The Federal Government, through its Nigeria First policy, is working to make procurement processes more straightforward and accessible for manufacturers and Micro, Small, and Medium Enterprises (MSMEs), the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has announced.
In an exclusive interview, Dr. Oduwole explained that the government aims to prioritize local sourcing by exhausting domestic options before turning to foreign suppliers for any goods or services. This is part of a broader effort to improve the business climate and support local industries.
“Our upcoming domestic investors’ summit will spotlight the middle tier of businesses mainly manufacturers and industrialists who are crucial to driving Nigeria’s industrial growth and expanding trade across Africa, especially through AfCFTA,” she said.
The minister highlighted ongoing initiatives to reduce bureaucratic hurdles, such as the National Single Window Project, Export Expansion Grant (EEG), and the Single Digit Credit scheme (SDC), which collectively help improve regulatory efficiency.
Emphasizing Nigeria’s role in Africa’s industrialisation, Dr. Oduwole noted, “Supporting locally made products isn’t just a slogan; it’s essential for job creation, maintaining a healthy trade balance, and protecting our foreign exchange reserves. The ‘Buy Nigeria’ agenda aims not only to boost local consumption but also to help Nigerian businesses grow and export globally.”
While there is an existing executive bill promoting local content, the minister acknowledged challenges with some ministries, departments, and agencies (MDAs) occasionally overlooking the policy. She stressed the importance of consistent enforcement of the ‘Nigeria First’ approach.
“Global trade rules limit discrimination, but we must still prioritize Nigerian industries and consume what we produce. Investments, both local and foreign, are vital for increasing productivity, trade, and export earnings,” she added.
Dr. Oduwole also outlined how compliance with the policy is tracked, referencing Executive Order 001, which monitors all MDAs, including those under her ministry. The Central Coordinating Delivery Unit (CCDU) evaluates performance regularly, ensuring steady improvement.
“Enforcement lies with the Bureau of Public Procurement and tender boards. It’s important for Nigerian companies to engage in government tenders and trust the system,” she said.
Addressing concerns about the cost of locally made products, the minister warned of the risks posed by cheaper imports flooding the market, which could turn Nigeria into a dumping ground. She called for intentional support of local goods, even if slightly more expensive, to sustain domestic businesses and improve market access across Africa.
“Nigerian products are already in demand continent-wide, and soon we will have data to confirm this growing trend,” she concluded.
