Posted By: | November 28, 2020 |

Discourse: Executive Order on ‘Support for Local Contents in Public Procurement by the Federal Government’

 

One of the three Executive Orders (EOs) signed same day in May 2017 by the Acting President, Prof Yemi Osinbajo, (SAN) focused on promoting made in Nigeria products in public procurements. Given Nigeria’s notoriety for import dependence, vis a vis government’s goal of weaning the economy off over dependence on oil revenues, the EO titled, ‘Support for Local Contents in Public Procurement by the Federal Government’ (LCEO) is a welcome initiative. It is not surprising that the eight (8) paragraph LCEO which became effective immediately - has attracted several commendations for the FG from diverse sector players – ranging from ICT to manufacturing.

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