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The Nigerian government will begin mandating its agencies to prioritize locally-made goods in a push to grow local enterprise.
Locally made goods will “henceforth receive deserved priority in federal government procurement,” the government’s information minister said on Monday. President Bola Tinubu’s cabinet approved the new policy that is geared at ushering in an era of “self-belief and national pride,” the minister said.
Nigeria’s import bill was $10 billion in the last quarter of 2024, an 83% increase from the previous year. China and India account for more than a third of imports into Nigeria, with solar panels topping the list of imported items. Nigeria placed a ban on solar panel imports in March, in a bid to domesticate manufacturing.
