The Federal Government’s new “Nigeria First” procurement policy is projected to inject approximately N3 trillion into the national economy in the short term—if the nationwide campaign to promote locally-made goods succeeds.
Minister of State for Industry, Trade, and Investment, Senator John Enoh, unveiled plans to launch a comprehensive push encouraging Nigerians to prioritize homegrown products. The policy aims to shift mindsets that often favor foreign-made goods—and channel consumer spending into domestic industries.
According to the Minister, the anticipated impact extends beyond financial gains. The spillover is expected to catalyze a vibrant wave of industrial activity, strengthen local manufacturers, and stimulate the economy where it matters most. Revenue generated from this campaign would be reinvested into upgrading infrastructure—expanding manufacturing capacity, supporting MSMEs, and creating sustainable jobs.
The ripple effects are significant: by incentivizing preferential procurement of Nigerian goods, the policy seeks to enhance local production, cut reliance on imports, and fortify value chains. This approach aligns with broader efforts to deepen Nigeria’s industrial base and elevate productivity.
The “Nigeria First” campaign would not stand alone. It dovetails with existing industrial goals, including strategies debated at upcoming regional summits and national events designed to mobilize cross-sector collaboration. These platforms are expected to help operationalize the policy, ensuring its success not just in theory, but in measurable economic transformation.
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