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By Tracy Moses
A member of the Nigerian Society of Engineers (NSE), Engr. Abdullahi Hashim, has thrown his weight behind the newly approved federal government procurement policy, describing it as a catalyst for economic transformation and industrial growth in Nigeria.
The policy, a fallout from Federal Executive Council (FEC) meeting presided over by President Bola Ahmed Tinubu, places a ban on the procurement of foreign products that can be sourced locally.
Reacting to the development on Tuesday, May 6, 2025, Engr. Hashim, who also serves on the Council for the Regulation of Engineering in Nigeria (COREN) and is a Harvard University alumnus, lauded the president for what he termed a “bold and strategic move” to prioritize homegrown solutions in national development.
In a statement issued to journalists in Abuja on Tuesday, Hashim said the “Renewed Hope Nigeria-First Procurement Policy” was a visionary step that will chart a new course for Nigeria’s economic direction by strengthening indigenous capacity and reducing the nation’s reliance on foreign imports.
“I sincerely commend President Tinubu’s courageous decision to implement this policy. It demonstrates leadership focused on fostering local talent, stimulating internal productivity, and driving sustainable economic growth,” he said.
The policy, according to the Minister of Information and National Orientation, Mohammed Idris, mandates that all Ministries, Departments, and Agencies (MDAs) must give preference to local content in their procurement processes. Waivers for foreign alternatives will only be issued by the Bureau of Public Procurement (BPP) when no feasible local options are available.
Hashim expressed confidence that the policy will not only revitalize local industries but also create jobs, improve technical skills, and reinforce Nigeria’s industrial backbone.
“This is a game-changing policy with the potential to unlock economic empowerment. It signifies that the President is breathing new life into the economy by stimulating innovation and creating opportunities for Nigerians,” he noted.
He further stressed that the policy will bolster business confidence, encourage entrepreneurship, and help reclaim economic sovereignty. “It is a major boost for local manufacturers and entrepreneurs. It assures them of government support and market access, which are vital for business growth.”
Hashim added that the initiative also aligns with international best practices by promoting sustainability and lowering the nation’s carbon footprint.
He called on both public and private sector stakeholders to rally behind the policy, ensuring its full implementation and success.
“We applaud President Tinubu’s commitment to nation-building and anticipate the profound impact this policy will have on our economy and society at large,” he stated.