Adopts the Oil and Gas Industry Development Act 2010

The new Oil and Gas Industry Development Act creates, inter alia, the Nigerian Content Development Agency and seeks to ensure that 70 percent of Nigeria's oil and gas production is done locally by 2010. The Act stipulates that priority should be given to indigenous service companies. It aims to provide for, inter alia, (i) the development of Nigerian content in the country's oil and gas industry, and (ii) a Nigerian content plan for supervision, coordination, monitoring and implementation of the Nigerian content. It also makes indigenous participation in the industry obligatory.

• Type:

  • Entry and establishment (Ownership and control)
  • Treatment and operation (Operational conditions )

• Industry:

  • Primary (Mining and quarrying)

• Sources:

  • AllAfrica, Nigeria: At Last, the Local Content Act!, http://allafrica.com/stories/printable/201004300309.html, 24 Apr 2010
  • EI Sourcebook, Nigerian Oil and Gas Industry Content Development Bill 2010 , http://www.eisourcebook.org/cms/Nigerian%20Oil%20and%20Gas%20Industry%20Content%20Development%20Bill%202010.pdf, 23 Apr 2010