A fellow of the Nigerian Society of Engineers (NSE), Amb. Engr. Abdullahi Hashim, has hailed President Bola Ahmed Tinubu for approving the Renewed Hope Nigeria-First Procurement Policy, noting that it is a liberating initiative capable of transforming the nation’s economy.

Hashim, who is also a member of the Council for the Regulation of Engineering in Nigeria (COREN) and an alumnus of Harvard University, said the policy would reduce dependence on foreign goods, stimulate local industries, and unlock Nigeria’s economic potential through indigenous innovation and productivity.

The Nigeria-First Procurement Policy recently confirmed by the Minister of Information and National Orientation, Mohammed Idris, directs all Ministries, Departments, and Agencies (MDAs) to prioritise local content in procurement processes.

The policy also mandates that only when no viable local option exists may the Bureau of Public Procurement (BPP) grant a waiver for foreign alternatives.
Hashim in a statement on Wednesday described the policy as a palpable initiative that will indelibly shape Nigeria’s economic trajectory.

He noted that by prioritising locally-made products in government procurement, the President is fostering a culture of self-reliance, boosting internal productivity, and promoting economic growth.

Hashim expressed optimism that the implementation of the policy would lead to enhanced job creation, improved technical competence, and the strengthening of Nigeria’s industrial base.

He said, “This visionary policy will have far-reaching impacts on economic empowerment, which means Mr. President is injecting life into our economy, creating jobs, and stimulating innovation.

“This policy will help boost business confidence. It will encourage investments in local products and will enhance entrepreneurship confidence amongst the business players because it will help us in reclaiming our economic sovereignty and empowering our future sustenance.

“Additionally, the FPP will give tremendous aid to human liberation, and by breaking free from the foreign importation of certain goods, we build liberation and promote self determination.

“Mr. President’s efforts on this policy will guarantee a sustainable development in our dealings, because, the policy aligns with global best practices, promoting sustainable development, and reducing our carbon footprint.”

He urged stakeholders, including private sector players and government institutions, to align with the vision and ensure full compliance for the collective advancement of the nation.

“We celebrate your commitment to nation-building and look forward to the transformative impact of this policy on our economy and society,” the engineer added.