Abuja: Adedokun announced the Bureau of Public Procurement’s (BPP) strategy to invigorate Nigeria’s economy through comprehensive procurement reforms and the ‘Nigeria First’ policy. This announcement followed President Bola Tinubu’s presentation of the 2026 Appropriation Bill to the National Assembly.
According to News Agency of Nigeria, Adedokun expressed satisfaction with the presidential endorsement of public procurement reforms and the ‘Nigeria First’ Policy, which were integral components of the 2026 budget. He emphasized that the budget, themed ‘Budget of Consolidation, Renewed Resilience and Shared Prosperity,’ represents a pivotal transformation in Nigeria’s fiscal and industrial agenda.
Adedokun highlighted that President Tinubu’s speech was a mandate to overhaul procurement processes, particularly through the formal implementation of the ‘Nigeria First Policy.’ The President had noted the ongoing procurement reforms since November 2024, which have improved efficiency, reduced costs, and enhanced enforcement against non-compliant contractors and officials.
The ‘Nigeria First Policy’ aims to promote domestic products and businesses by mandating that all government entities prioritize Nigerian-made goods and local companies. This approach is intended to support local industries, create jobs, and decrease reliance on imports.
Adedokun emphasized that public spending is a key driver of economic transformation. By focusing on local content, the policy is expected to ensure that funds allocated to sectors like infrastructure, education, and health circulate within Nigeria, benefiting local industries and entrepreneurs.
Furthermore, Adedokun stated that the BPP is transitioning from policy creation to enforcement and accountability. He outlined that the bureau is implementing reforms such as mandatory local preferences, digitization of procurement processes, and stricter compliance measures to align with the President’s directive on budget discipline.
The 2026 budget, Adedokun noted, reflects national priorities and positions public procurement as a crucial element for job creation and sustainable growth. The BPP is dedicated to ensuring that the ‘Nigeria First’ ethos leads to tangible benefits for households and communities nationwide.