The Nigerian Content Development and Monitoring Board (NCDMB) was established in 2010 by the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. NCDMB is vested with the mandate to make procedures that will guide, monitor, coordinate and implement the provisions of the NOGICD Act signed into law on April 22, 2010.
Integrate oil producing communities into the oil and gas value chain.
Foster institutional collaboration.
Maximize participation of Nigerians in oil and gas activities.
Link oil and gas sector to other sectors of the economy.
Maximize utilization of Nigerian resources i.e. goods, services and assets.
Attract investments to the Nigeria oil and gas sector (service providers, equipment suppliers etc)