“…In this vein, the president of the Federal Republic of Nigeria on April 2, 2010, signed into law the Nigerian Oil and Gas Industry Content Development Bill (NOGICDA) wherein the local content development rules, regulations, and minimum targets for various inputs into oil and gas businesses in Nigeria, and penalties for violations are defined. The literature suggests that Nigerian government and fiscal response to develop a viable alternative to the oil and gas revenues has been ineffective, intermittent, and not properly prioritized (Akanbi, 2015;Babajide, 2017;Innocent, 2017;Adeleye, et al, 2020;Olomu, et al, 2020;Opeoluwa et al, 2021); thereby, creating an opportunity for local content policies to diversify the Nigerian oil and gas sector.…”