President Bola Tinubu has banned Ministries, Departments and Agencies, MDAs, from procuring foreign goods or services which are already available locally without a written waiver from the Bureau of Public Procurement, BPP.
This is in a bid to strengthen Nigeria’s domestic economy and promote local content,
The new policy tagged the Renewed Hope Nigeria First Policy, seeks to foster a new business culture that is bold, confident, and very Nigeria.
Briefing State House correspondents at the end of the fifth cabinet meeting in 2025, presided over by President Bola Tinubu at the Council Chamber, Presidential Villa, Abuja, the Minister of Information and National Orientation, Mohammed Idris, explained that the new policy is to ensure that the country promote the home grown products.
The Minister described the policy as a bold shift in the country’s economic approach.
It mirrors U.S. President Donald Trump’s “America First” doctrine.
He said: “This policy seeks to foster a new business culture that is bold, confident, and very Nigerian. 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.”
