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VP assures on local content

By Daniel IDONOR
ABUJA—VICE President Goodluck Jonathan yesterday reaffirmed the Federal Government is committed to ensuring equal playing field for both local and foreign but stressed the need to help local firms thrive through an effective follow up of its local content policies and initiatives.

He stated this when he received in audience a delegation of executives from two indigenous firms, Japaul Oil and Maritime Plc and Theremos International Services Ltd, in State House.

Dr. Jonathan commended local firms that have upgraded their expertise in major sectors of the economy and assured that Government will encourage them through vibrant local content policies and programmes that will boost manpower development and youth employment, and also discourage capital flight.

He urged local firms not to relent in acquiring the necessary equipment and expertise that will grow their operations and give them comparative advantage in the Nigerian economy.

Earlier, leader of the delegation and MD of Theremos Ltd, Lott Basil, solicited the support of the Federal Government for local firms particularly those in oil and gas operations.

He noted that a good number of them operate with international best practices and urged Government to recognize their operations in developing the nation’s oil and gas sector.

Also speaking, MD of Japaul Plc, Jegede Paul, thanked the Federal Government for the amnesty programme in the Niger Delta, as business operations by local and multinational firms have fully resumed in the area after a lull occasioned by militancy in the past.


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