The Centre for the Promotion of Non-public Enterprise (CPPE) has known as on the Federal Authorities to codify the “Nigeria First Coverage” into regulation to ensure its enforceability, consistency, and sustainability in driving the nation’s quest for {economic} self-reliance.
In an announcement signed by the Chief Government Officer, Dr. Muda Yusuf, and despatched to Nairametrics on Sunday, the CPPE emphasised that Nigeria stands at a pivotal second in its {economic} growth journey and should undertake a deliberate technique that prioritizes home manufacturing, worth addition, and native participation throughout all sectors of the economic system.
“When native content material insurance policies are backed by laws, institutional buildings, and financial incentives, they ship measurable and sustainable outcomes,” the assertion stated.
The group urged the federal government to transcend coverage declarations by embedding the Nigeria First precept into the nation’s authorized and institutional frameworks.
This, it stated, would guarantee long-term coverage continuity, appeal to funding confidence, and defend the economic system from exterior vulnerabilities.
It additionally said that the federal government ought to construct sturdy institutional and enforcement capability to make sure compliance, reduce leakages, and maintain momentum.
The group additional famous “previous govt orders and procurement insurance policies with out legislative pressure or enforcement mechanisms failed to provide significant outcomes.”
This, the assertion stated, underlines the necessity to transfer past coverage pronouncements to authorized, institutional, and operational frameworks able to driving compliance and accountability throughout sectors.
By embedding the coverage into regulation, CPPE argued, Nigeria may lastly chart a daring path towards self-reliance, industrial revival, and resilience within the face of worldwide {economic} uncertainties.
