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Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsTinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy (31181 Views)

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Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by adenigga(op): 7:25am On May 06, 2025
President Bola Tinubu has ordered a ban on importation of foreign goods, especially those that can be produced locally in Nigeria.

Tinubu also placed a caveat on expatriates coming into Nigeria to execute jobs, which local contractors and artisans can undertake, unless there is convincing justification for it, including express permission from the Bureau of Public Procurement (BPP).

Minister of Information and National Orientation, Mohammed Idris, made the disclosure, shortly thereafter the Federal Executive Council meeting chaired by the President at the Council chambers of the presidential villa on Monday.

According to Idris, Tinubu in a landmark decision which is aimed at strengthening Nigeria’s domestic economy and promoting local content, approved a sweeping new policy framework tagged the Renewed Hope Nigeria First Policy.

Idris described the policy as a bold shift in the country’s economic approach.

He said it mirrors U.S. President Donald Trump’s “America First” doctrine.


The Information Minister also noted that the policy places Nigeria at the center of all public procurement and business activity, with a strong emphasis on empowering local industries and reducing dependency on foreign imports.

“This policy seeks to foster a new business culture that is bold, confident, and very Nigerian,” Idris said.

“It aims at making government investment directly benefit our people and industries by changing how we spend, how we procure, and how we build our economy,” he added.


The minister disclosed that the Attorney General of the Federation has been directed to draft an Executive Order to give full legal effect to the new framework.

He further clarified that the Nigeria First policy is expected to become the cornerstone of the administration’s economic strategy, especially as the government pushes forward with its industrialisation agenda and import-substitution goals.

According to Idris, the following decisions were approved by the Council and will be enforced immediately: The Bureau of Public Procurement (BPP) is to revise and enforce procurement rules that prioritise Nigerian-made goods and homegrown solutions across all Ministries, Departments and Agencies (MDAs).


He said the BPP will create a comprehensive compliance mechanism to ensure all government procurements adhere to local content requirements.

A regularly updated database of high-quality Nigerian suppliers will be maintained by the BPP and used as a reference for all procurement decisions, he noted while briefing State House Correspondents.

He said procurement officers currently deployed to various MDAs will be reverted to the BPP to ensure compliance and reduce undue influence or corruption.

According to him, no MDA will be allowed to procure foreign goods or services already available locally without a written waiver from the BPP.

The Information Minister also insisted that where foreign contracts are unavoidable, they must include provisions for technology transfer, local production, or capacity development in Nigeria.

“All MDAs are to immediately review and resubmit their procurement plans to align with the new policy directives.

“Breaches will result in disciplinary action and possible cancellation of the procurement process,” he noted.

The minister cited Nigeria’s sugar industry as an example of local capacity being neglected.

“We continue to import sugar despite the existence of the Nigerian Sugar Council and several local producers. This policy will change that,” he said.

He added that moving forward, [b]“Contractors will no longer be mere intermediaries sourcing foreign goods while Nigerian factories lie idle. Government money must now work for t[/b]he Nigerian people.”

The Nigeria First policy comes amid economic reforms being pushed by the Tinubu administration, including subsidy removals, a new foreign exchange regime, and efforts to restore investor confidence.

By making local content central to government spending, the administration hopes to drive job creation, industrial growth, and sustainable economic development.

While the policy will likely face implementation challenges and resistance from entrenched procurement interests, officials say the administration is determined to enforce compliance at all levels.

“This is a major shift in government policy. It puts Nigeria – not foreign companies, not imports – at the heart of our national development,” the minister said.

The Renewed Hope Nigeria First Policy is expected to take effect as soon as the Executive Order is signed by President Tinubu.
Source: https://dailypost.ng/2025/05/05/tinubu-bans-importation-of-foreign-gods-unveils-new-industrialisation-policy/

Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by Amayanabo01: 7:30am On May 06, 2025
You were never ordained by God therefore no policy of yours will yield and positive impact. Next time don't steal someone's mandate. It been 2yrs now still yet nothing to show for it, the universe have a way of dealing with crooks.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by BlocksNG(m): 8:00am On May 06, 2025
Tinubulation, ole oni drug.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by EnEnPeecee: 8:04am On May 06, 2025
Ole, tif barawo. Is a drug addict ever going to get anything right?

One who snatched it. Grabbed it and ran away with it?

The answer is hell "NO"
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by gabbytabby: 8:07am On May 06, 2025
Fake news.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by malali:
What are you banning ?

Do you have 100% control of your borders ?

Nigeria has over 1,400 illegal routes alongside 84 approved border posts,
the most porous borders are those shared with Niger, Cameroon, Benin, and Chad ?

Can you prevent smuggling through these borders ? If not this can never be enforced.

Stop announcing policies you cannot implement, Nigerians are not dummies.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by SoftSport(m): 8:28am On May 06, 2025
Well done to President Tinubu for trying to help Nigerian businesses grow and make more things in our own country, this is a good step for Nigeria.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by surgical: 8:32am On May 06, 2025
This is a knee jack approach it will not work just like subsidy removal
A well planned policy is what delivers not just making policies on impulse
Olodo president and olodo cabinet
Imposition of tariff would have been better than outright ban
He is going back to buhari policies he earlier condemned
He is even managing flotation of exchange rate now,I am surprised he no longer believes in market forces to do the job
After he has recked havoc on the economy
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by Senioreddy: 8:34am On May 06, 2025
For a staggering economy, this is a step in the right direction I must say. However, the major problem here is implementation and the measures put in place to quell any negative impact that may come this policy
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by DomPerignon: 8:54am On May 06, 2025
Obi importer business model in the mud.

