THE ROLE/ IMPACT OF NIGERIAN CONTENT: How can the Nigerian Content growth be sustained?

THE ROLE & IMPACT OF NIGERIAN CONTENT: 

How can the growth of Nigerian Content be sustained?

Nigerian Content is defined as the quantum of composite value added or created in the Nigerian economy through the utilization of Nigerian human and material resources for the provision of goods and services to the petroleum industry within acceptable quality, health, safety and environmental standards in order to stimulate the development of indigenous capabilities.

Prior to the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, several organizations operating in the oil and gas industry had committed extensively to the development of the host communities where their operational activities are being carried out, either for short or long term basis. These commitments have on several occasions been referred to as Corporate Social Responsibilities which in most cases have no specified scope, validity period, criteria or frequency and also no means of measurement on how these activities have added direct value to the nation.

The implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 has brought about the streamlining of all work packages and project scopes that are carried out in the Nigerian Oil and Gas Industry with a focus on identifying stakeholders, defining their roles and responsibilities in each sub-sector and also setting criterion for monitoring their individual achievements periodically to ensure compliance, which is contrary to the open ended mode of operation in the past.

To achieve this objective, the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, constituted the Nigerian Content Development and Monitoring Board (NCDMB), as a regulatory body to drive the implementation of the sections of the NOGICD Act, 2010, by boosting indigenous participation, developing capacities and competencies, creating linkages to other sectors of the national economy etc. With this regulation in place, each stakeholder (operator, contractor, sub-contractor or citizenry) could clearly identify her required commitments, responsibilities or opportunities on each specific project embarked on and focus to achieve them within the project lifecycle.

The NOGICD Act, 2010 being the reference document for Nigerian Content commitments in the Nigerian Oil and Gas Industry, has curbed the excesses in demands or alleged deprivation made either....

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