SENATOR. OBA WANTS LOCAL CONTENT POLICY EXTENDED TO OTHER SECTORS | IBOMPLAZA NEWS
Chairman, Senate Committee on Petroleum Resources Upstream, Distinguished Senator Bassey Albert Akpan (OBA) on Tuesday, 19th May, 2020 called on his colleagues to extend the scope of the Nigerian content policy beyond the oil and gas sectors of the economy to enable Nigerians take charge of the commanding heights of the economy.
Speaking on the floor of the Senate during the second reading of the Bill for an Act to amend the Nigeria oil and gas Industry Content Development Act 2010 and other matters connected therein 2020, sponsored by Senator Folarin Teslim, Senator OBA said ”We may not be where we are supposed to be but we are not where we use to be. We must extend this bill beyond the oil and gas sector and do same for the other sectors of the economy”.
The bill seeks to amend 38 sections in the extant Act while introducing six new provisions. These amendments are meant to bring the provisions of the law at par with current global best practices in the oil and gas industry.