OrderPaperToday – The House of Representatives has resolved to probe International Oil and Gas companies to ascertain compliance with the Nigerian Oil and Gas Industry Content Development Act of 2010.
The House also mandated its committee on local content to investigate the process of engaging vessels by international oil and gas companies.
It would be recalled that the Nigerian Oil and Gas Industry Content Development Act of 2010 was signed into law on 22nd April 2010 to increase the participation of Nigerians in the oil and gas sector by giving Nigerians first consideration in the award of oil blocks, oil field licenses, oil lifting and projects contracts.
The resolution was reached following a motion moved by Daniel Reyenieju (PDP, Delta) on Tuesday.
Leading the debate, Reyenieju noted that the Nigerian Oil and Gas Industry Content Development Act (NOGICD) of 2010 was enacted to ensure measurable growth of Nigerian content in oil and gas exploitation process.
He also noted that Section 12 of the Act provides that first consideration will be given to Nigerian goods and services in the evaluation of bids for goods and services required for projects in oil and gas sector.
The lawmaker disclosed further that section 15 of the Act requires all operators and alliance partners to give full and fair opportunities to indigenous contractors and companies in the award of contracts.
He however noted that the indigenous companies had spent money to procure vessels which are now lying fallow at the ports as the multinationals have refused to engage their services and would rather engage the services of foreign vessels that are not flying Nigerian flags and sometimes working through Nigerian companies as decoy.
He therefore stated that the House should help end the flagrant violation of NOGICD Act by IOCs.
When the Speaker, Yakubu Dogara put the motion to vote, the “ayes” had it.