Nigerian Content Development and Monitoring Board, says Bank of Industry, BoI, its fund manager, has so far disbursed 293.3 million dollars and 32.8 billion Naira to 61 firms under its Nigerian Content Intervention Fund, NCIF.
The General Manager, NCIF and Treasury, Obinna Ofili, said this at the Nigerian Content Capacity Building workshop for media stakeholders in Lagos on Monday.
He said the total balance with BoI, was 31.5 million dollars and 3.11 billion Naira as at November, while total money creation by loan disbursements so far amounted to about 25 million dollars and 34 billion naira respectively.
Ofili added that reports from Bol indicated that the NCIF managed by the bank till date had recorded zero per cent non- performing loan.
The NCIF boss said the board was proud to have experienced and skilled counterpart, saying Bol was the leading Development Finance Institution in Nigeria with NPL below five per cent, a feat which he described as unprecedented in Nigeria.
He explained that the Nigerian Content Development Fund, was a special fund created to finance Nigerian content development in the oil and gas industry.
