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The Federal Government has projected that its new ‘Nigeria First’ procurement policy will inject N3 trillion into the economy yearly, reduce imports by 30%, and create over 500,000 jobs. This policy prioritises local goods in government procurement to fast-track industrial growth and promote indigenous manufacturing.
  • Policy expected to contribute 20% to Nigeria’s manufacturing sector growth over 3 years.
  • Over 500,000 jobs to be created in the short term.
  • Imports projected to decline by 30%.
  • Government agencies to prioritise Made-in-Nigeria products.
  • Executive Order to institutionalise local procurement policy.
  • NASENI highlights potential for industrial revolution and increased demand for Nigerian-made products.

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Minister of State, John Enoh, described the initiative as a game-changer for the manufacturing sector, stressing its potential to transform the economy and reduce dependency on imports. NASENI boss Khalil Halilu echoed this, urging local producers to maintain high standards and seize the opportunity to lead the country’s industrial revival.

With the BPP revising procurement guidelines and a register of qualified Nigerian producers underway, the success of this policy will depend on strict implementation, quality assurance, and collaboration across industries. Stakeholders believe the policy could mark a turning point in Nigeria’s industrial self-reliance.