Ndume hails Tinubu’s ban on foreign goods

MaTaZ ArIsInG
Dallas, Texas

The lawmaker representing Borno South, Ali Ndume, has commended President Bola Tinubu over the recent embargo on the importation of foreign goods.

The former Chief Whip of the Senate gave the tribute in a statement issued in Abuja on Tuesday.

The PUNCH reported that the presidential directive mandates all federal ministries, departments and agencies to give absolute priority to Nigerian goods, services and know‑how when spending public funds.

The Minister of Information and National Orientation, Mohammed Idris, revealed this to State House correspondents after Monday’s Federal Executive Council meeting at the Villa in Abuja.

Idris noted that the directive will put Nigeria at the ‘centre of every kobo’ the government spends.

Reacting, Ndume described the move as a bold initiative that would go a long way in promoting indigenous entrepreneurs, boost the local economy and generate employment for Nigerians.

He said: “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.

“With protection of local industries, there will be employment for our employable youths, the measure will also boost our Gross Domestic Product and the value of Naira will appreciate as there will be less strain on our foreign reserves, since the demand for foreign exchange by importers of such foreign goods would drastically reduce.”

The senator also urged the Federal Government to seek to impose heavy taxes on some of the foreign goods to discourage Nigerians from ‘buying them instead of picking locally produced items.

Your Boy’s Latest

SUBSCRIBE TO OUR NEWSLETTER NOW

Support MATAZ ARISING’ journalism of integrity and credibility.

Good journalism ensure the possibility of a good society, an accountable democracy, and a transparent government.

We ask you to consider making a modest support to this noble endeavour.

0.00USD

Amount
0.00

TEXT AD: To advertise here – Email ad@matazarising.com

LATEST POSTS