The Nigerian Oil and Gas Content Development Act (hereinafter referred to as the 'Act') was promulgated on the 22nd of April, 2010. The Act defines the Nigerian content or 'Local\r
Content' as it is popularly called as the quantum of composite value added or created in the Nigerian economy by a systematic development of capacity and capabilities through the deliberate utilization of Nigerian human, material resources and services in the Nigerian oil and gas industry.
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