The federal government recently introduced the “Nigeria First” Procurement Policy in response to concerns about the low patronage and declining production of made-in-Nigeria goods. This policy aims to reaffirm the importance of promoting local content and industrialization by prioritizing Nigeria in all government interactions, especially procurements.
President Bola Tinubu reiterated his pledge to guarantee that Nigerian-made goods are given priority in all procurement processes, with the exception of situations in which such goods and services are not easily accessible in the nation, when the Federal Executive Council introduced the policy on May 5, 2025.According to information obtained
Operators of the International Oil Companies (IOCs) and indigenous operators also pledged their support for the strategy during the recently ended Nigeria Oil and Gas Energy Week (NOG) in Abuja. The “Nigeria First” Procurement Policy will undoubtedly have a good effect on the nation’s economy, strengthen currency trade, and increase the capacity of local manufacturers, according to economists and manufacturers who spoke to Daily Trust.
The “Nigeria First” Procurement Policy would increase the capacity and competency of indigenous manufacturers by building on the achievements of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010.
by Daily Trust, the “Nigeria First” strategy prioritized local businesses and products, frequently by imposing import restrictions on commodities that might be produced domestically. The majority of the nation’s manufacturers and economists have already praised the strategy, stating that its goals are to increase domestic production, create jobs, and lessen dependency on imported goods.
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