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HomeReal Estate NewsPresident Tinubu Bans Purchase of Foreign Goods Already Produced in Nigeria

President Tinubu Bans Purchase of Foreign Goods Already Produced in Nigeria

A new directive has been issued by President Bola Ahmed Tinubu, instructing all government ministries, departments, and agencies (MDAs) to stop procuring foreign goods that are locally produced in Nigeria. The announcement was made at the latest Federal Executive Council (FEC) meeting held in Abuja.

This move is aimed at boosting local industries and reducing the country’s dependence on imports. According to the presidency, the directive will be enforced through the Bureau of Public Procurement. Public institutions have been urged to set the example by supporting local businesses.

The health sector has already been affected by this policy. A circular from the Federal Ministry of Health directed federal hospitals to purchase only Nigeria-made needles and syringes approved by NAFDAC. Similar actions are expected across other sectors.

President Tinubu believes this step will support job creation, improve local production, and help preserve foreign exchange. The policy is also seen as part of a larger plan to promote self-reliance and economic growth.

Government agencies have been warned that strict compliance will be expected. It is hoped that this decision will restore confidence in Nigerian-made products and contribute to building a stronger economy.

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