Analysis Of the Efficacy of Local Content Procurement Requirement Legal Regime in Enhancing Social Welfare of Albertine Graben Area

Abstract

This abstract provides an overview of an analysis of the efficacy of the legal regime that requires local content procurement in the oil and gas sector and its impact on social welfare. The study aims to evaluate whether the implementation of the local content procurement requirement has enhanced social welfare for people in the sector.

The research methodology was involving a comprehensive review of existing literature on local content procurement policies in the oil and gas sector. Additionally, primary data will be collected through surveys and interviews from stakeholders, including oil and gas companies, government agencies, and local communities.

The study was analyzing the legal and policy framework governing local content procurement and examine its impact on employment creation, local enterprise development, technology transfer, and Overall economic growth. The research will also evaluate the challenges encountered in implementing the local content procurement requirement and suggest policy recommendations to enhance its effectiveness in promoting social welfare.

The study's findings were to contribute to the ongoing discourse on local content procurement policies' efficacy and inform policymakers and stakeholders on ways to promote social welfare in the oil and gas sector.