The Federal Ministry of Innovation, Science, and Technology has launched a 10-year roadmap aimed at increasing Nigeria’s raw material value addition to 60% by 2034.
The announcement was made by Minister Chief Uche Geoffrey Nnaji during a Program Presentation and Dialogue Session with development partners, diplomats, and business councils in Abuja.
Nnaji highlighted the current 25% value addition as inadequate, emphasizing the need for transformation to boost job creation, domestic manufacturing, and strengthen the naira. “We must work together to unlock the immense potential of Nigeria’s raw material sector,” Nnaji stated.
The roadmap, developed in collaboration with the African Development Bank, focuses on key interventions such as building capacity for raw material circularity, developing real-time data systems for researchers and investors, and upgrading testing laboratories and technology workshops.
Nnaji called on international partners, business councils, and financial institutions to collaborate with the Raw Materials Research and Development Council (RMRDC) to achieve these goals.
