This page talks about the Local Content of Oil and Gas Business with its Development in Nigeria.
Local content gives a framework, for the increase in Nigerian participation in the Oil and Gas Industry or sector. It prescribes minimum thresholds for Nigerian participation in activities within the industry through the utilization of Nigerian human and material resources and services in the industry. It’s activities, connection with the exploration, development, exploitation, transportation and sale of Nigerian crude oil and gas resources.
Local content gives opportunity to Nigerian independent operators to be given first consideration in the award of oil blocks, oil field licenses, oil lifting licenses and in all projects for which a contract is to be awarded in the Nigerian oil and Gas industry.
Local content also gives consideration to Nigerian indigenous services companies which demonstrate ownership of equipment, Nigerian personnel and capacity to execute such work to bid on land and swamp operating areas of the Nigerian oil and gas industry for contracts and services.
GAS (LPG) BUSINESS IN NIGERIA
Before one embarks on a gas business, you have to have a good knowledge about the business, have a solid plan and execute it effectively. You need to be knowledgeable about the number of gas pants in your area, their turn over, that will help you in your own plans and working strategies to advertise yourself and also know the dos and don’t of the experience of others in the business.
– Opening a gas plant business is really money consuming, you need hug money in order to acquire equipment’s and machines in running your gas business
– Land, environmental and health implication, should be considered, because DPR(Department of Petroleum Resources) directives passed a bill that the location for a gas plant should at least be 15meters away from residential buildings or any building that has flammable materials.
– Before your license is given to you or application been approved, the DPR officials will come for inspection if been satisfied your license will be issued to you.
– DPR will come and investigate, Certificate of ownership of property, land survey, application letter for DPR, certificate of corporation (CAC) and tax certificate
LOCAL CONTENT DEVELOPMENT MEAN IN NIGERIA
Local content development boost local participation in the oil and gas projects and creating more employment opportunities for the locals, the federal government of Nigeria in 2010, enacted the Local Content Act in recognition of the inadequacy of the indigenous human capital development in the oil and gas industry in Nigeria. In order words, the Local Content development policy of the federal government is without some problems which have affected the effective and efficient implementation of the policy.
