a company’s standing with the Board, and serves as a mechanism for promoting transparency, accountability, and sustainable Nigerian content development.
By Adedapo Adesanya
The Governor of Oyo State, Mr Seyi Makinde, has inaugurated a Judicial Commission of Inquiry to investigate the abduction of students and teachers from Esinele and Yawota communities in Oriire Local Government Area of Oyo State.
The governor formally inaugurated the commission at the Executive Council Chamber of the Governor’s Office, Secretariat, Agodi, Ibadan.
Speaking at the event, Governor Makinde said that although the successful rescue of the victims brought relief to the state, it did not provide complete closure.
He explained that the decision to set up an independent commission was not intended to undermine the efforts of security agencies but to ensure that every question surrounding the incident is thoroughly addressed and lessons are learnt to prevent a recurrence.
He charged members of the commission to conduct a thorough, impartial, and evidence-based investigation, assuring them of the state government’s full support. He also called on individuals and relevant institutions to cooperate fully with the panel.
Speaking on behalf of the commission, its chairman, Professor Mojeed Owoade, pledged that members would carry out the assignment with integrity, professionalism, and fairness. He added that the panel would seek an extension if necessary to complete its work.
Governor Makinde gave the commission four weeks to submit its report.
Earlier this month, the pupils and teachers abducted in Oriire Local Government Area of Oyo State regained their freedom after 56 days in captivity.
According to the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, eight of the kidnappers had been arrested, but the Federal High Court in Abuja on July 23 sentenced three suspects in the abduction to life imprisonment.
According to the court, the sentencing of Mr Abdulrazak Umar, known under the alias Abu Khalifa/Abu Khalid; Mr Yunusa Musa, alias Yunusa Bin Musa; and Mr Shamsu Adamu Sani, alias Abu Itisar, will start from the date of their arrest.
Before their sentencing by Justice Salim Ibrahim, counsel for the defendants pleaded with the court to sentence them on liberal terms, adding that they were first-time offenders and had pleaded guilty.
By Modupe Gbadeyanka
Two Chinese, Mr Zhang Hong Lin and Mr Gao Pei Hai, have been convicted and sentenced by Justice Akintayo Aluko of the Federal High Court in Ikoyi, Lagos, for conspiracy and the illegal mining of solid minerals.
They were both found guilty on all five counts levelled against them by the Economic and Financial Crimes Commission (EFCC) and sentenced each to five years’ imprisonment on each count, with an option of a N50 million fine covering all five counts.
The court also ordered the forfeiture of the mineral resources recovered from them to the Federal Government of Nigeria.
The defendants were arraigned on a five-count charge bordering on conspiracy and the unlawful possession of mineral resources intended for export without lawful authority.
“That you, Zhang Hong Lin, Gao Pei Hai, and Gao Pei Yu (currently at large), sometime in 2025 in Lagos, within the jurisdiction of this court, conspired among yourselves, with the intent to defraud the Federal Government of Nigeria of revenue accruing therefrom, and without the permission of the appropriate authority, engaged in the exportation of mica products, copper-bearing, and lithium-bearing mineral resources out of Nigeria, thereby committing an offence contrary to Section 1(8)(a) of the Miscellaneous Offences Act, 1983, and punishable under Section 8 of the same Act,” one of the charges read.
The defendants pleaded guilty when the charges were read to them, with the prosecution counsel, H.U. Kofarnaisa, calling the investigating officer, Matthew Orogwu, who reviewed the facts of the case and tendered documentary evidence before the court.
After presenting the evidence, Kofarnaisa urged the court to convict and sentence the defendants in line with the charges.
By Adedapo Adesanya
The National Agricultural Development Fund (NADF) and the National Bureau of Statistics (NBS) have signed a Memorandum of Understanding (MoU) aimed at improving the generation, validation, sharing and analysis of agricultural data to support evidence-based financing, policymaking and investment in the country’s agricultural sector.
The agreement was signed on Thursday at the NADF headquarters in Abuja, marking the beginning of a strategic partnership designed to strengthen the quality and use of agricultural statistics for planning, programme implementation and impact assessment.
Speaking at the signing ceremony, the chief executive of NADF, Mr Mohammed Ibrahim, described reliable data as the foundation of effective agricultural development, saying the partnership would enable the fund to make better-informed investment decisions and deliver more impactful interventions across the country’s agricultural value chain.
He noted that although NADF was established by an Act of Parliament in 2022, the Fund has continued to build strategic partnerships that will enhance the delivery of its mandate.
According to him, the collaboration with the National Bureau of Statistics comes at a critical time as the Fund expands its support for agricultural financing, research, donor coordination and sub-national agricultural development.
“Data is our chief enabler. We want every intervention and every investment we make to be guided by credible evidence. Working with the National Bureau of Statistics will strengthen our ability to design programmes that respond to real needs and deliver measurable results,” Mr Ibrahim said.
On his part, the Statistician-General of the Federation and chief executive of NBS, Mr Adeyemi Adeniran, said the agreement represents a practical commitment by both institutions to strengthen Nigeria’s agricultural sector through better statistics and closer institutional collaboration.
He explained that the partnership would create a common framework for agricultural data exchange, validation and harmonisation, ensuring that policymakers and investors have access to reliable information.
“Agriculture deserves better data, and together we intend to build it. Reliable statistics remain the foundation of good governance, sound planning and effective investment,” Mr Adeniran said.
He added that the partnership would improve monitoring of agricultural programmes, support investment decisions and contribute to national food security by ensuring that critical decisions are driven by evidence rather than assumptions.
The Statistician-General also assured stakeholders that both organisations would maintain the highest standards of data governance and confidentiality throughout the implementation of the agreement.
He commended NADF for its growing role in agricultural development and expressed confidence that the partnership would deliver tangible benefits for farmers, policymakers and investors.
Also speaking, a representative of NADF’s Partnership and Investor Relations Department, Mr Nasir Ingawa, described the signing of the MoU as the culmination of a productive relationship between the two organisations.
He said the formal partnership would deepen collaboration and ensure that agricultural interventions are supported by credible and fit-for-purpose data.
The ceremony ended with the formal signing of the Memorandum of Understanding by the leadership of both organisations after legal representatives confirmed that the document reflected the agreed terms.
