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What is Local Content

Chapter 11
Microfinance and Sustainable Development in Africa
Is the value that an extraction project brings to the local, regional, or national economy beyond the resource revenues. The fastest growing of these measures are local content requirements (LCRs), which are policies imposed by governments that require firms to use domestically manufactured goods or domestically supplied services to operate in an economy.
Published in Chapter:
The Shortfalls of the Nigerian Oil and Gas Industry Content Act 2010 in Achieving Sustainable Development
Manuchim Lawrence Adele (Canterbury Christ Church University, UK)
Copyright: © 2022 |Pages: 15
DOI: 10.4018/978-1-7998-7499-7.ch011
Abstract
This chapter examines the impact that the concept of “sustainable development” in the Nigerian oil and gas industry has had and is likely to have upon the development of energy, resources, and economic growth in the future of Nigeria upon the focus and scope of energy, resource, and environmental law practice associated with that development. The chapter will adopt the definition of sustainable development as articulated in the Brundtland Report by the World Commission on Environment and Development. It will examine the legal status of Sections 10 and 12 of the Nigerian Oil Industry Content Development Act 2010 and its implication on international trade and sustainable development. The chapter argues that Sections 10 and 12 of the Nigerian Oil and Gas Industry Content Act 2010 do not reflect the meaning and intention of the Brundtland's definition of sustainable development, which evinces normative values, values of equity, and justice for all.
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Chapter 36
Positioning Library and Information Services for User Satisfaction through ICT Policy Formulation in Nigeria
This refers to indigenous resources, skills, traits and capacities, including natural endowments of people in a particular area.
Published in Chapter: Positioning Library and Information Services for User Satisfaction through ICT Policy Formulation in Nigeria; From: Handbook of Research on Information Communication Technology Policy: Trends, Issues and Advancements
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