Nigeria Prioritizes Locally Made Goods; Government Performance to Be Assessed
Nigeria Prioritizes Locally Made Goods; Government Performance to Be Assessed
The "Nigeria First Policy," endorsed on May 5, will now be a key performance indicator for government entities, Minister of Industry, Trade, and Investment, Jumoke Oduwole, said.
She emphasized President Bola Tinubu's renewed focus on promoting local content and industrialization, particularly in government purchases. Now, justification and waivers are required before ordering foreign goods and services.
Key aspects of the policy include:
🟠prioritizing local procurement;
🟠exhausting Nigerian options before considering foreign alternatives;
🟠streamlining regulations to support local businesses.
The government aims to make it easier for Nigerian businesses to get what they need, and compliance will be measured quarterly, reinforcing the goal "to produce what we consume and consume what we produce," Oduwole emphasized.
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