Sustainability Of Local Content Policy In The Nigerian And Angolan Oil And Gas Sector: An Assessment

Abstract

This study examines the effectiveness of local content policies in Nigeria and
Angola’s oil and gas industries, highlighting the historical prevalence of
multinational corporations and the reliance on expatriate labour. Accordingly,
both nations have extant relevant legislations—Nigeria's Nigerian Oil and Gas
Industry Content Action, 2010 and Angola's Petroleum Decree 271/20—aimed at
boosting local engagement, empowering domestic workers, and asserting control
over natural resources. In our analysis, we explored how these legislations and
policies relate to the United Nations Sustainable Development Goals,
underscoring the need to balance economic growth, social equity, and
environmental stewardship. By tracing the development of sustainability concepts
from the UN Charter of 1945 to today, this study emphasises the interdependence
of economic, social, and environmental factors. Insights from Nigeria's experience
with local content regulations offer valuable lessons for Angola. The findings
suggest that while these policies have the potential to drive economic growth and
support sustainable development, their success relies on thoughtful
implementation and design. Ultimately, the study argues that both countries can
learn from each other to enhance their local content strategies and further their
sustainable development aims in the oil and gas sector.