Sopuruchi Onwuka

Indigenous logistics and oilfield services company, Tamrose Limited, has declared that the $10 million low interest loan obtained from the Nigerian Content Development and Monitoring Bard (NCDMB) has propelled rapid growth in its fleet size from just four vessels to 15 vessels that assisted the company diversify its services from security patrol to platform supply logistics.

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Oracle Intelligence reports that the loan was obtained from the Nigerian Content Intervention Fund (NCIFund), the dedicated financing scheme managed by the NCDMB for growing capacity in the oil and gas industry.

Tamrose Limited stated that the $10 million loan it obtained in 2019 from the NCDMB was fully repaid on September 30, with no missed payments throughout the six-year repayment period.

At the time of taking the loan, Tamrose operated with only four security patrol vessels; and with the support of the NCI Fund, the company expanded significantly to a fleet of 15 vessels comprising 10 security patrol vessels and five platform supply vessels.

“This growth, achieved within six years, positions Tamrose as a leading indigenous marine solutions provider to Nigeria’s oil and gas industry,” declared the NCDMB in a statement signed by the General Manager in Charge of Corporate Communications, Dr Obinna Ezeobi.

Executive Chairman of TamroseLimited, Mr. Ambrose Ovbiebo, said that the repayment reflects both the rigorous standards NCDMB applies in selecting beneficiaries and the impact of its interventions in building real capacity among indigenous players.

“For Tamrose, it marks a defining moment in its growth journey and reinforces its position as a proud beneficiary and flag bearer of the NCDMB legacy,” he said.

In a letter addressed to the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, Ovbiebo, expressed appreciation to the Board for its unwavering support of indigenous companies. He stated that the repayment milestone also marks a defining moment in the company’s growth journey as a marine solutions provider and as a proud beneficiary of NCDMB’s intervention.

In recognition of this achievement, Tamrose proposed to host a celebration event at the NCDMB conference hall in Yenagoa, Bayelsa State on November 13 2025. The event will be attended by oil and gas stakeholders across the country and will serve as an opportunity to showcase how the NCI Fund has empowered indigenous companies, while also highlighting broader benefits, including job creation, human capital development, and value-chain expansion.

Dr Ezeobi stated that the celebration event will provide an opportunity for stakeholders to reflect on the positive outcomes of NCDMB’s funding interventions and the importance of sustained collaboration in building capacity within the sector.

It will also serve as a platform to encourage more indigenous operators to take advantage of structured support systems like the NCIFund to expand their businesses and contribute meaningfully to Nigeria’s local content objectives.