The Federal Government, through the Nigerian Content Development and Monitoring Board, has announced the imminent launch of the Nigerian Content Equity Fund.

The board said this is a financing initiative designed to provide long-term risk capital to support Nigerian oil and gas companies operating in high-value and high-impact sectors.

The announcement was made on Thursday at the NCDMB Towers, Yenagoa, Bayelsa State, during an event organised by Tamrose Limited and the local content board to celebrate the repayment of a $10m loan obtained by Tamrose under the Nigerian Content Intervention Fund.

The Executive Secretary of the NCDMB, Felix Ogbe, who was represented at the event by the General Manager, Human Capacity Development, NCDMB, Esueme Kikile, stated that a new equity fund would be launched in December.

“We will continue to expand our activities to strengthen our role in renewables, expand the new economy, and build a strong industrial base that is powered by Nigerian talent, Nigerian capital, and Nigerian innovation. On the back of the success of the NCIF fund and the outstanding performance of over 70 beneficiary companies, I am pleased to announce today and to inform the industry that a new product, the Nigerian Content Equity Fund, will be unveiled soon.

”The NCEF is designed to provide long-term risk capital to support Nigerian companies operating in high-value and high-impact sectors. This innovative product will be officially launched at our Practical Nigerian Content Forum, to be held here in this hall in December,” Ogbe said.

Speaking further, the executive secretary disclosed that Tamrose has shown what is possible when discipline meets opportunity. The company’s story, he said, is not only a corporate success, but a national success.

”Today we celebrate Tamarose, but more importantly, we celebrate what their journey represents for Nigeria. I commend Tamarose Limited and all our NCIF fund beneficiaries who have set a standard that others can aspire to. Their achievements reaffirm our belief in the capacity of Nigerian enterprises to deliver excellence. I equally reaffirm the commitment of NCDMB to empower more indigenous communities to rise, grow sustainably, and compete confidently on the global stage,” he stated.

He further noted that, “Tamrose Limited’s growth is a testament to what Nigerian talent, ownership, and innovation can achieve when supported.”

Ogbe added that through the Nigerian Content Intervention Fund, Tamrose transformed from a modest operator into a leading marine logistics company and has fully repaid its $10m facility, joining over 20 indigenous firms that have met their repayment obligations.

The launch of the NCEF underscores the government’s commitment to supporting local content in the oil and gas sector and strengthening indigenous companies to compete confidently on the global stage.