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Full Implementation of local content as solution to unemployment

By Charles Nwaoguji

The Nigerian Content Development Monitoring Board (NCDMB) has identified the full implementation of the Local Content policies as solutions to unemployment in Nigeria.
The Executive Secretary, NCDMB, Engr. Simbi Wabote, who stated this at the factory tour of Kabelmetal Nigeria Limited, recently in Lagos, regretted that for many years, until lately, Nigeria had regarded crude oil as a commodity, instead of a resource – a situation which resulted in the loss of all in-country value adding activities and opportunity to capture the full benefits of the derivatives of crude oil.
He noted that the enactment of Local Content Law in the oil and gas industry and its implementation has become a game changer, helping Nigeria to claw back work, services and spend which used to leave the country to other parts of the world.
He reiterated that the essence of local content policy is “domiciliation and domestication”.
Stating that the oil and gas sector is not a huge employer of labour, compared to Agriculture, the Executive Secretary commended the current emphasis on Agriculture and diversification by the present government.
He also lauded the Federal government reinforcement of the Local Content Policy through the issuance of Executive Order “5” designed to boost local content practice in other critical sectors of the economy.
“I’m happy to tell you that Nigeria is gradually extending its effort toward making local content practice to other critical sectors like agriculture, ICT, construction, power and manufacturing in order to tackle the scourge of unemployment in the country,” he said.
He commended the management of the company for its resilience in investing hugely in the manufacturing of cable wire about 52 years in Nigeria.
He stated that the essence of his visit with his team was encourage the company to continue on its good work so far.
Speaking further, he enjoined the them to continue in local content drive as this is the only way to provide jobs for Nigerians.

In his respond, the Managing Director/CEO of Kabelmetal Nigeria Plc, Mr. Robert Kretschmer said that the company has being in existing in Nigeria for the past 52 years.
Kretschmer said that the challenge facing the company is finances which they have being working hard to tackle.
As part of their Corporate Social Responsibility, “we have recruited six young Nigerian school leavers from Government Technical College, Ikotun, Lagos.”

He said that the candidates entered into Apprenticeship Contracts with Kabelmetal Nigeria Plc in partnership with the German DVT Programme for a one year vocational training in three apprentices for Industrial Mechanics and three apprentices for Industrial Electical
“A new apprentices training batch is currently under preparation,” he added.
He commended the commended the Executive Secretary for the his visited and promised to always maintain standard at all times.

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