WorldStage Newsonline– The Nigeria Employers’ Consultative Association (NECA) has praised the Federal Government’s new procurement policy aimed at enhancing local production and driving economic growth.
NECA’s Director-General and Chief Executive, Mr Adewale-Smatt Oyerinde, gave the commendation in a statement on Tuesday.
“This is a commendable move, a long-awaited economic strategy we have consistently advocated for,” Oyerinde noted.
He said NECA had, for years, urged the government to prioritise buying goods made in Nigeria to support local industries.
“This will not only encourage production but reduce FOREX pressure, boost industrial growth, and create and sustain jobs,” he explained.
Oyerinde, however, stressed the need for effective implementation of the new policy across all government bodies.
“Without full execution by ministries, departments, and agencies, the policy may face the same fate as others,” he warned.
