✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Lawan, Gbajabiamila harp on local content

The Senate President, Ahmad Lawan, has said for Nigeria to experience exponential economic growth, efforts must be made to expand the implementation of local content.

Speaking on Wednesday at the virtual opening of the Nigerian Content Summit organized by the lawmakers, Lawan said: “We are actually at a time for more inward reflection, through the enhancement of internal capacity, towards productivity and efficiency, for national progress.

Buhari unveils 17-storey local content house in Bayelsa

SPONSOR AD

DICON targets 55% local content production

“This is all to satisfy the yearnings and aspirations of the people,” Lawan added.

The Speaker, House of Representatives, Femi Gbajabiamila said Nigeria must look inwards to develop the skills and capacities required for local production to sustain itself against the backdrop of the current economic realities.

“These Bills reflect and represent this national imperative,” he added.

The Minister of State for Petroleum Resources, Timipre Sylva, however, called for collective effort and sustainable synergy in the drive to grow local content in different sectors of the economy.

The Chairman of Senate Committee of Local Content, Senator Teslim Folarin said the legislations seek to consolidate on the gains made in implementing local content in the oil and gas industry.

The Nigerian manpower content level in the Nigerian oil and gas sector currently stands at 30%.

In 2018, the country embarked on a 10-year strategic roadmap to achieve 70% by 2027.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

NEWS UPDATE: Nigerians have been finally approved to earn Dollars from home, acquire premium domains for as low as $1500, profit as much as $22,000 (₦37million+).


Click here to start.