Local Content Policy (LCP) Linkages with MDAs (SL0008)

This policy is necessary to ensure that there is sufficient linkage between the local economy and foreign enterprises. By setting specific performance requirements, the Government aims to ensure that the benefits that Sierra Leone seeks to obtain from FDI including improved technology and managerial skills are integrated into the domestic market and distribution networks. There are key facilitative commitments that are already prescribed by the LCP such as the establishment of an implementing committee; however, it is currently not functional. And for us to proceed effectively; it needs to become more functional. Since key MDAs have a monitoring role to play, it is important that they understand their roles and responsibilities to implement the LCP. Moreover, MDAs should have collaborative meetings and share plans, revenue streams to enhance transparency and accountability.Actions Required/Milestones for Completion:
a) Setting up of an MDA linkage mechanism (revival of the implementing committee) to inform the implementation and monitoring of the local content policy to ensure more efficient sharing of information across key implementing institutions facilitated.
b) An audit of the implementation of the local Content Policy to inform the development of a Local Content Bill to be undertaken.
c) Local Content Bill tabled by Ministry of Trade and Industry in Cabinet.
d) Local Content Bill discussed and ratified by Parliament and passed into law.