Business

BPP to sanctions MDAs dogging procurement of made-in-Nigeria vehicles

Any false claims, misrepresentation or procurement undertaken outside the approved framework will attract sanctions in line with the Public Procurement Act and other applicable regulations.

Published

2 months ago

May 26, 2026

OCHEFA

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The Director- General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, Tuesday, warned Ministries, Departments and Agencies (MDAs) as well as suppliers that violate the ‘Nigeria First’ policy on local vehicle procurement will face sanctions.

Adedokun emphasised the warning during the signing of a policy framework on the procurement of locally assembled automotive products with the National Automotive Design and Development Council (NADDC) in Abuja.

The ‘Nigeria First’ policy, introduced by President Bola Tinubu, restricts MDAs from procuring foreign goods and services that can be sourced locally.

Under the policy, the Bureau of Public Procurement, BPP, is mandated to prioritise local content by maintaining an updated register of qualified Nigerian manufacturers and service providers.

The policy also requires MDAs seeking to procure foreign alternatives to provide written justification and obtain a formal waiver from the BPP before such procurement can be approved.

Speaking at the event, Adedokun reiterated that all procurement entities must source vehicles only from local assemblers approved by NADDC.

According to him, the framework establishes enforceable compliance requirements covering procurement planning, bidding documentation, contract awards and contract management processes.

Also speaking, Director General of NADDC, Mr. Joseph Osanipin, described the policy as a major step toward transforming Nigeria’s automotive industry and the broader economy.

“Any false claims, misrepresentation or procurement undertaken outside the approved framework will attract sanctions in line with the Public Procurement Act and other applicable regulations.,” he said.

Related Topics:Featured Nigeria First’ policy on local vehicle procurement

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Naira Exchange Rates Thursday, 22 July

Published

10 hours ago

July 23, 2026

OCHEFA

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BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,405 Sell ₦1,410

GREAT BRITISH POUND (GBP) Buy ₦1,880 Sell: ₦1,900

EURO (EUR) Buy ₦1,580 Sell ₦1,600

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,369.63

GREAT BRITISH POUND (GBP) ₦1,833.12

EURO (EUR) ₦1,563.03

SWISS FRANC (CHF) ₦1,685.08

JAPANESE YEN (JPN) ₦8.40

CHINESE YUAN (CNY) ₦202.21

WEST AFRICAN CFA (XOF) ₦2. 39

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,867.90

SAUDI RIYAL (SAR) ₦366.36

SOUTH AFRICAN RAND (ZAR) ₦83.40

Business

President Tinubu Tasks Judicial Officers To Remain Abreast of Evolving Global Maritime Laws

President Tinubu made the call in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).

Published

1 day ago

July 22, 2026

OCHEFA

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President Bola Tinubu on Wednesday urged judges to continually update their knowledge on autonomous vessels, digital shipping, artificial intelligence-driven maritime operations, maritime security and evolving international environmental regulations.

Represented by the Minister of Marine and Blue Economy, Adegboyega Oyetola, President Tinubu lauded the Nigerian Shippers’ Council for initiating and sustaining the international seminar for judges.

He described it as one of Nigeria’s foremost platforms for strengthening maritime jurisprudence, enhancing judicial capacity and promoting excellence in maritime justice.

According to Oyetola , rapid technological advancement is creating unprecedented legal questions relating to liability, navigational responsibility, insurance, collision regulations and allocation of responsibility when autonomous vessels malfunction.

He emphasised that the courts will increasingly adjudicate disputes involving decarbonisation, environmental compliance, blockchain-enabled cargo documentation, electronic bills of lading and other evolving international maritime legal frameworks.

“The emergence of autonomous vessels demands a judiciary equipped to resolve complex legal questions involving liability, insurance, navigation and technological accountability.

“Judicial officers must remain abreast of evolving international maritime law to ensure justice keeps pace with technological innovation,” he said.