House of Reps moves to extend Nig. Content to other sectors

ABUJA: In a bid to extend the Local Content agenda to other sectors of the Nigerian economy and understand the implementation challenges with a view to seeking solutions the House of Representatives Committee on Local Content has concluded plans to hold a one-day special stakeholders conference in Abuja from next Monday.
The Committee which said that it has settled for the theme theme “Stimulating Local Capacity “ further said that the conference will be focusing on measurement and evaluation of capacity utilization towards an enhanced Nigerian content development, waiver administration and the implications in the achievement of Nigerian content development, as well as attractive and sustainable project funding for indigenous operators.
The conference aims at attracting experts from the oil sector, labour unions and different government ministries and agencies.
According to the Chairman of the Committee, Hon. Honourable Asita the scheduled summit is a follow-up to the Nigerian Local Content Summit which held in Port Harcourt, Rivers State between June 25 and 26 2012.
“The Nigerian Content Act was signed into law on April 22 2010 by President Jonathan.  The Act mandates the utilization of Nigerian human and material resources for the provision of goods and services to the petroleum industry within acceptable quality, and the responsibility to implement the position of the Act rests on Nigerian Content Development and Monitoring Board, NCDMB.
However, since its inception, NCDMB has been making progress towards implementing the provisions of the NCDMB Act, 2012 and it is for this reason that the Committee on Local Content decided to put together this two-day summit”. He enthused.

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