THE NIGERIAN LOCAL CONTENT ACT AND ITS IMPLICATION ON TECHNICAL AND VOCATIONAL EDUCATION AND TRAINING (TVET) AND THE NATION’S ECONOMY (Published)
The Nigerian state has been faced with various economic, social, political, educational, and development problems in all sectors of the Nigerian economy. These problems have eventually led to poverty, corruption, kidnapping, unemployment, stealing, terrorism, militancy, and armed robbery amongst others. In other to tackle theses challenges facing the nation, the Federal Government of Nigeria, under the leadership of President Goodluck Ebele Jonathan (GCFR), in March 2010 signed into law the Nigerian Local Content Act which aimed at promoting industrialization of the nation’s oil and gas industries and thereby improving the economic and social well being of citizens engaged in the industries. Using secondary data, this paper examines the Nigerian local content act, technical vocational education training (TVET) and the implication of Local Content Act on TVET and the Nigerian economy. Therefore, it was concluded that the Nigerian local Content Act adds value to Technical and Vocational Education and Training (TVET) in Nigeria. In addition, for Nigeria to achieved the intended goals and objectives of the Local Content Act, the government, stakeholders, and the board in charge of implementation and monitoring of the Local Content Act must first of all revitalize TVET institutions, train and retrain TVET professionals, and establish more TVET institutions that will help produced the skilled work force needed to implement the Nigerian Local Content Act.
Keywords: Economy, Local Content Act, Nigeria, TVET