The “Nigeria First” Policy in Nigeria: Echoes of “America First,” Projections, and Implications

This paper analyses Nigeria's newly implemented "Nigeria First" policy, examining its underlying rationale and drawing comparisons with the "America First" policy. Driven by the ambition for greater economic self-reliance, "Nigeria First" mandates the prioritisation of local content in government procurement; aiming to invigorate domestic industries, generate employment, and decrease reliance on imports. Although sharing a nationalist ethos with "America First," the unique socio-economic context of Nigeria necessitates a distinct analysis of its potential outcomes. Projections surrounding "Nigeria First" suggest considerable economic advantages, including potential GDP growth and a reduction in unemployment rates. Conversely, apprehensions exist concerning possible escalations in costs, a decline in quality, inadequacy of local alternatives, and the risk of adverse reactions from international trade partners. The successful realisation of the policy's objectives hinges on effective execution, demanding rigorous enforcement mechanisms and the overcoming of bureaucratic obstacles. Drawing upon contemporary news sources, official pronouncements, and expert viewpoints, this paper offers an initial evaluation of the "Nigeria First" policy. It concludes with recommendations aimed at amplifying its potential benefits, while mitigating its inherent risks. Key suggestions include a phased approach to implementation, investments in enhancing the quality of local products, and adherence to international trade agreements. The "Nigeria First" policy marks a critical juncture for Nigeria's economic future, the enduring ramifications of which merit ongoing academic scrutiny.