Breaking News

Local content: Okowa tasks agency on transparency

Kindly Share This Story:
Local content: Okowa tasks agency on transparency
Governor Ifeanyi Okowa

Gov. Ifeanyi Okowa of Delta has charged authorities of Delta State Local Content Agency to enthrone transparency and strict adherence to the enabling law in its operations.

The governor gave the charge on Thursday, while inaugurating the Director-General of the agency, Mr Morris Idiovwa, at Government House, Asaba.

He said that the agency was the creation of the Delta State Local Content Agency Law promulgated on Sept. 16, 2020, and the inauguration of the director-general signaled its formal take-off.

Okowa charged the director-general to be transparent, selfless, disciplined, fair and firm and to focus on the goals of the agency.

READ ALSO: COVID 19: Observe protocols or risk closure, Ganduje warns market community

He said that local content was the value that companies or industries brought to national and sub-national economies.

According to him, such value is assessed in terms of employment of the locals, sourcing raw materials from the environment in which the companies operate and patronising local contractors as a matter of obligation.

“This is especially so when it involves extractive industries.

“Aside from employment generation, available evidence indicates that local content development engenders industrialisation, facilitates economic inclusion and enhances the ease of doing business.

“By virtue of its coastal nature, Delta State is host to a number of extractive industries, and as the industrialisation drive of this administration gathers momentum, a local content policy becomes imperative.

“This is to ensure that companies generate substantial local content, while ensuring compliance with standards and targets contained in extant rules and regulations as well as individual contracts”.

The governor said that the agency would, among other things, put in place a framework to enhance the ability of local indigenous companies to exploit local opportunities while staying competitive.

He said that it was also to monitor and ensure compliance with the provisions of the law, organise, coordinate and provide capacity-building and specialised programmes, and initiate projects, including training for entrepreneurship development.

Other roles of the agency, according to Okowa, are to streamline, coordinate and embark on programmes to increase indigenous local content in the operation of companies in the state.

It is also to facilitate the provision of local content jobs and project partnership with local, national and international organisations.

He charged Idiovwa to ensure that the agency developed and maintained a database of all companies operating in the state in line with the law which stipulated that they shall maintain 70 per cent local content participation of the state indigenes in their respective operations.

The governor expressed confidence in the director-general’s capacity to execute the goals of the agency, adding that the law was a clear indication of his administration’s commitment toward jobs and wealth creation.

“It further requires companies operating in the state to have an effective development plan to develop local skills, build contracting capacity, employment, technology transfer and use of local manpower in their operations in the state.

“This law is a watershed moment in the socio-economic development of our state. It typifies the commitment of this administration to create jobs, build the capacity of our people, protect our local businesses, and leave the legacy of a strong, resilient, and inclusive economy.

“I have supreme confidence in the ability of Mr Morris Idiovwa to get this agency off the ground, and up and running.

“An experienced engineer, his career in the oil industry as well as his position on the Communities Development Board of OML 30 puts him in good stead to head such a critical and vital agency,” he said.

Responding, Idiovwa pledged to ensure that the vision of the programme was achieved through the input of stakeholders.

He thanked Okowa for finding him worthy to serve, saying that with the inauguration, the state would enjoy inclusiveness as far as the local content law was concerned.

Vanguard News Nigeria

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!