News hotlines: 08111813019, 08025868561
Email: email@example.com, firstname.lastname@example.org
A clear picture on how local content drive will be tracked in other sectors of the economy other than oil and gas has started to emerge.
Giving insights at the just concluded 9th Practical Nigeria Content Forum in Bayelsa on Saturday, the Executive Secretary, Nigeria Content Development and Management Board (NCDMB), Mr Simbi Wabote, said “On legislation to extend local content to other sectors for economic growth and development, we are looking at an idea that would not allow proliferation of regulatory agencies in all sectors.”
According to him, “There would be no local content board for construction and another for Information and Communication Technology (ICT).”
“The legislation on local content for the sectors would be under one umbrella with different divisions in charge of each sector.
“A division would be in charge of construction, another ICT and oil and gas, among others.
“That way, you have one body responsible for regulation, but each of those divisions has their peculiarities,” Wabote said.
Explaining more, NCDMB boss averred that “The amendment of the Act would put into consideration the peculiarities of the sectors for easy implementation, instead of creating an over-regulatory regime.”
Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.