Today, a major step has been taken to boost local business in Nigeria and strengthen the country’s economy. The Federal Executive Council, led by President Bola Ahmed Tinubu, has approved the Nigeria First Policy, a bold move to prioritize goods made in Nigeria for all federal government purchases.
From now on, Nigerian-made products will be given first consideration in federal procurement. This means more opportunities for local manufacturers, Nigerian suppliers, and homegrown businesses. To ensure full compliance, government institutions must stick to this policy unless they have a written waiver from the Bureau of Public Procurement (BPP), backed by strong justification.
This high-impact policy also focuses on skills development in Nigeria, local capacity building, and penalties for violations. It’s a win for businesses looking to invest or expand in Nigeria’s manufacturing and supply industries.
Contractors and vendors are strongly encouraged to understand the policy and take advantage of the economic empowerment opportunities in Nigeria it offers.
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This aligns perfectly with the Renewed Hope Agenda, putting Nigeria first and building a stronger national economy.