Tamrose Limited, a Nigerian marine services company oil and gas companies, fully repaid a loan of 10 million dollars obtained from the Nigerian Content Response Fund (NCI) Fund), marking an important step in its growth trajectory of six Years that saw the company triple its fleet and consolidate its position as a player key indigenous to the sector.

The NCI Fund, managed by the Nigerian Development Council and Content Monitoring Agency (NCDMB), confirmed that Tamrose had carried out its last repayment deadline on September 30, 2025, without any delay of payment. The loan, taken out in 2019, was aimed at supporting the development of capabilities of Nigerian value chain service providers oil and gas.

At the time the loan was paid, Tamrose operated only four security patrollers. Thanks to the support of the NCI Fund, the company has experienced dynamic expansion, increasing its fleet by 200% to 15 ships, including 10 security patrol boats and 5 supply vessels for platforms. These ships now serve major oil companies international and local operators on the offshore and onshore fields of Nigeria.

“The reimbursement stage reflects both the standards rigorous applied by the NCDMB in the selection of beneficiaries and the impact of its interventions on the strengthening of operators' capacities local,” said Ambrose Ovbiebo, executive president of Tamrose, in a press release announcing the finalization of the loan. “For Tamrose, this marks a turning in our growth and strengthening our role as a proud standard-bearer of the legacy of NCDMB.”

In a letter to Felix Ogbe, Executive Secretary of the NCDMB, Ovbiebo expressed his gratitude for the unwavering support of Advice to Aboriginal businesses and reaffirmed Tamrose's commitment to deepen local participation in the logistics and logistics sector maritime security in Nigeria.

Ovbiebo pointed out that the loan not only allowed the expansion of the fleet, but also the development of human capital thanks to crew training, technical certification and the creation of a maintenance center in Port Harcourt. “Our success proves the effectiveness of NCI fund. It shows that with rigorous execution, businesses local businesses can be competitive sustainably and create value in the oil and gas ecosystem,” he said.

The NCI Fund was created as a mechanism for financing at low interest rates to support service providers, Nigerian manufacturers and asset owners, in accordance with the law on content development in the Nigerian oil and gas industry (NOXIOUS). Managed in partnership with the Banque de l'Industrie (BoI), the fund grants loans to qualified local businesses in order to promote their participation in upstream and downstream activities, to reduce the escape of capital and to promote technology transfer.