Connect with us

News

FG Told To Ban Import Of Locally Sourceable Raw Materials To Boost Economy

Published

on

Election Of ECOWAS Parliament

EKO HOT BLOG reports that Dr. Abdullahi Aliyu, former Director General/CEO of the Raw Materials Research and Development Council (RMRDC), has urged the government to enforce a ban on the importation of raw materials that are readily available locally.

This call comes as the Kaduna Chamber of Commerce, Industry, Mines, and Agriculture (KADCIMMA) and the RMRDC emphasize the crucial importance of maximizing local content in the raw material value chain across all 36 states and the FCT.

EDITOR’S PICKS

This proactive measure is essential for fostering sustainable economic growth by ensuring optimal utilization of raw material resources at the state level. It underscores the imperative to address the availability of industrial raw materials within Nigeria’s manufacturing sector, thereby strengthening the local content drive and enhancing the overall economy.

This is as the sectoral group produced a document to know the availability of industrial raw material resources across the 36 states in the country and the FCT with the view of strengthening local content drive to leverage the aspirations and growth of the industrial sector.

The RMRDC produced a document titled, Raw Material Resources in Nigeria on Local Government Basis. The document is attached as an annexure which summarised the two categories of raw material resources in various establishments in the manufacturing sector namely the agro-based raw materials and the mineral based raw materials.
The sector, however, looked at the performances of the manufacturing sector from the 1980s to Date and then concluded with suggestions on the way forward for Nigeria to attain sustainability and economic recovery.

 Ban Import

Ban Import

Speaking at the 45th Kaduna International Trade Fair Seminar with the theme, ‘’Sustainable Economic Recovery through Deepening of Local Content Value Chain, Aliyu said that Nigeria is a country blessed with abundant human and material resources, but most of them are not yet being effectively and economically harnessed for the development of this country and hence the relevance of today’s seminar theme.

He noted that the Manufacturing Sector in Nigeria is in a very serious crisis, with industries closing down at alarming rates, resulting in the loss of jobs and employment opportunities.

According to the RMRDC Techno-Economic Survey reports, between 1980s and 2020, more than 2,000 major industries and over 10,000 small-scale industries have closed down in Nigeria due to the poor or harsh economic conditions in the country.

For those industries that managed to survive, the current average capacity utilisation of these industries ranged between 10 per cent and 20 per cent only.

“Industrially, the Manufacturing Sector in Nigeria is decaying and the situation is getting more critical and uglier. The government needs to move urgently to address the situation through a number of strategies.”
Aliyu explained that raw materials that include: gypsum, limestone, marble, silica sand, kaolin, ball clay, bentonite, crushed rocks and barite should be stopped from importing into the country, saying that the federal government should support and encourage the private sector to invest in and develop these resources.

He recommended that “for those raw materials that can be partially sourced locally, efforts should be made by the federal government and the private sector to step up the level of development and production. Such raw materials include: diatomite, zircon sand, sulphur, phosphate, potash salt, fluorite, bauxite and sillimanite.”

FURTHER READING 

On the rising price of cement in the country, he stated that “in 1995, RMRDC made a presentation to the federal government on cement production in Nigeria. The major raw materials required in cement production are limestone and gypsum.
Click to watch our video of the week




Advertise or Publish a Story on EkoHot Blog:

Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.

Citizen journalists will receive a token as data incentive.

Call or Whatsapp: 0803 561 7233, 0703 414 5611




 

 


DISCLAIMER: Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers Of  EKO HOT BLOG

For publication of your News Contents, articles, Videos or any other News Worthy Materials, please send to [email protected]

For Advert and other info, you can call 08035617233 or send a WhatsApp Message to 08035617233.

Please drop your comments

Copyright © Ekohotblog

MGID