The Director of SystemSpecs Deremi Atanda, stated during the National Content Development and Management Board (NCDMB10th )’s Practical Nigerian Content Conference, which was held both online and on-site in Yenagoa, Bayelsa State that the country has to harmonize its local content policies
In terms of value generation, Atanda emphasized the importance of a powerful and realistic local content policy.
The systemSpecs director noted that while the concept of local content policy emerged in the oil and gas business, there have been requests for it to be applied throughout the economy.
The National Information Technology Development Agency (NITDA) issued rules on Nigerian content creation in ICT in 2014, according to the director.
The strategy aims to reach a 50% domestic content objective in the sector by requiring all ICT firms to register Nigerian corporations with a majority of Nigerian involvement.
The Nigerian Content Development and Monitoring Board (NCDMB) was also praised by Atanda for laying the groundwork for the Local Content Act.
He also mentioned the multiple chances it provided, such as stretching local players’ abilities to compete outside the Nigerian borders as the African continent becomes an economic union via the African Continental Free Trade Agreement (AfCFTA)
More local enterprises will increase capacity and export inventions, he stated, attracting international profits and foreign direct investment (FDI) to Nigeria.
The SystemSpecs director further stated that the proposed bill is a manifestation of the Nigerian goal of accepting responsibility for establishing a good nation by harnessing its resources.
He urged stakeholders to concentrate on strengthening local competence at all stages, while also wondering why Nigeria would seek immunization from other countries.
“Defense is another area where local content will be really beneficial,” the tech expert stated.
“This demonstrates the importance of defense gear and infrastructure to us.”
To guarantee rigorous compliance, Atanda further advocated for the Local Content Act to be effectively enforced.
Don’t miss important articles during the week. Subscribe to techbuild weekly digest for updates