Let me wait for the Agulu fraud to come and condemn this policy after mouthing off on consumption to production bullshit
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by DomPerignon: 8:55am On May 06, 2025
surgical:
This is a knee jack approach it will not work just like subsidy removal
A well planned policy is what delivers not just making policies on impulse
Olodo president and olodo cabinet
Imposition of tariff would have been better than outright ban
He is going back to buhari policies he earlier condemned
He is even managing flotation of exchange rate now,I am surprised he no longer believes in market forces to do the job
After he has recked havoc on the economy
Cry harder

Your import based economic model that relies on illicit funds has been a major setback to both our industrial base and currency debasement.

Go and farm.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by DomPerignon: 9:02am On May 06, 2025
malali:
What are you banning ?

Do you have 100% control of your borders ?

Nigeria has over 1,400 illegal routes alongside 84 approved border posts,
the most porous borders are those shared with Niger, Cameroon, Benin, and Chad ?

Can you prevent smuggling through these borders ? If not this can never be enforced.
Any smuggler that wants to bring in any contraband goods will have to do so without sourcing fx from CBN and risks not only having their goods confiscated but also a lengthy jail time.

Contraband goods on the shelves of retail outlets will also be confiscated.

So go ahead and snuggle if you can.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by malali: 9:07am On May 06, 2025
DomPerignon:
Any smuggler that wants to bring in any contraband goods will have to do so without sourcing fx from CBN and risks not only having their goods confiscated but also a lengthy jail time.

Contraband goods on the shelves of retail outlets will also be confiscated.

So go ahead and snuggle if you can.
So cute.
They will bring in the sugar in 100kg bags.
They will repack them in ordinary nylons (see through)
They will sell as retail.
We have smugglers that make billions from smuggling, only way to prevent this is to secure the borders.
In Switzerland you cannot bring in meat even if you drive out for a short trip. This is to protect their farmers. Its 100% enforced, they will check your groceries bag and receipt even if you are in a small private car !!
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by DomPerignon: 9:08am On May 06, 2025
Senioreddy:
For a staggering economy, this is a step in the right direction I must say. However, the major problem here is implementation and the measures put in place to quell any negative impact that may come this policy
Implementation is not a problem.

Ban access to FX from CBN .

If they want to make custom guys richer they can go ahead and try to snuggle through land borders
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by DomPerignon:
malali:
So cute.
They will bring in the sugar in 100kg bags.
They will repack them in ordinary nylons (see through)
They will sell as retail.
We have smugglers that make billions from smuggling, only way to prevent this is to secure the borders.
In Switzerland you cannot bring in meat even if you drive out for a short trip. This is to protect their farmers. Its 100% enforced, they will check your groceries bag and receipt even if you are in a small private car !!
The incentive to smuggle through land borders will not be there after they confiscate the contraband goods and vehicle that was used to smuggle it and then drag you to the courts as an economic saboteur.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by malali: 9:12am On May 06, 2025
DomPerignon:
The incentive to snuggle through land borders will not be there after they confiscate the contraband goods and vehicle that was used to snuggle it and then drag you to the courts as an economic saboteur.
The same way they dragged Yahya bello to court as an economic saboteur after embezzling over 80billion naira ?
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by DomPerignon: 9:16am On May 06, 2025
malali:
The same way they dragged Yahya bello to court as an economic saboteur after embezzling over 80billion naira ?
You better start searching for an alternative business model.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by jmoore(m): 9:17am On May 06, 2025
Hypocritical babablu bulabu who travels to France and UK many times a year to recharge.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by DomPerignon: 9:19am On May 06, 2025
jmoore:
Hypocritical babablu bulabu who travels to France and UK many times a year to recharge.
But your Agulu hypocrite said he wants to move Nigeria from consumption to production ?
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by Dougad: 10:07am On May 06, 2025
These fools so much love putting the cart ahead of the horse in this country.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by KnowAll(m): 10:34am On May 06, 2025
Can he really ban goods from other African countries and we say we want African free trade to blossom. Is this not double speakhuh
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by damble: 11:38am On May 06, 2025
G
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by dederocs(m): 11:39am On May 06, 2025
Very good bravo on this...the point here is, no need to import products we can easily produce.

Globalisation is gone, nationalism is the new diplomatic currency.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by Nobody: 11:39am On May 06, 2025
Be careful of people who praise you all the time. They are not genuine people
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by mrvitalis(m): 11:40am On May 06, 2025
This is what NOI was talking about in her interview last week or so

This has never worked in the history of mankind

Ability to produce something should not mean you should produce it...

Importation is not what's killing our economy lack of export is and our trade balance is not even as bad as India

This policy would just make people poorer
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by Paulo3ree(m): 11:40am On May 06, 2025
adenigga:
Source: https://dailypost.ng/2025/05/05/tinubu-bans-importation-of-foreign-gods-unveils-new-industrialisation-policy/
Only President with sense so far
Just hope he will receive the required support, and ban should not be absolute but in barges
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by TONYE001(m): 11:40am On May 06, 2025
Great!

This is a good move, for real!

May be painful initially, but in the long run, the result will be just fine!

Well done, sir.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by Offpoint1: 11:40am On May 06, 2025
I don't know if Nigeria government is daft or on drugs.

You don't just wake up and ban something, you should work till you know your country is producing enough of it before you ban importation of it.
Re: Tinubu Bans Importation Of Foreign Goods, Unveils New Industrialisation Policy by waternogatenemy: 11:41am On May 06, 2025
TINUBU CANNOT BAN ANYTHING, HE NEVER WON ANY ELECTION AND WITH LESS THAN 18MONTHS TO GO, EVEN HIS MAKER CANNOT SAVE HIM FROM WHAT IS ABOUT TO BEFALL HIM AND ALL HIS ASSOCIATES.
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