Zinox Commends FG for Executive Order on Local Content

Dr. Leo Stan Ekeh, chairman of Zinox Group, has commended the Federal Government on the recent signing of an Executive Order compelling its agencies to buy Made-in-Nigeria goods and services, noting that the move will go a long way in boosting indigenous businesses and the local content drive in Nigeria.

The order, which was signed by Acting President Yemi Osinbajo on Thursday dwells mostly on the preference for indigenous goods and services as well as the removal of bureaucracies which stall businesses.

The stipulated Executive Order, as detailed in a document presented by Okechukwu Enelamah, minister of Industry, Trade and Investment, states that all Ministries, Departments and Agencies (MDAs) of the Federal Government shall grant preference to local manufacturers of goods and service providers in their procurement processes for a number of items including food and beverages, motor vehicles, Information and Communication Technology (ICT) products, pharmaceuticals, construction materials, furniture and fittings, among others.

In his reaction, Ekeh hailed the FG’s move as a step in the right direction and a potential game-changer for many quality-minded local businesses in Nigeria.