President Bola Ahmed Tinubu has officially approved the implementation of the Nigeria First Policy, which includes a ban on foreign importation, particularly for goods that can be produced locally in the country.

According to a statement released on Wednesday and reported by the Nigerian Television Authority (NTA), the policy will lead to the immediate implementation of revised procurement thresholds for Ministries, Departments, and Agencies (MDAs) that prioritize Nigerian products and services.

The approval follows recommendations from the Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun, and aligns with the President's Renewed Hope Agenda aimed at boosting local production and reducing dependency on imports.

"The details of the implementation guidelines will be provided by the DG, BPP, Dr. Adebowale A. Adedokun, FCIPS, CMILT, ACFE," the presidency stated in the official announcement.

This development comes after President Tinubu's May 3rd, 2025 directive ordering a ban on the importation of foreign goods, especially those that can be produced locally in Nigeria. The policy is expected to significantly impact Nigeria's manufacturing sector and potentially create more job opportunities for Nigerians.

The Nigeria First Policy represents a major shift in the country's economic strategy, emphasizing self-sufficiency and the promotion of locally manufactured products. Economic analysts suggest that the successful implementation of this policy could strengthen Nigeria's industrial base and reduce the nation's foreign exchange expenditure on imports.

As the implementation begins, businesses and consumers across Nigeria are expected to adjust to the new economic reality that prioritizes made-in-Nigeria goods and services.