The bill, which was sponsored by member representing Degema/Bonny Federal Constituency of Rivers State, Hon. Dagogo Farah, scaled the first reading on the floor of the lower legislative chamber on Thursday.
The Sponsor averred that the bills were in consonance with the existing Local Content Act, adding that any multinational company that contravenes it would have committed an offence and will risk prosecution. The Multinational Companies Appointment of Chief Executives Bill, when passed into law will guarantee that: “Without prejudice to the extant Federal Character Commission Act or any relevant applicable legislation, any appointment for the position of Chief Executive Officer of any multinational company shall be reserved for a qualified Nigerian with the requisite knowledge, proven integrity, cognate experience and capacity to provide leadership in the industry, ” a part of the bill reads.
On the other hand, the Nigerian Oil and Gas Industry Content Development Act Bill is expected to make provisions for the appointment of qualified Nigerians as Chief Executive Officers of Multinational Oil and Gas Companies operating in Nigeria.
Good move but that will not solve the situation ,capitalism will always continue to give the western nation the advantage
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