Presidential Order seeks to enforce local content in procurement and employment

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14 February 2018

Presidential Order seeks to enforce local content in procurement and employment

President Mohammed Buhari recently signed an Executive Order titled Planning and Execution of Projects, Promotion of Nigerian Content in Contracts and Science, Engineering and Technology. The Order directs Ministries, Departments and Agencies (MDAs) to promote local content by giving preference to Nigerian companies (defined as companies formed and registered in Nigeria with no less than 51% equity shares owned by Nigerians) in the award of contracts, bids and projects.

The Order is effective from 2 February 2018.