OrderPaperToday – A bill to amend the Nigerian Local Content Act to Provide for the development, regulation and enforcement of Nigerian Content in all sectors of the Nigerian economy except the oil and gas sector has passed passed second reading in the House of Representatives.
The bill which was sponsored by the Speaker of the House, Femi Gbajabiamila, Ochiglegor Idagbo (PDP, Cross River) and six others seeks to promote indigenous participation in key sectors of the economy.
Leading the debate on the bill, Idagbo stated that the proposed law would ensure the gains of the local content in the oil and gas sector spills over to other sectors so that local players could be empowered to become strong brands nationally and internationally.
“This is to ensure higher employment, capacity building and socio-economic security in Nigeria, as preparation for the post-oil and gas era. The bill also provides a framework for governance, monitoring and enforcement across all the selected sectors”, he explained.
Meanwhile, section 226(1)) of the bill makes it unlawful to issue visas to foreigners seeking to work in Nigeria whereby the skill being sorted could be available in Nigeria.
The bill further provides that indigenous operators shall be given first consideration in the award of oil blocks, oil licences and contracts in the oil and gas industry as captured in section 11.
The bill however makes it mandatory for submission of a Nigerian content plan in the award of any contracts by or to an operator.