The Federal Government has renewed its call for indigenous businesses to fully embrace the Nigeria First Policy, a strategic initiative designed to boost local content, strengthen domestic production, and reduce the country’s reliance on imported goods and services.
Secretary to the Government of the Federation (SGF), Senator George Akume, made the appeal during a courtesy visit by Mr. Solomon Ewanehi, the Managing Director and Founder of Solewant Group, in Abuja.
According to Akume, the Tinubu administration is unwavering in its commitment to creating a business-friendly environment that supports Nigerian enterprises while enhancing national competitiveness.
“The Nigeria First Policy is not just a framework; it is a blueprint for national growth and industrial resilience. Indigenous companies must seize the opportunities it presents,” he emphasized.
Leverage ‘Nigeria First’ Policy to Strengthen Local Businesses
The Federal Government’s directive encourages companies to leverage the Nigeria First Policy as a vehicle for expansion and innovation.
The policy prioritizes Nigerian-made products and services, aiming to foster a resilient economy that thrives on domestic capabilities.
Akume noted that the policy is already producing positive outcomes.
By encouraging local capacity, promoting innovation, and supporting industrial development, Nigeria First creates an ecosystem where businesses can flourish while contributing meaningfully to national economic growth.
He urged business leaders across various sectors to proactively identify and exploit opportunities under the policy.
“Every company that leverages the Nigeria First Policy today is building the economy of tomorrow,” Akume remarked.
Solewant Group Sets Example in Oil and Gas Sector
The SGF commended Solewant Group for its bold investments in the oil and gas value chain.
The company has made significant strides in steel pipe production, metal fabrication, and specialized coating solutions—critical areas for industrial growth and domestic energy infrastructure.
Ewanehi explained that the company’s expansion aligns closely with the Federal Government’s vision for indigenous participation in the sector, particularly following the divestment of assets by international oil companies (IOCs).
“Solewant Group is leveraging local expertise and resources to fill gaps in the industry, demonstrating that Nigerian businesses can lead in key energy segments,” he said.
The company has extended its operations beyond Nigeria, supplying steel pipes and coated products to other African markets, signaling a growing footprint for domestic manufacturers across the continent.
Boosting Crude Oil Production Through Local Partnerships
Ewanehi also informed the SGF of Solewant Group’s support for the Federal Government’s directive to the Petroleum Technology Association of Nigeria (PETAN) and other stakeholders aimed at increasing crude oil output.
By fostering partnerships between indigenous firms and industry players, the initiative seeks to enhance production efficiency, reduce operational costs, and strengthen the local value chain.
He added that the company plans to host the 9th Africa Energy Summit in Port Harcourt from November 27–28, 2025.
The summit will bring together sector experts and stakeholders to discuss strategies for boosting crude oil productivity and advancing Africa’s competitiveness in global energy markets.
“The summit is a platform to showcase how Nigerian companies can contribute to energy security and industrial growth while positioning Africa as a competitive player in global energy trade,” Ewanehi remarked.
Policy Benefits Extend Across Sectors
Experts believe that leveraging the Nigeria First Policy is not limited to oil and gas.
Industrialists, technology firms, agriculture players, and manufacturing companies stand to benefit from prioritizing domestic sourcing and local production.
By aligning business strategies with government priorities, companies can tap into incentives, enhance market share, and contribute to the creation of sustainable jobs.
Analysts suggest that widespread adoption of Nigeria First could reduce the country’s trade deficit, encourage innovation, and stimulate domestic investment.
“Companies that embrace local content not only benefit commercially but also play a critical role in national development.
This policy is an opportunity for Nigerian businesses to thrive on home soil while expanding regionally,” said an economic analyst in Abuja.
Encouraging Innovation and Industrial Growth
Senator Akume highlighted that the Nigeria First Policy also seeks to foster a culture of innovation among Nigerian entrepreneurs.
He urged companies to invest in research and development, adopt modern production technologies, and focus on quality standards that meet both local and international benchmarks.
“The policy is not just about using local materials; it is about creating solutions, designing products, and building systems that enhance Nigeria’s industrial competitiveness,” Akume said.
A Call to Action for Indigenous Firms
The Federal Government’s message is clear: Nigerian businesses must actively leverage the Nigeria First Policy to drive growth, strengthen industrial capacity, and reduce dependence on foreign imports.
From oil and gas to manufacturing, technology, and agriculture, the opportunities are abundant for companies willing to innovate and scale locally.
As Solewant Group demonstrates, indigenous firms that align with national priorities can achieve operational success, expand their reach across Africa, and contribute significantly to Nigeria’s economic resilience.
In the words of the SGF, “Leveraging the Nigeria First Policy today is an investment in the nation’s future. It is a commitment to a stronger, self-reliant, and globally competitive Nigeria.”
