The Centre for the Promotion of Private Enterprise (CPPE) has urged the federal government to enact the Nigeria First Policy into law to ensure its effective implementation. CPPE Chief Executive Officer Muda Yusuf argues that this step is essential to prioritize Nigerian services, human capital, and enterprises in both public and private procurement and investment decisions.
Announced recently by President Bola Ahmed Tinubu, the Nigeria First Policy seeks to reduce reliance on imports and boost domestic production capacity. The CPPE believes that, if properly enforced, the policy could have a significant impact on the economy. However, the Centre warns that weak enforcement mechanisms, poor institutional coordination, lack of legislative backing, and policy inconsistency could undermine its success.
To address these challenges, the CPPE recommends that the federal government codify the Nigeria First Policy into law, thereby ensuring enforceability, consistency, and long‑term sustainability. The Centre also suggests integrating domestic‑preference clauses into all public procurement and investment promotion frameworks, introducing targeted fiscal incentives to stimulate domestic production, and building strong institutional and enforcement capacity to guarantee compliance.
Furthermore, the CPPE advocates for robust public‑private collaboration to drive innovation, ensure supply readiness, and deepen economic inclusion. It recommends establishing sector‑specific benchmarks and measurable performance indicators to monitor the policy’s impact and adjust strategies as needed.
The Nigeria First Policy is viewed as a strategic move in Nigeria’s economic development, emphasizing domestic production, value addition, and local participation. By codifying the policy into law, the government can ensure its effective implementation and create a more favorable business environment for Nigerian enterprises. The CPPE’s recommendations aim to support the government’s efforts to promote economic growth and development, positioning the policy to have a lasting impact on Nigeria’s economy and its long‑term sustainability.
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