President Bola Ahmed Tinubu’s administration has indeed emphasized the importance of buying Nigerian-made products to boost the economy. By supporting local industries, Nigerians can contribute to the country’s economic growth and stability.
Economic Benefits of Buying Nigerian-Made Products:
- Strengthening the Naira: President Tinubu believes that patronizing made-in-Nigeria goods can help strengthen the naira against other currencies.
- Job Creation: Increased demand for local products can lead to job creation, both directly and indirectly, which is a key focus of the administration’s Renewed Hope Labour Employment and Empowerment Programme (LEEP).
- Economic Diversification: Supporting local industries can contribute to economic diversification, reducing dependence on imports and promoting economic resilience ¹ ².
Initiatives to Boost Local Production:
- Agricultural Production Programme: The administration has launched initiatives to boost agricultural production, including supplying fertilizers and making tractors and other farm equipment available.
- Local Assembly Plant for Tractors: The Federal Executive Council has approved establishing a local assembly plant for 2000 John Deere tractors, combine harvesters, and other farm equipment.
- Compressed Natural Gas (CNG) Initiative: The administration is expanding the adoption of CNG for mass transit, which can help reduce transportation costs and promote economic activity.
Call to Action:
President Tinubu urges Nigerians to support local industries by purchasing made-in-Nigeria products. By doing so, citizens can contribute to the country’s economic growth, job creation, and stability. This initiative aligns with the administration’s goals outlined in the 2025 Budget of Restoration, which focuses on economic recovery, stability, and growth.
– Benjamin Ibrahim, a retired Permanent Secretary, writes from Lokoja.
