One of the bills being processed by the House seeks to enforce local content in all sectors of the Nigerian economy. It also seeks to enforce participation of the Nigerian workforce in all the sectors of the economy.
Executive Order 005 also makes it compulsory for MDAs to give first preference to Nigerian professionals and firms, especially in the execution of projects relating to science, engineering and technology. Sponsors of the bill said it would replicate and consolidate the gains recorded with the enactment of the Nigerian Oil and Gas Industry Content Development Act, 2010, in other sectors of the economy.
“All solicitation documents shall require bidders or potential manufacturers, suppliers, contractors and consultants to provide a verifiable statement on the local content of the goods or services to be provided.” The President had ordered that all “procuring authorities shall give preference to Nigerian companies and firms in the award of contracts, in line with the Public Procurement Act, 2007.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19: Reps seek review of school curriculumThe House of Representatives Committee on Basic Education and Services has stressed the need to review the school curriculum in line with current challenges. The new curriculum would be geared towa… Its better ooh bcus our people brain don dey turn to something else ooh Thank God..... So many programs should be permanently stopped and some courses removed as well. Courses to be taught under different programs should aim towards our vision as a country if there is any.
Source: Daily Trust - 🏆 13. / 51 Read more »
Reps minority caucus laud Edwin Clark role on true federalism“Indeed, Chief Clark in his service to the nation has demonstrated that the hallmark of statesmanship is in applying the opportunities and privileges therein for the benefit of others than the self; serving as a huge example for leaders at all levels.” Hahaha hahaha Hahahhaha God 4ver bless 🇳🇬
Source: GuardianNigeria - 🏆 1. / 94 Read more »
NDDC engaging in illegal spending of billions, refuses to submit budget performances – House of RepsThe House of Representatives, on Tuesday, took swipes on the Niger Delta Development Commission (NDDC), describing it as a 'corrupt' agency that has been engaging in 'illegal and unauthorized spending', to the tune of 'billions of naira'. Spokesman of the House, Rep. Benjamin Kalu, in a statement on Tuesday, also accused the NDDC of refusing
Source: DailyPostNGR - 🏆 11. / 59 Read more »
I have no contract with NDDC – Reps committee chairThe chairman, House of Representatives Committee on Niger Delta Development Committee (NDDC), Olubunmi Tunji-Ojo has denied having any contract with the commission. Speaking after a meeting held by…
Source: Daily Trust - 🏆 13. / 51 Read more »
Yemi Itodo: Post COVID-19 era: 7 reasons National Assembly must pass local content billAs the world prepares for measures in boosting economies after the ease of global lockdown, the Nigerian National Assembly, is once again, saddled with the responsibility of coming up with legislative piece and actions that could help rejuvenate the nation's economy and help Nigerians overcome post-Corona virus hardship. One swift step that must be taken
Source: DailyPostNGR - 🏆 11. / 59 Read more »
‘Buhari’s Executive order 10, restructuring for the poor’Chief of security handwriting AGBOOLA Punch warries is dis, am not understanding oh. Bubu na fine man o
Source: MobilePunch - 🏆 8. / 63 Read more »