Lucky Obukohwo Reporting
Senator representing Borno South senatorial district,
Senator Ali Ndume has thrown his weight behind President Bola Tinubu’s decision to ban the importation of foreign goods that can be produced locally, saying it as a major incentive for indigenous manufacturers.
The ban was announced by the Minister of Information and National Orientation, Mohammed Idris, during a media briefing following Monday’s Federal Executive Council meeting in Abuja.
According to Idris, the policy is part of the administration’s broader “Renewed Hope Nigeria First Policy,” aimed at revitalising the local economy and boosting local content.
In addition to restricting imports, the Federal Government also announced tighter controls on the employment of expatriates, saying that going forward, foreign workers would only be allowed to take on jobs that cannot be executed by Nigerian contractors or artisans, unless expressly approved by the Bureau of Public Procurement (BPP).
Describing the move as a landmark decision, Ndume said it would significantly strengthen local businesses, create jobs and reduce the pressure on Nigeria’s foreign reserves.
“It is heartwarming to hear that President Tinubu has taken this bold step to ban the importation of goods that can be produced within our borders. This is a major boost for indigenous businesses, especially at a time when our economy is struggling,” Ndume said in a statement.
He added that proper implementation of the policy would protect local manufacturers from being driven out by foreign companies flooding the market with cheaper, often substandard products.
“With stronger support for local industries, we will see more job creation for our youths, an increase in our Gross Domestic Product (GDP), and an appreciation in the value of the Naira due to reduced demand for foreign exchange,” he said.
Ndume also urged the government to go a step further by imposing steep taxes on select imported goods. “This will discourage the consumption of foreign products and encourage Nigerians to patronise locally made alternatives,” Ndume added.