Author: S. C. Peters Esq. 1.0     GENERAL INTRODUCTION 1.1     It was a rare privilege to have the opportunity of reading the article/paper of O.M. Atoyebi SAN on the subject he titled, “A BILL SEEKING TO ENACT THE NIGERIA LOCAL CONTENT DEVELOPMENT AND ENFORCEMENT COMMISSION: A MISCONSTRUED PERCEPTION OF THE EXECUTIVE ORDER 3”.      1.2     In the […]

PAPER BY: O. M. Atoyebi, SAN  INTRODUCTION  The Nigerian Local Content Development and Enforcement Commission Bill, 2020, (the “Bill”) is seeking to repeal the Nigerian Oil and Gas Industry Content Act, 2010 (hereinafter referred to as the “Act”). This shortsighted initiative emerged out of the misconstrued perception of the true purpose behind the issuance of the Executive Order 03 signed by the President […]

PAPER BY: Damilola Vordah Imong  INTRODUCTION  The Oil and Gas sector of the Nigerian economy has hitherto, remained the mainstay of the country’s capital value chain and the most remarkable component of our National Gross Domestic Product. Given this incontrovertible fact, it has therefore become highly imperative that the Act be revamped and its provisions brought […]

THE IMPACT OF THE NIGERIAN LOCAL CONTENT POLICIES ON HER INTERNATIONAL TRADE OBLIGATIONS While the NOGIC Act principally entrenches local content in the Nigerian petroleum industry, on the other end of the tunnel, Nigeria is a member of the World Trade Organization (“WTO”) and a signatory to the WTO Agreements, some of which prohibit the […]

Introduction The Nigerian petroleum industry has been the key driver of the country’s economy for many decades, constituting more than 14 percent of Nigeria’s GDP and 95 percent of its foreign exchange earnings. 75 percent of federal revenue comes from taxes on the oil and gas sector, and oil and gas makes up more than […]