ABSTRACT
This conclusion presents some closing thoughts on the concepts covered in the preceding chapters of this book. The book examines local content oil and gas law in Africa, with Nigeria as its primary case study. It analyses the World Trade Organization system as well as bilateral investment treaties, and compares same with the provisions of Nigerian Oil and Gas Industry Content Development Act. The book explains the reasons behind the adoption of local content requirements among several petroleum producing countries, their perceived benefits, as well as criticisms. The African continent is rising. The realisation that ownership of petroleum resources does not automatically translate into improved standards of living has engendered a sense of caution among new entrants to the industry such as Ghana, Tanzania, Uganda, and Kenya. Engagement, enlightenment, and constant interactions between regulators and the industry should be the first option in local content development.
