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Bill giving priority to Nigerians in Oil industry for Jonathan’s assent

By Emmanuel Aziken
The Oil and Gas Content Bill giving priority to Nigerians in employment and contracts in the oil industry may become the first bill to receive the assent of Acting President Goodluck Jonathan.

The conference report which harmonized differences between the Senate and the House of Representatives was passed by the Senate Wednesday.

The bill sponsored by Senator Lee Maeba aims to give exclusive consideration to Nigerian indigenous service companies which demonstrate capacity to execute oil and gas projects in some particular sections of the industry.

The bill is titled “A Bill for an act to provide ford development of Nigeria content in the Nigerian oil and gas industry.”

The harmonized provision between the two chambers also stipulates that compliance with the provisions of the bill would be a criterion for the award of oil licenses and permits.

One of the clauses agreed in the conference report stipulates that “Compliance with the provisions of this bill and promotion of Nigerian content development shall be a major criterion for award of licenses, permits and any other interest in bidding for oil exploration, production, transportation and development or any other operations in Nigerian oil and gas industry.”

The conference report was adopted without amendment. It is expected to be passed on to the Acting President within the next few days by the Clerk of the National Assembly, Mr. Yemi Ogunyomi for his probable assent.


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