Local Content

The Local Content Bill was been enshrined into Nigerian Law on the 22nd of April 2010. This act sets out specific work scopes that must be performed in Nigeria  and it guarantees fair access to foreign companies. The Act seeks to increase indigenous participation in the oil and gas industry by prescribing minimum thresholds for the use of local services and materials and to promote the employment of Nigerian staff in the industry.

It provides privileges for  indigenous companies by making sure there is first consideration for the training and employment of Nigerians and it sets out the criteria to be used by the operator and the contractor in assessing how first consideration is to be given to Nigerians in the process of evaluating bids for goods and services required for projects. This act directly affects operating companies, contractors, sub contractors and service providers in the oil and gas industries. In addition, the Act also affects, professional services engagements including legal and financial services in the oil and gas sectors of Nigeria.