Senator representing Oyo Central Senatorial district, Teslim Folarin, has advocated for the full implementation of Nigeria’s local content act as a way of driving the economy in a manner that Nigerians would take ownership of critical sectors of the economy.
Senator Folarin who is the Chairman of the Senate Committee on Local Content, said the bill which he introduced would transform Nigeria into an industrial hub of the African continent, while expressing optimism that it would pass the third reading.
He further explained that government was over burdened with so many agencies which it relied upon for the implementation of the act, but were unfortunately, not giving out their best.Meanwhile, the bill which was seen by DAILY POST made a provision for the Vice President to head the Local Content Development Committee, who will drive policy direction on local content.
Source: Financial Digest (financialdigest.net)
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