Nigerian Oil and Gas Industry Content Development Act (No. 2 of 2010).

The Act concerns participation by Nigerians in the oil and gas industry in Nigeria. All regulatory authorities, operators, contractors, subcontractors, alliance partners and other entities involved in any project, operation, activity or transaction in the Nigerian oil and gas industry shall consider Nigerian content as an important element of their overall project development and management philosophy for project execution. Nigerian independent operators shall be given first consideration in the award of oil blocks, oil field licences, oil lifting licences and in all projects for which contract is to be awarded in the Nigerian oil and gas industry subject to the fulfilment of such conditions as may be specified by the Minister. The Act establishes the Nigerian Content Development and Monitoring Board and provides also general rules relative to the gas and oil industry.