President Bola Tinubu has introduced that the Federal Authorities will bar all Ministries, Departments, and Companies (MDAs) from procuring overseas items and providers the place native options exist.
This transfer is a part of a broader effort to strengthen native industries and cut back import dependency.
The directive was one of many key resolutions adopted on the Federal Government Council (FEC) assembly held on Monday and was shared in an announcement issued by Sunday Dare, Particular Adviser on Media and Public Communication to President Tinubu, by means of his official X account.
Based on the assertion, the brand new coverage, dubbed the Nigeria First Coverage, is designed to stimulate home manufacturing, implement native content material compliance, and overhaul the federal government’s procurement practices.
“We should foster a brand new enterprise tradition — daring, assured, and Nigerian. The federal government should lead by instance. We’ll spend money on our individuals and our industries by altering how we spend, procure, and construct.
“Going ahead, Nigerian trade will take priority in all procurement. The place native provide falls brief, contracts will probably be structured to construct capability right here. Contractors will not function intermediaries sourcing overseas items whereas native factories lie idle.
“We’ll make what we use and use what we make — not as a slogan, however as a nationwide dedication,” President Tinubu mentioned.
The assertion highlighted that the coverage shift is a part of the federal government’s broader technique to construct on latest {economic} reforms, together with the elimination of subsidies, infrastructure investments, and efforts to draw overseas funding.
It careworn that whereas multinational firms like Shell, Complete, and ExxonMobil have made new commitments to Nigeria, empowering native industries is now a precedence.
The assertion additionally criticized a procurement tradition that favors intermediaries depending on imports whereas native factories stay underutilized.
The administration views this coverage as the beginning of a brand new period centered on enterprise, self-reliance, and nationwide pleasure, pushed by robust public sector management.
