What does the Nigerian Content Act mean?
The Nigerian Content Act is a law targeted at promoting local participation in the oil and gas industry. The Act provides exclusive consideration for Nigerian indigenous service companies which demonstrate ownership of equipment, Nigerian personnel and capacity to execute jobs in the Nigerian oil and gas industry.
When did the Act become operational?
What is key objective of the Nigerian Content Act?
Who is responsible for implementing the Nigerian Content Act?
What are the functions of the Nigerian Content Development and Monitoring Board?
How will Nigerian content compliance be enforced?
How will funding for implementation of the Nigerian Content Act be achieved?
What is the minimum project cost which must require approval by the Nigerian Content Monitoring Board?
How will the Act impact on the Nigerian economy?
Is the Nigerian Content Act capable of tackling unrest in the Niger Delta?
What are the compliance requirements of an operator with regards to employment?
How will the Nigerian Content Act deal with expatriate quota in the oil and gas sector?
What is the maximum succession plan for Nigerians to fill in expatriate positions under the Nigerian Content Act?
Apart from the lowest bidder consideration, what else affects the award of contracts in the Act?
What do I do when the stipulated minimum percentage of Nigerian content in – country cannot be achieved?
What additional cost does the introduction of this Act incur on projects in the Oil and Gas Industry?
What are the incentives from compliance with the Act?
Are there sanctions for non compliance with the Nigerian Content Act?
What has the industry been doing to comply with the Act?
What is the Reporting Relationship between the NCDMB and the Minister of Petroleum Resources?