Nigeria's Economic Think Tank Pushes for "Nigeria First" Law to Ignite Industry Boom

A leading economic advocacy group is calling on the federal government to swiftly pass a groundbreaking "Nigeria First" policy into law, arguing it could supercharge local industries and lure massive investments.

The Centre for the Promotion of Private Enterprise (CPPE) believes this legislation would prioritize homegrown businesses in government contracts, procurement, and incentives, creating a protective shield against foreign dominance while fueling job creation and economic self-reliance.

In a bold statement, CPPE's chief executive highlighted how similar strategies have transformed nations like South Korea and India into industrial powerhouses. "Enacting this policy isn't just an option; it's essential for unlocking Nigeria's vast potential in manufacturing, agriculture, and technology," he stressed.

The proposal comes amid concerns over dwindling foreign direct investment and a reliance on imports that drain national resources. By mandating that public projects favor local firms where feasible, the law could spark a wave of innovation, skill development, and infrastructure growth.

Experts aligned with CPPE warn that without urgent action, Nigeria risks falling further behind in global competitiveness. They point to success stories where "buy local" mandates have led to thriving domestic sectors, reduced unemployment, and stronger currencies.

Government officials have yet to respond publicly, but the push is gaining traction among business leaders frustrated with uneven playing fields. If implemented, the "Nigeria First" framework could mark a pivotal shift toward sustainable development, putting the country's entrepreneurs at the forefront of its economic revival.