Power & Energy · In force

Nigerian Oil and Gas Industry Content Development Act 2010

Mandated minimum Nigerian participation ("local content") in oil & gas contracts, jobs and services — signed by Jonathan as Acting President.

Signed
2010-04-22
Assented by
Jonathan →
Status
In force
01 Background

Signed by Goodluck Jonathan while he was Acting President, the Local Content Act 2010 requires minimum Nigerian participation in the award of oil and gas contracts, jobs and services. It establishes the Nigerian Content Development and Monitoring Board (NCDMB), creates a 1% Nigerian Content Development Fund levy on contracts, and grants first-consideration rights to Nigerian firms and labour.

02 Key provisions · 4
§ 01
Minimum Nigerian-content thresholds per project
§ 02
Establishes the NCDMB
§ 03
1% Nigerian Content Development Fund levy
§ 04
First-consideration rights for Nigerian firms/labour
03 What changed in practice
→
Boosted local participation in the petroleum value chain
→
NCDMB now central to oil & gas contracting
04 Who it affects
Oil & gas operatorsNigerian service firmsNCDMBLocal labour
Official source
Library of Congress
Primary regulator / sponsoring institution ↗
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