Local Content Africa’s means to achieving economic development

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Local Content Africa’s means to achieving economic development
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African nations seeking to achieve economic prosperity must develop local capabilities to process, utilize, and export their resources as a means of powering their growth and development, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote said on Tuesday.

The Executive Secretary made the submission in his presentation at the ongoing 2023 Africa Energy Week in Cape Town, South Africa.

Advising on the strategy for enhancing local content capacity in African nations, Wabote stated that one important plan is to make local content a national agenda and back it with the appropriate legislation or legal framework in their respective jurisdictions. He listed other strategies for enhancing local content capacity as establishing factual data on current capacities in-country and carrying out gap analysis between current realities and the national vision, adding that “periodic gap analyses are essential to determine gaps that need to be closed and the progress being made in the target areas of interest.

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