President Bola Tinubu has approved a bold new policy: Renewed Hope Nigeria First. It requires all federal bodies to prioritize Nigerian-made goods, services, and talent.
On Monday, Minister Mohammed Idris briefed the press after the Federal Executive Council (FEC) meeting. He explained that the directive would soon be backed by an Executive Order.
“This policy places Nigeria at the center of every kobo government spends,” Idris said.
He stressed the need to stop unnecessary imports.
Executive Order to Enforce Local Content Rule
The FEC fully supported Tinubu’s proposal. Attorney-General Lateef Fagbemi has been instructed to draft the required Executive Order. Under the policy, the Bureau of Public Procurement (BPP) will take the lead.
- It must revise its guidelines to favor Nigerian suppliers and service providers.
- The BPP will build a database of trusted local vendors.
- It will also take back control of procurement officer placements in MDAs.
- Moreover, all federal agencies must now seek waivers to import what’s available locally. Without a BPP waiver, foreign purchases are banned.
Imports Face Tougher Restrictions
When no local alternative exists, contracts must include technology transfer or workforce development plans. This mirrors the backward integration model in Nigeria’s Sugar Master Plan.
Additionally, all 2025 procurement plans must be revised immediately. They must comply with the new local-content standard.
“No foreign procurement will be allowed without solid justification,” the directive stated.
Officials say this policy could transform Nigeria’s economy. It aims to boost industries, create jobs, and reduce foreign dependence.
“From now on, the Nigerian government must buy Nigerian,” Idris concluded.
