Nigeria First Policy to Fetch Nigeria N3 Trillion to Economy
The Minister of State for Industry, Trade and Investment, John Enoh, has revealed that the “Nigeria First” policy is expected to contribute a whopping ₦3 trillion to the country’s economy annually.
The minister made this disclosure on Monday while addressing State House Correspondents after the Federal Executive Council meeting at the State House in Abuja.
The “Nigeria First” policy, which was announced by President Bola Tinubu on May 5, 2025, aims to promote the patronage of Nigerian-made goods and services.
The policy is designed to stimulate economic growth, create jobs, and increase the country’s competitiveness in the global market.
According to Minister Enoh, the implementation of the policy will have a significant impact on the economy, with an estimated annual value of ₦3 trillion.
This is a welcome development for Nigeria, which has been seeking to diversify its economy and reduce its dependence on foreign goods and services.
The “Nigeria First” policy is expected to benefit various sectors of the economy, including manufacturing, agriculture, and services.
By promoting the use of locally produced goods and services, the policy aims to create a vibrant and self-sustaining economy that is driven by Nigerian ingenuity and innovation.
President Tinubu’s administration has been keen on promoting economic development and growth, and the “Nigeria First” policy is a key component of this strategy.
The policy is also expected to reduce the country’s reliance on imported goods, conserve foreign exchange, and create new opportunities for Nigerian businesses and entrepreneurs.
The implementation of the “Nigeria First” policy is a significant step towards achieving the country’s economic development goals, and the projected ₦3 trillion annual contribution to the economy is a testament to the potential of this initiative.
As the policy takes shape, Nigerians can expect to see a significant boost in economic activity, job creation, and overall growth and development.
