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Oil and gas industry Nigeria,

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Samson Ojodomo Onuche
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The Oil and Gas Sector, has over the years, accounts for a high percentage of revenue, and economic stimulation in Nigeria, prompting the need for citizen's involvement. The dynamics of economic development of any nation largely depends on the participation of her citizens in economic activities aimed at creating value in the system. This paper adopts the doctrinal approach, in assessing the role of the Nigeria Oil and Gas Industry Content Development Act 2010, in stimulating local participation, technological transfer and ownership in the Oil and gas sector. It assesses the challenges to the actualisation of the Nigeria content, and finds that the regulator, Nigerian Content Development Management Board (NCDMB) is constrained in its achievement due to weak enforcement capacity, confusing measurement standards, and non-regulation of the regulator itself. The paper recommends for stakeholders' participation, periodic amendments to the Act, and proposes key enforcement strategies to aid the achievement of the industry targets and objectives. The paper seeks to educate the government, citizens, and stakeholders of the Oil and Gas sector in Nigeria.