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Nigeria must strengthen local capacities to achieve economic growth – Lawan

President of the Senate, Ahmad Lawan, has said for Nigeria to experience exponential growth in the economy, efforts must be made to strengthen the country’s local capacities particularly against the backdrop of realities that are fallouts of the COVID-19 pandemic.
Lawan made this known on Wednesday at the virtual opening of the Nigerian Content Summit jointly organised by the Senate Committee on Local Content and House of Representatives Committees on Content Development and Monitoring.
According to the Senate President, the Summit which is the first of its kind as a pre-public hearing stakeholders’ engagement, seeks “to stimulate understanding on the short- and long-term implications of relevant Bills before the two houses.”
He added that, “the Bills, including the Nigeria Oil and Gas Industry Content Development Act 2010 (Amendment) Bill, 2020 (SB.417), Nigerian Local Content Enforcement Bill, 2020 (SB. 419), and the Nigerian Oil and Gas Industry Content Act, 2020 (Repeal and Re-enactment) Bill 2020 (SB. 420), are obviously to increase composite value addition.
“This value addition expectedly developed from within, with the aid of local services and resources in the petroleum industry, should contribute to local capacity building, with considerations for the elements of health, safety and quality.”
Lawan while underscoring the need to develop the nation’s local capacities said, “we need to also appreciate that our social and economic conditions need continuous reviews for development, with a good quantum of home-grown fundamentals, and especially considering the new realities, brought by the Covid-19 pandemic.
“The pandemic reminds us of the need for resource independence, the strengthening of local capacity, and the importance of increasing indigenous variables in the Oil and Gas production, and in other areas.”
“The overall aim of this is the promotion of industrialization of the nation’s all-important Oil and Gas sectors, for enhancing the wellbeing of those in the industry and the overall growth of the Nigerian economy.
“We are actually at a time for more inward reflection, through the enhancement of internal capacity, towards productivity and efficiency, for national progress. This is all to satisfy the yearnings and aspirations of the people,” Lawan added.
Dele Fashomi
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93.Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism.He had done many courses in communication, including the EU-BBC Editing Course in 2002.Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013).He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers.He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 - 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 - 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor.Dele Fashomi is now the Publisher/Editor-in-Chief of Newstide247.com newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled:  Olabiyi Durojaiye - DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography - AGAINST ALL ODDS. There are many other books in the works under his pen.
https://newstide247.com
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