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The Nigerian Content Development Act - Politics - Nairaland

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The Nigerian Content Development Act by thetruthfinderr: 12:02am On Jun 23, 2022
As Petroleum Minister, Alison Madueke fought for the implementation of the Nigerian Content Act. The Act was signed into law on April 22, 2010 by President Goodluck Ebele Jonathan. It made provisions for the first consideration of Nigerians in the operations of the industry. As a result, it gave rise to the increase in more indigenous operating and services companies.

According to Alison Madueke, the main objective of the Content Act was to “ensure that more Nigerian companies within the oil and gas sector are able to grow and provide jobs particularly technology based jobs and ensure employment generation over the next few years.”

She believed that the Nigerian Content Implementation will lend itself a critical way to the growth of the nation’s economy and development of the citizenry in terms of knowledge, capacity building and employment generation. Alison Madueke was also the chairman of the Nigerian Content Development & Monitoring Board (NCDMB).

In addition, The Board started training 100 craftsmen who will eventually work on the project in order to ensure that young Nigerians participate adequately in it. She said that in addition to 10,000 indirect jobs in subcontracts and supplier opportunities, the project will directly employ over 1000 people.

Ultimately, the Nigerian Content Law resulted in over 30,000 jobs for Nigerian Youths in the oil and gas industry. It encouraged indigenous companies to fabricate more pipelines and plants and due to the Content Act, more Nigerians are at the forefront of the downstream and upstream service sector.
Re: The Nigerian Content Development Act by Jennyjay283: 12:11am On Jun 23, 2022
Impressive wink
Re: The Nigerian Content Development Act by iconnecta(m): 12:20am On Jun 23, 2022
nice

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