Local Content: FG moves to exclude foreign firms from contracts below N5billion

2022 Budget speech: Budget of Economic Growth and Sustainability

Muhammadu Buhari, President of Nigeria

The Federal Government (FG) on Tuesday declared that contracts not above N5 billion will no longer be awarded to any foreign firms in the country. The government said this is to patronise and strengthen indigenous firms as part of an amendment in the local content laws in the country. Making t

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