Local-content policies and legislation are now common in the emerging oil- and gas-producing economies of the developing world, those in Africa included. This paper’s main message is that local content policies, even where they have been translated into legislation, are not a panacea to ensure that the oil and gas sector is of significant national economic benefit, especially in Africa. Factors that are critical to achieving the effective outcome of local-content policies and legislation include capacity-building, adequate supplies of good quality local materials, good governance, and incorporation into the national agenda. Issues that are frequently taken for granted but nevertheless mus
Download