#BounceExclusive: How You Can Benefit From Osinbajo's Executive Orders
It is not the first time that executive orders have been issued or laws made to check bureaucratic processes.
But there is something positive about the orders issued by Acting President Yemi Osinbajo on Thursday. Bounce News takes a close look at the signed documents.
What has changed is that we are in a time that the Nigerian government is showing ‘little will’ to force government’s Ministries, Departments and Agencies (MDAs) to do the right thing.
The order has stipulated sanctions that would be implemented should any agency fail to comply.
It may also be a time to go and buy a whistle and get ready to blow it in any ministry, department and agency of the government that do not comply with the order.
Nigerians can benefit from this order in several ways.
1. Nigerians that are into manufacturing have cried for better business environment that will promote local patronage, quenching the desire for foreign goods. Their request has now to an extent been met.
The government has increased support for local content, mandating its MDAs to give preference to local manufacturers of goods and service providers while making procurement.
“Made-in-Nigeria products shall be given preference in the procurement of Uniforms and Footwear; Food and Beverages; Furniture and Fittings; Stationery; Motor Vehicles; Pharmaceuticals; Construction Materials; and Information and Communication Technology,” the order stipulates.
In all items, at least 40 per cent of the procurement expenditure shall be locally manufactured goods or local service providers.
2. To further open the nation’s economy up for business, the order stipulates that Entry Experience of Visitors, ordinary tourist and business entry visas to Nigeria shall issued or rejected with reason by the Consular Office of Nigerian Embassies and High Commissions within 48 hours of receipt of valid application.
This will make it possible for foreigners to come in and establish businesses in Nigeria to provide job opportunities and create competition for other indigenous companies.
3. The third order requires all Agencies to on or before end of May every year, prepare and submit to the Minister of Finance and the Minister of Budget and National Planning their schedule of revenue and expenditure estimates for the next three financial years.
“All Agencies shall, on or before the end of July every year, also, prepare and submit their annual budget estimates, which shall be derived from the estimates of revenue and expenditure as projected in their three-year schedule,” the order further stated.
Success Of The Order
As much as these orders are out to stimulate the economy and ensure that all indigenous businesses grow, the success of the orders largely depends on enforcement.
Several orders have been issued before but poor implementation remains poison that kills the vibe that usually goes with issuing of such orders.
What strategies are in place to ensure that the sanctions that go with the order are implemented to the letter?
Do the permanent secretaries and other civil servants understand these regulation in detail?
One way to ensure that Nigerians in all states benefit from this order is to prevail on state governments to adopt similar strategies.
Nigerians can also benefit from the law if they will engage their whistles and blow it. This time may be not for 5% money return, but to assist the government to cleanse its MDAs and free Nigeria of corruption.
The government can also push up its procurement expenditure percentage in support of locally manufactured goods from 40 to 50% to shore-up patronage.
However, as much as the government may have the will to make it work, how about the infrastructure to sustain these demands. 48 HOURS to meet public demands without constant power supply and internet facilities may prove to be a very steep hill to climb.