Friday, June 27, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
Home Across the Nation

PRESIDENT BOLA AHMED TINUBU UNVEILS “NIGERIA FIRST POLICY

Going forward, Nigerian industry will take precedence in all procurement. Where local supply falls short, contracts will be structured to build capacity here. Contractors will no longer serve as intermediaries sourcing foreign goods while local factories lie idle.

Newsroom Nigeria by Newsroom Nigeria
May 5, 2025
in Across the Nation
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

“This Policy Beckons a new era of local content enterprise, self belief and national Pride” Stimulating Nigerian Industry 🇳🇬 and Nigerians.

By Bola Ahmed Tinubu

Related posts

NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU

NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU

June 26, 2025
Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

June 25, 2025

I begin by thanking you for your service to the Nigerian people. Though we have come far, much remains to restore our nation’s prosperity.

This administration’s defining achievement is the structural reform of our economy. We have improved the business climate, removed costly subsidies, and invested in infrastructure. These reforms are already yielding results: rising reserves, increased oil output, renewed investor confidence, and multi-billion-dollar commitments from firms like Shell, Total, ExxonMobil, and SALIC.

The government has also positioned agriculture at the forefront of the administration’s priorities; recognising its pivotal role in ensuring food security, stimulating economic growth and alleviating poverty.

Following the launch of the National Sugar Master Plan II in 2024, the sugar industry, for example, is now under close scrutiny to scale up backward integration, intensify implementation efforts, and maintain disciplined focus on achieving the plan’s objectives — most critically, a major increase in domestic raw sugar production and a significant reduction in imports.

Yet, the private sector has so far not been able to embrace the opportunities our reforms and initiatives have created.

A number of factors may be responsible, but the root of the challenge is turning around a system that rewards dealmaking over real investment. We must end this. Public funds should not enrich intermediaries who export value instead of creating it.

We must foster a new business culture — bold, confident, and Nigerian. Government must lead by example. We will invest in our people and our industries by changing how we spend, procure, and build.

Going forward, Nigerian industry will take precedence in all procurement. Where local supply falls short, contracts will be structured to build capacity here. Contractors will no longer serve as intermediaries sourcing foreign goods while local factories lie idle.

We will make what we use and use what we make — not as a slogan, but as a national commitment.

Accordingly:

1.To the Bureau of Public Procurement (BPP):
â—‹Immediately revise and enforce procurement guidelines to prioritise locally made goods and homegrown solutions.

○ Create a “Local Content Compliance Framework” for all government procurements.

â—‹ Maintain a register of high quality Nigerian manufacturers and service providers regularly engaged by the federal government.

â—‹ Deployment of Procurement officers to all MDAs should be reverted to BPP as the line agency without jeopardising efficiency.

2.To all MDAs:

â—‹No procurement of foreign goods or services already available locally shall proceed without justification and a written waiver from BPP.

○ Where no viable local option exists, contracts must include provisions for technology transfer, local production, or skills development (by way of example the provision of Quota Allocations under the Sugar Master Plan should take into consideration participants’ backward integration plans and investment in Nigeria and ensure compliance with the Master Plan).

â—‹ Conduct an immediate audit of procurement plans and submit revised versions in line with these directives.

â—‹ Breaches will attract sanctions, including cancellation of procurement and disciplinary action against responsible officers.

Let this day mark the beginning of a new era of local enterprise, self-belief, and national pride”.

-President Bola Ahmed Tinubu at the Federal Executive Council

ShareTweetSendShareShare
Previous Post

JAMB: Over 1.5 Million Score Below 200 in 2025 UTME

Next Post

EFCC Explains Case against Very Darkman, (Martins Vincent Otse)

Related Posts

NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU
Across the Nation

NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU

June 26, 2025
Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers
Across the Nation

Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

June 25, 2025
TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK
Across the Nation

TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

June 25, 2025
INEC Receives Applications To Register Obidients People’s Party (OPP), 109 Other Political Parties Registration
Across the Nation

INEC Receives Applications To Register Obidients People’s Party (OPP), 109 Other Political Parties Registration

June 25, 2025
Across the Nation

Woman Going To India for Fibroid Surgery Arrested With 2.20kg Cocaine at  Airport

June 22, 2025
Across the Nation

Attacks on Benue Aimed at Conquest, Nationwide Jihad, Says Yoruba Group

June 21, 2025
Next Post

EFCC Explains Case against Very Darkman, (Martins Vincent Otse)

RECOMMENDED NEWS

TIME MAY BE ROUGH AND TOUGH, BUT WE MUST REMAIN UBOWED – TINUBU TELLS NIGERIANS IN NEW YEAR MESSAGE

1 year ago

Oyo Begins Distribution of Appointment Letters To 5,600 New Teachers

6 months ago

HEDA Calls on President Tinubu to Investigate Former Governor Ibikunle Amosun’s Assets to Address Nigeria’s Judgment Debt

10 months ago

EARTHQUAKE:  TINUBU  CONDOLES WITH MOROCCO

2 years ago

FOLLOW US

POPULAR NEWS

  • TAU Students Win Big   at National Innovation Challenge

    TAU Students Win Big   at National Innovation Challenge

    0 shares
    Share 0 Tweet 0
  • Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

    0 shares
    Share 0 Tweet 0
  • ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO, TINUBU PENS TRIBUTE TO A TRUE STATESMAN

    0 shares
    Share 0 Tweet 0
  • TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

    0 shares
    Share 0 Tweet 0
  • NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU

    0 shares
    Share 0 Tweet 0
Newsroom Nigeria

This independent, liberal online news platform aims to inform citizens about important issues. NEWSROOM NIGERIA covers political, business, economic, national, and international news. They are committed to journalism ethics and hold the government accountable.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.