FG says Executive Order 5 will encourage job, wealth creation
Minister of Science and Technology, Dr. Ogbonnaya Onu, has said that Executive Order 5 bill, when signed into law, will encourage Nigerians to create wealth and jobs for the nation.
Disclosing this yesterday in Abuja when the inter-ministerial committee submitted its report on the bill, Onu said it would give Nigeria the capacity to produce things it needs and instil pride in Nigerians.
He said the bill would be studied before it is sent to the Federal Executive Council (FEC) for scrutiny before being forwarded to the National Assembly.
“When the draft bill is signed into law, it will encourage Nigerians to create wealth and jobs for the nation,” he said.
He commended the committee for producing a document that will be sustainable, adding that Nigeria ought to have done this long ago.
Earlier, the chairman of the committee and director of legal services in the ministry, Mrs. Yvonne Odu-Thomas, said the committee took time to assess the Executive Order 5 and came out with a comprehensive draft.
The Presidential Executive Order No. 5 for Planning and Execution of Projects, Promotion of Nigerian Contents in Contracts, Science, Engineering and Technology was signed by President Muhammadu Buhari on February 2, 2018 and has been duly gazetted.
It is expected to empower Nigerians to use their talents to contribute to national development and create a platform for Nigerians to leverage on the country’s natural resources to be self-reliant.