Legislative Journey
-
First Reading12 Jul 2023
-
Second Reading2 Nov 2023
-
Committee Report19 Nov 2024Nigerian Content Development and Monitoring
-
Third Reading11 Dec 2024
-
Current StatusPassed
Summary & Analysis
This Bill seeks to ensure the diversification of the Nigerian economy through the application of Nigerian Content principles to transactions in the non-oil and gas sector of the Nigerian economy;
The development of domestic capacities and capabilities in the value chain of some critical sectors like ICT, Mining, Power, Maritime, Manufacturing, Health, agriculture, etc., in the Nigerian economy through strategic investments, education, skills transfer, expertise development, transfer of technology and know-how and active research and development programmes;
The achievement of minimum local employment level and in-country spend for the provision of goods and services in value chains of the various sectors of the Nigerian economy;
Strengthening of the international competitiveness of Nigerian domestic
businesses;
The achievement and maintenance of control by Nigerians over the
economic developmental initiatives and activities in Nigeria;
The provision of a robust and transparent monitoring and reporting system to ensure delivery of Nigerian content policies and supervision and coordination of the implementation and monitoring of Nigerian capacities and capabilities in the Nigerian economy.
The development of domestic capacities and capabilities in the value chain of some critical sectors like ICT, Mining, Power, Maritime, Manufacturing, Health, agriculture, etc., in the Nigerian economy through strategic investments, education, skills transfer, expertise development, transfer of technology and know-how and active research and development programmes;
The achievement of minimum local employment level and in-country spend for the provision of goods and services in value chains of the various sectors of the Nigerian economy;
Strengthening of the international competitiveness of Nigerian domestic
businesses;
The achievement and maintenance of control by Nigerians over the
economic developmental initiatives and activities in Nigeria;
The provision of a robust and transparent monitoring and reporting system to ensure delivery of Nigerian content policies and supervision and coordination of the implementation and monitoring of Nigerian capacities and capabilities in the Nigerian economy.