Analysis of the Efficacy of Local Content Legal Regime In Enhancing ‘Buy Uganda, Build Uganda’ Strategy in Uganda’s Oil and Gas Sector.

Abstract

Local Content in the wider scheme of Oil and Gas is imperative to empower local Ugandans technically, financially as well as skills acquisition and its ramification is socio economic transformation of the population and Uganda in general. Local content empowers or is a vehicle for empowering Ugandans through technical, financial and skills acquisition aspects the total sum of which is achievement of socio-economic transformation. In line with the above, in September 2014, Uganda launched the Buy Uganda Build Uganda policy. Initially, the Local content legal regime was embedded in Uganda’s Model Production Sharing Agreements and later crystalized in the Upstream and Midstream laws and regulations, and the National Local Content Act (which is yet to be assented to.) Despite the seemingly robust legal framework, several factors impede the efficacy of the Local Content legal regime in enhancing Buy Uganda Build Uganda strategy in Uganda’s oil and gas sector. This study therefore delves into an analysis of the efficacy of the local content regime in enhancing the BUBU policy. The study endeavors‟ to make sound recommendations in addressing these factors which will lead to success of the BUBU strategy in the Oil and Gas sector in order to achieve the overarching goal of BUBU and the overall economic Development of Uganda.