10 Local Content Policies in the Energy Transition Era …
321
competitive.
33 The extractive industry requires specific skills such as
welders, fabricators, electricians that have sophisticated skills for the
extractive industry. If a country has high literacy levels as well as competencies for the extractive sector or even skills that can be leveraged by the
extractive industry.
34 Local content policies can call for a high target of
national participation in the extractive industry value chain.
If the labour market of an economy has low literacy levels and a lack of
a skilled workforce. The foreign investor will definitely rely on the foreign
workforce to meet the demands of the extractive industry operations.
35
The foreign company will set a budget for training the domestic workforce, but this will be based out of the goodwill of the company as the
government cannot set the budget for training the domestic workforce
for the company.
36 Hence this enhances CSR rather than local content
policy targets. In this case, the government will set minimal local content
targets. Training provisions, in this case, should be placed by both the
government and the multinational companies, as the government needs
to place the right educational policies and fund technical schools and
universities to offer the needed skills so as to build a domestic workforce
that can integrate the extractive industry value chain. The East African
economy has largely been driven by the agricultural, tourism, services
and manufacturing sectors.
37 The oil and gas sector is a nascent industry
in the region; the skills and capabilities are not readily available within
the domestic population. Hence local content policies must be designed
accordingly to facilitate the optimal exploitation of the resources while
developing domestic capability.
33 Ngoasong, Michael Zisuh. “How international oil and gas companies respond to local content
policies in petroleum-producing developing countries: A narrative inquiry.” Energy Policy 73
(2014): 471–479.
34 Marcel, Valérie, et al. “A local content decision tree for emerging producers.” Chatham House,
The Royal Institute of International Affairs: London, UK (2016).
35 Ozigbo, Nathaniel C. “Technological capacity building in Nigeria’s oil and gas industry.”
Proceeding of the 19th annual International information Management Association, San Diego,
CA (2008).
36 Ramdoo, Isabelle. “Unpacking local content requirements in the extractive sector: What implications for the global trade and investment frameworks.” International Centre for Trade and
Sustainable Development (ICTSD).
37 Na, Hyeseon. “Is intraregional trade an opportunity for industrial upgrading in East Africa?”
Oxford Development Studies 47.3 (2019): 304–318.
321
competitive.
33 The extractive industry requires specific skills such as
welders, fabricators, electricians that have sophisticated skills for the
extractive industry. If a country has high literacy levels as well as competencies for the extractive sector or even skills that can be leveraged by the
extractive industry.
34 Local content policies can call for a high target of
national participation in the extractive industry value chain.
If the labour market of an economy has low literacy levels and a lack of
a skilled workforce. The foreign investor will definitely rely on the foreign
workforce to meet the demands of the extractive industry operations.
35
The foreign company will set a budget for training the domestic workforce, but this will be based out of the goodwill of the company as the
government cannot set the budget for training the domestic workforce
for the company.
36 Hence this enhances CSR rather than local content
policy targets. In this case, the government will set minimal local content
targets. Training provisions, in this case, should be placed by both the
government and the multinational companies, as the government needs
to place the right educational policies and fund technical schools and
universities to offer the needed skills so as to build a domestic workforce
that can integrate the extractive industry value chain. The East African
economy has largely been driven by the agricultural, tourism, services
and manufacturing sectors.
37 The oil and gas sector is a nascent industry
in the region; the skills and capabilities are not readily available within
the domestic population. Hence local content policies must be designed
accordingly to facilitate the optimal exploitation of the resources while
developing domestic capability.
33 Ngoasong, Michael Zisuh. “How international oil and gas companies respond to local content
policies in petroleum-producing developing countries: A narrative inquiry.” Energy Policy 73
(2014): 471–479.
34 Marcel, Valérie, et al. “A local content decision tree for emerging producers.” Chatham House,
The Royal Institute of International Affairs: London, UK (2016).
35 Ozigbo, Nathaniel C. “Technological capacity building in Nigeria’s oil and gas industry.”
Proceeding of the 19th annual International information Management Association, San Diego,
CA (2008).
36 Ramdoo, Isabelle. “Unpacking local content requirements in the extractive sector: What implications for the global trade and investment frameworks.” International Centre for Trade and
Sustainable Development (ICTSD).
37 Na, Hyeseon. “Is intraregional trade an opportunity for industrial upgrading in East Africa?”
Oxford Development Studies 47.3 (2019): 304–318.