FG mulls local content compliance in power sector



The federal government has declared it decision to ensure total compliance to the local content in the power sector, which it noted, will hasten the development of the industry.  

To achieve this, the Nigerian Electricity Regulatory Commission (NERC, on Thursday, organised a two-day stakeholders’ workshop on minimum specification on Nigerian Content and Requirement for labour in the power sector and exhibition of local products/ services for the Nigerian Electricity Supply Industry(NESI), in Abuja.

Speaking at the event, the Minister of Power, Works and Housing, Babatunde Fashola, explained that said compliance with the Executive Order 5 will boost development in the Nigerian Electricity Supply Industry(NESI).

The Executive Order 5 was signed in February 2018 by the President Muhammadu Buhari to increase local content in public procurement with science, engineering and technology components.

The Order is expected to promote the application of science, technology and innovation towards achieving the nation’s development goals across all sectors of the economy.

According to him, diligent compliance with the provisions in the Order will not only create jobs but also develop Nigeria’s scientific and engineering capabilities, stimulate innovation, social and economic development.

The minister, who was represented by the ministry’s Director of Procurement, Mr. Ahmed Abu, stressed the need to systematically develop Nigerian capacity and content in the industry for long term growth and stability.

Earlier, the NERC Chairman, Professor James Momoh, urged manufacturers to join in the implementation of the regulation of National content development for the power sector, 2014.

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