Nigeria: Developments concerning oil and gas industry | KPMG | GLOBAL

Nigeria: Developments concerning oil and gas industry

Nigeria: Developments concerning oil and gas industry

A law in Nigeria—the Nigerian Oil and Gas Industry Content Development Act—was enacted almost seven years ago, with goals of increasing domestic company participation in the oil and gas industry and of boosting the industry’s contribution to the growth of the country’s gross domestic product.

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Recent oil and gas law-related developments include:

  • The appointment of a new Executive Secretary
  • Launch of a content intervention fund
  • Content performance audits
  • Content compliance review
  • A public hearing on the implementation of local content

 

Read a March 2017 report [PDF 832 KB] prepared by the KPMG member firm in Nigeria: Recent Developments on Nigerian Content law in the Oil and Gas Industry

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