The Minister of State for Industry, Trade and Investment, John Enoh, has projected that the implementation of the “Nigeria First” policy could add approximately ₦3 trillion to the Nigerian economy annually.

He made this known while addressing State House Correspondents on Monday after the Federal Executive Council (FEC) meeting held at the Presidential Villa, Abuja.

President Bola Tinubu had on 5 May 2025 announced plans to issue an Executive Order mandating the patronage of locally produced goods and services to boost the domestic economy.

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According to Enoh, the policy is expected to contribute about 20 per cent growth to Nigeria’s manufacturing sector over the next three years. He added that the initiative could create over 500,000 jobs in the short term and reduce imports by up to 30 per cent.

Also speaking, the Minister of Information and National Orientation, Mohammed Idris, said President Tinubu and the FEC had directed the Bureau of Public Procurement to announce a revised threshold for the procurement of goods and services.

He added that the FEC recognised the critical role of the private sector in national development and directed Ministries, Departments and Agencies (MDAs) to enhance collaboration with private investors, particularly in infrastructure development.