16 March 2018, Sweetcrude, Port Harcourt — The Nigerian Content Development and Monitoring Board, NCDMB, has announced that the Nigerian Content Intervention Fund was open for access by all qualified companies in the country to grow capacities.
The Executive Secretary of NCDMB, Simbi Wabote, gave the announcement in Port Harcourt, the Rivers State capital, when he led stakeholders in the petroleum industry, on a facility visit to firms in the state.
The firms visited are Benkline Nigeria Limited, Charkin Maritime and Offshore Safety Centre and Greenville Oil and Gas Company Limited, all in Port Harcourt metropolis.
Wabote explained that four product lines were tailored to support manufacturing, contract financing, loan refinancing and asset acquisition and they attract eight percent interest rate repayable over five years.
The NCDMB boss added that community contractors could also access N20 Million repayable with five percent interest over five years.
He confirmed that the Service Level Agreement signed with the Bank of Industry has mandated BOI to complete the processing of loan applications within a 45-day period.
Earlier, the Chairman of Benkline Nigeria Limited, Mr. Terry Ossai, enumerated his company’s core services to include pumps and rotating equipment services as well as manufacturing and repairs of mechanical components used in the oil and gas industry
Ossai also appealed to both multinationals and indigenous companies who are into engineering procurement and construction companies to patronise the company.
The high point of the facility tour was the dedication of a multi-purpose hall, named NCDMB Hall, at Charkins Maritime & Offshore Safety Centre, by Engr Wabote, who instructed that all future Nigerian Content events in Port Harcourt should be held at the hall.