Nigeria Oil and Gas Industry Content Development Act 2010: The most recent is the Nigeria Oil and Gas Industry Content Development Act 2010
which was signed into law in April, 2010. The Act provides that Nigerian companies must be
given primary consideration in the award of oil blocks, oilfield licenses, oil lifting licences and
any other contract available in the Nigerian oil industry. It also requires all companies
seeking for license in the oil and gas sector to provide a plan for a Nigerian local content in
terms of employment, procurement and use of local resources. The Act established the
Nigerian Content Development Agency which has the following responsibility of putting in
place a framework for continuous growth of Nigerian Content in the Nigerian Economy
through a balanced programme of planning, target setting, monitoring, stimulating
employment, improving contractor capability and capacity, while ensuring international
competitiveness of the materials, equipment and services provided by Nigerian companies.
The Niger Delta Development Commission (NDDC) (establishment) Act, No.6, 2000, LFN
2004, seeks to, among others, establish the NDDC with a recognised management and
administrative structure for more effectiveness and for the use of the sums received from
the allocation of the Federation Account for tacking ecological problems which arise from
the exploration of oil minerals in the Niger Delta area and for connected purposes.
In addition to the NDDC mentioned above, the Ministry of Niger Delta Affairs was established
in 2009 for interventions in infrastructural development, housing schemes, land
reclamation/shoreline protection, rehabilitation/remediation of oil-impacted sites, roads,
skills acquisition and water schemes.
The Niger Delta Regional Development Master, 2005-2020 outlines the economic and social
strategic objectives for the effective and sustainable development of the Niger Delta Region
(NDR) over the period of 2005-2020. Tables 18.1 below outline the economic development
targets for the planned period (2005-2020).
103