…as 95% local content exported
01 August 2017, Sweetcrude, Lagos — The Nigerian Content Development and Monitoring Board (NCDMB), has said that for over 60 years, Nigeria has been exporting what rightfully belongs to its citizens to other countries, as 95 percent local content commodities, expenses, including manpower, are being exported.
According to Mr Tunde Adelana who spoke on behalf of the Board’s Executive Secretary, Engr. Simbi Wabote at the ongoing yearly Society of Petroleum Engineers (SPE) Conference, 95 percent local content commodities get exported while just 5 percent is left for Nigerians.
According to Mr. Adelana, for Nigeria to transform into an efficient industry for operational excellence, the issue of local content needs to be addressed.
“If Nigeria wants to succeed, there has to be a participation of local manpower. You cannot expect much from a country where 95 percent of its expenditure is being exported while 5 percent is left in Nigeria,” he said.
“What this means is that for over 60 years, Nigeria has been working for others to eat,” he added.
Adelana then called on the Federal Government to utilise local expertise instead of foreign ones.
“Nigeria cannot begin to look at attaining operational excellence if it still takes what belongs to its people outside the country, and the Federal government owes Nigeria the duty of enforcing the local content law,” he said.