How We Created 30,000 Jobs Through Nigerian Content Act – Alison-Madueke

How We Created 30,000 Jobs Through Nigerian Content Act – Alison-Madueke

The Federal Government says it has created about 30,000 jobs through the effective implementation of the Nigerian Content Act. The job creation figure was disclosed by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, at a meeting of the Governing Council of the Nigerian Content Development Monitoring Board (NCDMB) held in Abuja.

Specifically, the minister said the implementation of the Nigerian Content Act in the past 30 months has deepened the Nigerian oil and gas local supply chain, thus improving industry man-hours performed by Nigerians by over 350 per cent. Besides, she said Nigerian contractors in the oil and gas industry accounts for 87 per cent of total industry contracts, as a result of the Nigerian Content implementation, which has led to increased level of participation by Nigerians.

The Minister who also doubles as the Chairman of the Council disclosed that the 30,000 jobs were generated in engineering, fabrication, exploration and production, marine transportation and logistics sectors, which she said had been developed to become more robust. Alison-Madueke assured that the job growth figure will not only be sustained but will also have multiplier effects across industries as a result of the integration of youths training into the implementation process.

“I have no doubt that more jobs will be created in 2013 and we shall achieve greater localization of industry services, manufacturing and fabrication in 2013. The board has, to a large extent, achieved consensus in most aspects of Nigerian Content implementation to the extent that there has been no major dispute amongst stakeholders on interpretation of provisions of the Nigerian Content Law,” she said.

Also, she noted that stakeholders are equally responding positively to the need to do things differently in the industry, for the benefit of all, adding that this clearly demonstrates that the board has been carrying stakeholders along in the implementation of the Act.

Related news

LIST: 5 projects FG will tackle with next year's bonds

LIST: 5 projects FG will tackle with next year's bonds

LIST: 5 projects FG will tackle with next year's bonds