FEC APPROVES ‘NIGERIA FIRST’ POLICY TO SUPPORT LOCAL INDUSTRY

The Federal Executive Council (FEC) has approved a Nigeria First economic policy targeted at prioritizing the use of locally manufactured goods and services in all government procurements.

The Minister of Information and National Orientation, MOHAMMED IDRIS, who made this known  yesterday after the FEC meeting in Abuja, said the policy would soon be backed by an executive order. 

According to him, the policy aligns with President BOLA TINUBU’S objective of driving industrialization, protecting the economy from global disruptions, and boosting local production in the country. 

FEC had also directed the Bureau of Public Procurement (BPP) to revise and enforce fresh guidelines to favour local manufacturers and service providers.