ASSESSMENT OF LOCAL CONTENT DEVELOPMENT AND ITS  IMPACT ON NIGERIA’S OIL AND GAS INDUSTRY POST COVID-19

Jude Ikechukwu Onah; Brendan Ekete Eje; Jackson Eluu

doi:10.5281/zenodo.14530047

ASSESSMENT OF LOCAL CONTENT DEVELOPMENT AND ITS IMPACT ON NIGERIA’S OIL AND GAS INDUSTRY POST COVID-19

Authors

Onah, Jude Ikechukwu Department of Engineering Management, Enugu State University of Science and Technology, Enugu Nigeria
Eje, Brendan Ekete Department of Agricultural and Bioresource Engineering, Enugu State University of Science and Technology, Enugu Nigeria
Eluu Jackson Department of Engineering Management, Enugu State University of Science and Technology, Enugu Nigeria

Abstract

The study assessed the impact of local content development policies on Nigeria’s oil and gas industry post-COVID-19, motivated by the need to evaluate policy effectiveness in fostering indigenous participation and workforce development. The dominance of international oil companies in the sector, despite the implementation of the Nigerian Oil and Gas Industry Content Development Act (NOGICD Act) of 2010, raised concerns about the limited growth of local businesses and the domestic workforce. This study aimed to evaluate the extent to which local content policies influenced the growth of indigenous businesses and workforce localization during and after the pandemic. A quantitative research design was employed, utilizing secondary data sourced from the Nigerian Content Development and Monitoring Board (NCDMB). Key metrics, including Nigerian Content Equipment Certificates (NCECs), expatriate quotas (EQ), Temporary Work Permits (TWPs), and Nigerian Content Value retention, were analyzed over the period 2020 to 2023. The findings indicated significant growth in indigenous business engagement, as reflected by a surge in NCEC issuance and increased registrations under the Joint Qualification System (JQS). Workforce localization improved, with balanced EQ approvals and rejections. Nigerian Content Value retention also rose from 33% in 2020 to 54% in 2023. These outcomes highlighted the effectiveness of local content policies in promoting economic resilience, though challenges such as technical and financial barriers persisted

Keywords:

Content, Development, Industry, Local, Oil and Gas

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Published

2024-12-19

DOI:

https://doi.org/10.5281/zenodo.14530047

Issue

Vol. 15 No. 12 (2024): December

Section

Articles

How to Cite

Onah, J. I., Eje, B. E., & Eluu , J. (2024). ASSESSMENT OF LOCAL CONTENT DEVELOPMENT AND ITS IMPACT ON NIGERIA’S OIL AND GAS INDUSTRY POST COVID-19 . Global Research Journal of Management and Social Sciences (GRJMSS), 15(12), 1–12. https://doi.org/10.5281/zenodo.14530047

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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