The Bank of Industry and the Nigerian Content Development Board just dropped a deal for a $100 million equity fund aimed at local oil and gas companies. Dr. Olasupo Olusi from BoI announced the partnership with Felix Omatsola Ogbe at a conference in Yenagoa, Bayelsa State, saying they want to give Nigerian firms the long-term capital they need to actually compete instead of just taking out loans.
The fund will work differently from regular debt financing, with strict investment reviews and monitoring to make sure the money generates real returns while hitting national development goals. Ogbe said this equity scheme is part of their push to get affordable financing to local energy companies, and they have a new compliance certificate system starting in January 2026.
The fund will work differently from regular debt financing, with strict investment reviews and monitoring to make sure the money generates real returns while hitting national development goals. Ogbe said this equity scheme is part of their push to get affordable financing to local energy companies, and they have a new compliance certificate system starting in January 2026.
