The Nigerian Electricity Regulatory Commission (NERC) said it would fast-track the implementation of local content development in the electricity sector to grow the sector.
Dr Sam Amadi, Chairman of NERC, made the promise in Abuja at a public consultation on the draft of the enforcement regulation on national content development for the electricity market.
He said that the regulation was aimed at establishing a framework for the development of the power sector in a way that there would be increased localisation of technology, services and employment opportunities for Nigerians.
He said that the workshop was put together to sensitise and articulate the views of all stakeholders in the electricity supply industry.
Moses Pila, Assistant Manager, Legal Licensing and Enforcement Unit in NERC, said that local content regulation was key to the development of the power sector.
Pila said the draft policy would ensure that qualified Nigerian operators were given first consideration for works and services in the electricity market in the country.
In a presentation titled “Regulations on National Content Development for the Nigerian Electricity Supply Industry,” he said that licence to operate in the sector should be given to indigenous firms first.
He also said that employment and training procedures in the system should make provision for succession planning to enable Nigerians to assume positions that could be occupied by expatriates.
On technology transfer, Pila said that the policy stipulated that expatriates in the industry should work through their Nigerian subsidiaries and ensured that a minimum of 51 per cent of equipment deployed were owned by the subsidiaries.
He said that there would be tax incentives for foreign and indigenous companies which manufactured or provided services and goods that could otherwise be imported into the country.
“There will also be a Nigerian Content Consultative Forum that will serve as advisory to NERC on matters relating to availability of local capabilities and other policy proposals relevant to the Nigerian content development,” he said.
He expressed optimism that the implementation of the policy would go a long way in developing the electricity sector and avoid some pitfalls in the oil and gas sector currently being addressed.