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.

 Nigeria’s Minister of Information and National Orientation, Mohammed Idris, Disclosed On Monday In Abuja While Briefing Newsmen After The Fec Meeting, That The Policy Would Soon Be Backed By An Executive Order. 

According To The Minister, The Policy Means Nigeria Comes First In All Procurement Processes; No Foreign Goods Or Devices That Are Already Being Produced Locally Will Be Procured Without A Clear And Justified Reason.  The Minister Added That the Policy Would Foster A New Business Culture That Will Make The Government Invest In Our People And Our Industries By Changing How The Government Spends Money