MP to Introduce Local Content Bill
Parliament this week, granted Leave to Hon. Patrick Nsamba (Kasanda North) to introduce a Private Members' Bill for an Act titled the Local Content Bill, 2017.
The Local Content Bill, 2017 seeks to provide for the establishment of a national Local Content Committee, the maximization of value-addition and job creation through the use of local expertise; goods and services; businesses and financing in all undertakings where public funds are used; or where the undertaking is a licensable activity; the development of local content plans and the supervision, coordination, monitoring and implementation of local content.
"While delivering his first State-of-the-Nation Address to the Tenth Parliament, the President, H.E. Yoweri Kaguta used the term 'hemorrhage' while referring to the donations this country gives to different countries from where goods and services are imported goods and services. In his wisdom, the President wished and advised that this 'hemorrhage' be dealt with if this country is to attain the much cherished middle-incomes status by 2020," Nsamba said.
Nsamba said that through procurement of goods and services, our Government has over the years been donating dollars by engaging foreign companies in almost all procurements from constructing drainage channels, mere roundabouts, constructing Government buildings to major roads and power dams.