The Minister of Science and Technology, Dr Ogbonnaya Onu, has said the signing of the Executive Order 5 bill into law will encourage Nigerians to create wealth and jobs in the country.
Onu disclosed this in Abuja on Tuesday when the inter-ministerial committee submitted its report on the bill.
He said the bill would be studied before being forwarded to the Federal Executive Council for scrutiny and then 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 would be sustainable, adding that the country ought to have done this long ago.
The Chairman of the committee and Director, Legal Services in the ministry, Mrs Yvonne Odu-Thomas, said the committee took time to assess the executive order before coming 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 the president 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 the platform for them to leverage the country’s natural resources to be self-reliant.
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