It is becoming increasingly obvious that the Nigerian Government is keen to ensure that local content/indigenous participation becomes a reality in the execution of Oil and Gas Projects. The Government is also keen to ensure that foreign companies are active and represented by visible infrastructure, which demonstrate their commitment to development in Nigeria.
Local Content Implementation - Collaboration, Cooperation and Coordination
There is a need to understand clearly the requirement by the Nigerian Government for the collaboration between Nigerians and foreigners who are jointly engaged in the execution of work in the Nigerian Oil and Gas industry. The necessary framework for developing ”High-value” centers in Nigeria to serve as a business hub of activities for Africa shall be formulated through this policy is fundamental.
As a guideline for collaboration, cooperation and coordination, three key issues must be discussed and a common understanding agreed for documentation and endorsement by signatories of the collaborating bodies. This is to ensure commitment and acceptance of an undertaking with responsibilities for each party in the execution of Projects in the Nigerian Oil and Gas industry.
- Local Content Policy
- Nigerian Content Requirement
- Technology Transfer (Technical Services Agreement)
Vision 2020 Executive Summary
The Vision 2020: Youth Empowerment & Restoration initiative is a youth and national development initiative of Lonadek Oil & Gas Consultants, which was inaugurated in May 2006. The initiative involves collaboration with stakeholders in Government and the Private Sector to promote science and technology- biased professional and vocational development in youths who otherwise may, for lack of proper career guidance and counseling, resort to restive activity or delinquency.