Following a ban on the importation of foreign goods by President Bola Ahmed Tinubu’s administration, Senator representing Borno South Senatorial District, Ali Ndume said, the development was in the interest of local production.
Reacting to the announcement, Ndume said, it is a healthy development for local contractors and artisans as it will boost their production for local patronage, while he commended President Tinubu for the bold move.
Meanwhile, the Minister of Information and National Orientation, Mohammed Idris, had announced a ban on the importation of goods by the administration after the Federal Executive Council meeting at the Villa, Abuja.
The Minister also disclosed that the Federal Government has 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.
According to Idris, the ban became necessary as it will strengthen the nation’s domestic economy and promote local contents, adding that it was in line with a sweeping new policy framework tagged the Renewed Hope Nigeria First Policy.
In a statement he made available to DAILY POST on Tuesday, Ndume stressed that the development would go a long way in promoting indigenous entrepreneurs, boost the local economy and generate employment for Nigerians.
“It is heartwarming to hear that President Tinubu has taken this bold decision to ban imported goods that can be produced locally.
“This will be a major boost for indigenous businesses amid the slipping Nigerian economy.”
“If implemented faithfully, it will shield our local producers striving to find their feet from being choked out of existence by established foreign investors who flood our market, unhindered, with goods that are cheaper and even substandard.”
