Local Content Bill: NCDMB accuses National Assembly of sectors’ peculiarities

By Jean Ikani

The National Assembly of Nigeria has been urged to consider the particularities of various sectors of the economy when enacting local content legislation for sectors such as construction, information technology, energy and others.

The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote made the recommendation while speaking at the 5th edition of Valuechain Magazine’s Lectures and Awards held on Monday in Abuja.

The recommendation follows the continued efforts of the National Assembly to enact the Nigerian Local Content Development and Enforcement Bill 2020 to create local content legislation for other key sectors of the national economy. .

Speaking on the topic, “The Impact of Nigerian Content Law: Learning from the Successes of the Nigerian Oil and Gas Industry,” the local content boss who was represented by the council’s chief legal officer of Directors, Barr. Naboth Onyesoh, noted that the success and achievements recorded in the implementation of the Nigerian Oil and Gas Industry Content Development Act (NOGICD) had prompted various stakeholders to call for the extension of the Act to other sectors.

He stressed that the bill’s considerations to extend the local content law to these sectors must take a tailored approach to address the particularities of these sectors in order to be successful.

Rod. Naboth Onyesoh (2nd from left) represented the Executive Secretary of NCDMB at the event.

What the Executive Secretary says

In his words: “There is no doubt about the imperative to extend the law on local content to other sectors. Interestingly, this patriotic desire is expressed from different angles. Each of the bills has its merits and concerns; concerns would require relevant stakeholder input and collaboration to resolve and move forward.

“Although it is not just a matter of determining what shape or form the proposed legislative intervention would take, the Council strongly aligns itself with the call to extend the Nigerian Content Law to other sectors. However, based on our experiences in 12 years of implementing the current law and the particularity of the oil and gas industry, we believe that it would be more efficient and successful to adopt a tailor-made approach, which would take into account the particularities of the different sectors intended to be covered,” he concluded.

Speaking further, the SE noted that President Muhammed Buhari has strengthened the practice of local content in the oil and gas industry through his full support for Council programs as well as by issuing the Executive Orders (EO: 003 and 005) that aim to promote the local content contained in public contracts and projects.

He maintained that the Council has been pragmatic in implementing the Nigerian Content Act in the oil and gas industry to support the critical task of nation building and in actualizing some of the policies and initiatives of the federal government under President Muhammed Buhari. He pointed out that the Council’s activities have been oriented towards the dynamics of job creation, the implementation of the gas decade, the ease of doing business, diversification within the framework of the economic recovery and growth plan. (ERGP).

While praising the efforts of Valuechain magazine, Engr. Wabote noted that the story of the publication resonates with that of the Council because it tells of the positive impact of a small organization in a relatively short period of time.

He said: “The publisher has had a significant impact on the media landscape and the oil and gas industry.

The ES added that the magazine has carved a niche for itself in providing solutions through its presentation of credible information and education to enable Nigerians to actively participate in the oil and gas industry.

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