Made in Nigeria textile

MDAs may Pay Higher For Nigerian-made Products

Spread the love

(Sundiata Post) – The Federal Government may direct its Ministries, Departments and Agencies to purchase locally made products even at prices up to 35 per cent higher than foreign products.

This followed a proposal sent to the Federal Government by the Manufacturers Association of Nigeria asking it to establish price preferential margins recognising that Nigerian-made products could cost higher because of the peculiarities of the nation’s economy.

In a keynote address delivered at the Nigerian Economic Summit in Abuja on Tuesday, Vice President Yemi Osinbajo said the proposal by MAN was reasonable, adding that the Federal Government was considering it.

Related Story:  13 ships discharging petroleum products, other commodities in Lagos


Osinbajo stated, “An Executive Order promoting local content in government procurement has been issued and is intended to give preference to Nigerian small businesses in specific sectors.

“One of the critical things that the Manufacturers Association of Nigeria has proposed to us in support of the local content initiative is what they described as ‘margins of preference’ for local content goods.

“In other words, what they are saying is that if you prefer locally made goods, then you must take care of the problems that local goods have; in other words, they are usually more expensive than the imported goods, so you have to take care of that by what they call ‘margins of preference.’

Related Story:  The era of fuel scarcity is gone for good, says NNPC GMD

“So, we are looking at that proposal and we are looking at the percentage for procurement purposes. But we do agree with the principle that if we are going to promote local content goods, then we must find ways of preferring them to imported ones and we think that the margins of preference is a sensible way to do so.”

Spread the love

Leave a Reply

Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: 08033083361, 08094208271 and 092900705
Whatsapp: 08053069436

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate