Adopts Oil and Gas Industry Development Bill 2010
In April 2010 Nigeria adopted the Oil and Gas Industry Development Act which, inter alia, creates the Nigerian Content Development Agency and ensures that 70 percent of Nigeria's oil and gas production is done locally by 2010.The Act directs 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) Nigerian content plan, for supervision, coordination, monitoring and implementation of the Nigerian content. It also seeks to ensure ownership of the equipment, Nigerian personnel and capacity to execute jobs and makes indigenous participation in the industry obligatory.
Type: Treatment and operation (Operational conditions )
Industry: Primary (Mining and quarrying), Manufacturing (Manufacture of coke and refined petroleum products)
- Economist Intelligence Unit, Country Report, Apr 01, 2010