The Federal Government has given an assurance that it will protect indigenous and international firms operating in the country in line with the Local Content Act.
The Executive Secretary, Nigerian Content Development and Monitoring Board, Dr. Ernest Nwapa, said he welcomed the assurance given by the incoming administration that indigenous industries would be supported to grow.
Nwapa, who spoke on Saturday at the inauguration of the multimillion naira engineering facilities by Thompson and Grace Investment Limited in Port Harcourt, said the NCDMB was committed to developing indigenous firms.
According to him, the support for local firms will address the problem of unemployment affecting the country.
He said, “As we move into a new government, it is good that the new government has expressed support for Nigeria’s local industries and companies. We in the NCDMB are always called to support indigenous companies.
“We state clearly that any Nigerian or international company that builds on local content in Nigeria, will be protected. We are committed in NCDMB to growing Nigerian companies; we believe that more support to local industries will solve the major problems of unemployment in this country.”
Commending Thompson and Grace Investments for its workforce structure, Nwapa urged the management of the oil and gas servicing company to ensure sustainability of quality, adding that this was key to the growth of the economy.
The NCDMB executive secretary also appealed to the company to key into the Federal Government’s programmes specifically mapped out by the board to develop the economy.
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