A Bill for an Act to Enact the Nigerian Content (Non - Oil and Gas Sector) Development (Establishment) Bill to Establish the Nigerian Content (Non-Oil and Gas Sector) Development Council and to Provide for Programme Structure for the Use of Nigerian Expertise, Made-In-Nigeria Goods and Services, Economic Diversification and for Related Matters

Abstract

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: (a) 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; (b) 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; (c) strengthening of the international competitiveness of Nigerian domestic businesses; (d) the achievement and maintenance of control by Nigerians over the economic developmental initiatives and activities in Nigeria; (e) the provision of a robust and transparent monitoring and reporting system to ensure delivery of Nigerian Content policies; and (f) supervision and coordination of the implementation and monitoring of Nigerian capacities and capabilities in the Nigerian economy.