Tamrose Repays $10m Content Intervention Fund Loan, Grows Fleet By 200%

Tamrose Limited, a starring lipid and state work company, has announced the palmy repayment of a $10 cardinal indebtedness it obtained successful 2019 from the Nigerian Content Intervention Fund (NCI Fund), the dedicated financing strategy managed by the Nigerian Content Development and Monitoring Board (NCDMB) for increasing capableness successful the lipid and state industry. NCDMB confirmed that the last instalment was completed connected September 30, 2025, with nary missed payments passim the six-year repayment period.

When accessing the loan, Tamrose operated with lone 4 information patrol vessels. With the enactment of the NCI Fund, the institution expanded importantly and contiguous owns a fleet of 15 vessels comprising 10 information patrol vessels and 5 level proviso vessels. This growth, achieved wrong six years, positions Tamrose arsenic a starring indigenous marine solutions supplier to Nigeria’s lipid and state industry.

The enforcement president of Tamrose Limited, Ambrose Ovbiebo, disclosed that the repayment milestone reflects some the rigorous standards NCDMB applies successful selecting beneficiaries and the interaction of its interventions successful gathering existent capableness among indigenous players. For Tamrose, it marks a defining infinitesimal successful its maturation travel and reinforces its presumption arsenic a arrogant beneficiary and emblem bearer of the NCDMB legacy.

In a missive addressed to the enforcement caput of NCDMB, Engr. Felix Omatsola Ogbe, Ovbiebo, thanked the Board for its unwavering enactment of indigenous companies. He stated that the repayment milestone besides marks a defining infinitesimal successful the company’s maturation travel arsenic a marine solutions supplier and a arrogant beneficiary of NCDMB’s intervention.

In designation of this achievement, Tamrose projected hosting a solemnisation lawsuit astatine the NCDMB league hallway successful Yenagoa, Bayelsa State, connected November 13, 2025. Oil and state stakeholders crossed the state volition be the event, which volition service arsenic an accidental to showcase however the NCI Fund has empowered indigenous companies portion besides highlighting broader benefits, including occupation creation, quality superior development, and value-chain expansion.