The Nigerian Government recently consolidated into one legislation known as the Nigerian Oil and Gas Oil Content Development Act, which legislation is more commonly referred to as the local content law, various other legislations which seek to develop a strong Nigerian content, development, research and participation of Nigerians in her very lucrative oil and gas industry. Nigerians are now required to be given the first consideration in any oil and gas business in the Nigerian energy industry. The penalties for not following a Nigerian Content Plan include a fine of 5% of the contract value and or the outright cancellation of the contract or contracts.
This newsletter is our contribution to your appreciation of the various previous of this Law and how it may impact on your business.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.