Sourcing local is often mandated in order to receive approvals in the energy or mining sector, or to win government bids in infrastructure, transportation or the defense/aerospace sectors. It is also increasingly performed by companies who are wanting to put their best foot forward in demonstrating their commitment to the local community and to maximizing socio-economic impacts or meet their environmental, social and governance (ESG) goals. Assessing your local expenditure throughout your supply chain can provide you with an accurate assessment of your business’s potential performance in a more strategic socio-economic sphere.
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Latest posts in local-spend
Nigeria emphasizes local spend in N$1 trillion construction industry - leads sustainable development efforts among African countries
Earlier this month, AICCON estimated Nigeria's construction industry at N$1 trillion (USD$2.7bn or CAD$3.5bn) - with over 20% of that coming from the federal Ministry of Power, Works, and Housing.