Achieving Local Content in Extractive Industries of African Countries

Richard A Owusu and Terje I Vaaland
Additional contact information
Richard A Owusu: School of Business and Economics, Linnaeus University, SE39182 Kalmar, Sweden
Terje I Vaaland: Uis Business School, University of Stavanger, N-4036, Stavanger, Norway

International Journal of Innovation and Economic Development, 2021, vol. 7, issue 1, 28-36

Abstract: Local content defines the extent of participation of local industry in extractive industries like mining, oil and gas. These industries are major destinations of foreign direct investments. They are very important revenue streams for governments of developing and emerging economies. In many countries, however, local industry is not participating enough. Recently researchers are bringing new perspectives into research and policy on the subject. We discuss the issue based on a review of relevant literature including a study in Nigeria in the wake of the passage of the new local content laws. Our study finds that the achievement of local content depends on the collaboration of a range of actors. Local political and legal institutions, local businesses, MNCs, universities and research organizations, international development partners and donors have to contribute their political and economic resources to achieve local content.

Keywords: Africa emerging markets, Local content, Local participation in extractive industries; Local participation in oil and gas industries. (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://researchleap.com/wp-content/uploads/2021/05/3-1.pdf (application/pdf)
https://researchleap.com/achieving-local-content-i ... f-african-countries/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijoied:v:7:y:2021:i:1:p:28-36

DOI: 10.18775/ijied.1849-7551-7020.2015.71.2003

Access Statistics for this article

More articles in International Journal of Innovation and Economic Development from Inovatus Services Ltd.
Bibliographic data for series maintained by Bojan Obrenovic ().