What Is Local Content In Nigeria? The Nigerian Oil and Gas Development Law 2010 defines local content as “the quantum of com posite value added to or created in Ni geria through utilization of Nigerian re sources and services in the petroleum industry resulting in the development of indigenous capability without com promising quality, health,
What Is Local Content Requirements? The fastest growing of these measures are local content requirements (LCRs), which are policies imposed by governments that require firms to use domestically-manufactured goods or domestically-supplied services in order to operate in an economy. What does local content mean? Local content is the value that an extraction project brings to
What Is Nigeria Local Content Policy? The sole purpose of the Local Content is to increase Nigerian participation in the oil and gas industry by prescribing minimum thresholds for the use of local services and materials for the promotion of technology and skill to the Nigerian labour in the oil and gas industry. What is