The Federal Government has emphasized the economic potential of President Bola Tinubu’s recently announced ‘Nigeria First’ procurement policy, projecting it could add approximately N3 trillion annually to the national economy. Speaking at a media briefing on Sunday, May 18, 2025, Minister of State for Industry, Trade and Investment, John Enoh, stated that the policy is expected to drive a 20 percent growth in the manufacturing sector within three years, reduce imports by 30 percent, and create over 500,000 jobs in the short term. He highlighted the policy’s role in accelerating industrial growth by prioritizing local products in government procurement.
Khalil Halilu, Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), described the policy as a transformative step for local manufacturing, capable of sparking an industrial revolution and creating significant opportunities for Nigerian entrepreneurs. Halilu noted that increased government patronage of locally produced goods and services, such as NASENI’s Nigerian-assembled vehicles, smart irrigation systems, and renewable energy solutions, would boost demand across key sectors. He stressed the importance of maintaining high quality and standards, expressing confidence in local manufacturers’ readiness to meet the policy’s demands. Halilu reiterated NASENI’s commitment to supporting the policy through homegrown technologies, urging producers to uphold competitiveness.
On May 5, 2025, President Tinubu directed the Bureau of Public Procurement (BPP) to revise guidelines to favor local suppliers, announcing an upcoming Executive Order to promote Made-in-Nigeria products. The policy includes establishing a BPP register of qualified Nigerian manufacturers and service providers to ensure transparency and streamline access to local content in public procurement processes.
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