The partnership between NCDMB and NEXIM under the scheme is in accordance with the mandates of both organisations toward the promotion and development of services-related companies to effectively compete domestically and internationally, especially against the backdrop of the African Continental Free Trade Agreement (AfCFTA).

The synergy is also in the realisation of the growing influence and dominance of Nigeria’s services sector with an annual contribution of over 50% to the GDP.

Objectives of the Scheme

The NCDMB Women in Oil & Gas Scheme is designed to achieve the following strategic objectives:

• Boost indigenous participation of women in the oil and gas industry, build local capacity and competencies.
• Promote the growth and development of Nigerian Content in the provision of services by women to the Nigerian Oil and Gas Industry.
• Address persistent funding challenges that have constrained capacity and growth of women participation in services provision in oil and gas related activities..
• Facilitate and support start-up companies in participation and provision of services to the upstream oil and gas sector.
• Enhance productivity and women-related jobs creation in the Oil and Gas Industry.
• Enhance skill acquisition and competences of women in oil and gas related activities as well as improve their rating to undertake exports of services in the sector.

Eligibility Criteria / Target Market

The target market comprises women who are either entrepreneurs in the Oil and Gas industry holding majority shareholding (51%) in the obligor-company or part of Management whereby minimum of 50% are women.

Eligible Applicant / Qualification

Only duly registered oil-industry service company / contractor shall be eligible under this Scheme. Such shall also be:

• Duly registered/incorporated companies in Nigeria.
• Commercially viable and have contract relationship with IOCs.
• Applicant that meets ANY of the following Qualifications is eligible to access loan finance under the scheme: *Capacity Building (including financial advisory/ literacy), Project Finance, Asset Acquisition Entities with a minimum of 51% ownership by women OR Entities where at least 50% of Management positions are occupied by women OR Entities where the CEO and minimum of 40% ownership are women

Eligible Transaction

Eligible transactions to qualify for funding support under this Scheme shall comprised of various scope of activities relating to women participation in the Oil & Gas Industry, and that are catalytic for the industrialization of the sector viz;

• Manufacturing (equipment, components, accessories)
• Oil Service Contracts (Oilfield and Office Supplies, Security, etc.)
• Environment management.
• Leasing
• Logistics
• Catering
• Training, etc.

Eligible Loan

Eligible loans under this Scheme include the following:

• Working Capital
• Invoice Discounting Facility (IDF)
• Term Loan/Asset Finance.
• Lease Finance Facility (LFF)