The Nigerian Society of Engineers (NSE) has applauded President Bola Ahmed Tinubu and the Federal Government for the approval of the Renewed Hope Nigeria-First Procurement Policy, a groundbreaking move aimed at prioritizing Nigerian goods, services, and know-how in public procurement.
The policy mandates all Ministries, Departments, and Agencies (MDAs) to give utmost priority to local products and services, ensuring that government spending places Nigeria at the heart of every procurement decision. As confirmed by the Minister of Information and National Orientation, Mohammed Idris, this policy is a pivotal step toward empowering local industries, reducing reliance on imports, and promoting economic self-sufficiency.
In a statement signed by its President and Chairman-in-Council, Engr. Margaret Aina Oguntala, FNSE, NSE commends the directive that enforces the procurement of local alternatives, except where no viable local option exists, in which case the Bureau of Public Procurement (BPP) will issue a waiver. This policy is expected to significantly boost local manufacturing, skills development, and technology transfer in Nigeria, contributing to the growth of the economy and job creation.
The Society has also expressed its unwavering support for the policy, and willingness to collaborate with the government to ensure the successful implementation of this policy, providing professional insight, monitoring, and technical expertise.
“We believe that this policy will foster innovation, strengthen Nigeria’s Engineering sector, and create sustainable development opportunities for the nation,” said Engr. Oguntala.
The NSE urges for the swift issuance of the Executive Order to cement the policy’s legal foundation and ensure its effective enforcement.
SOURCE: CED MAGAZINE
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