Nigerian Content Law in the Oil and Gas Industry | KPMG | NG

Recent Developments on Nigerian Content Law in the Oil and Gas Industry

Nigerian Content Law in the Oil and Gas Industry

This newsletter highlights the key recent developments with respect to the advancement of “Local Content” in the Nigerian oil and gas sector, and the reactions of both the main regulator, the Nigerian Content Development and Monitoring Board (NCDMB) and operators.

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Recent Developments on Nigerian Content Law in the Oil and Gas Industry

The Nigerian Oil and Gas Industry Content Development Act (NOGICDA) was promulgated in 2010, with the main thrust of increasing indigenous companies’ participation in the oil and gas industry, and as a consequence, boosting the industry’s contribution to the growth of the country’s gross domestic product.

The implementation of the law has been acclaimed to have attracted investments worth US$2 billion into the country, and created about 38,000 job opportunities.

This newsletter highlights the key recent developments with respect to the advancement of “Local Content” in the Nigerian oil and gas sector, and the
reactions of both the main regulator, the Nigerian Content Development
and Monitoring Board (NCDMB) and operators.

Please click here to download the full publication

© 2017 KPMG Professional Services in Nigeria, a limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.

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