Abuja – The federal government has intensified its efforts to boost Nigeria’s global competitiveness in raw materials and product development, aiming to reduce dependency on imported goods.
Minister of Innovation, Science, and Technology Uche Nnaji announced this during the National Consultative Committee on Competitiveness (NCCC) conference in Abuja on Tuesday. The event, themed “Harnessing Local Resources for Diversifying Nigerian Economy and Enhancing Global Competitiveness Ranking,” brought together experts, professionals, policymakers, and investors.
Minister Nnaji emphasized the importance of developing Nigeria’s abundant raw materials into high-quality products. “Nigeria has abundant raw materials, from solids, metals, and energy minerals to agro-raw materials. However, the mere possession of these resources does not guarantee economic prosperity. Developing raw materials into high-quality products is essential for national growth and global competitiveness,” he said.
He also highlighted the government’s alignment of the National Strategy implementation with its priority areas through data mapping and other related projects.
Prof. Nnanyelugo M. Ike-Muonso, Director General of the Raw Materials Research and Development Council (RMRDC), noted that the National Strategy leverages innovation, science, and technology to enhance raw materials. “This home-grown strategy, anchored on applying innovation, science, and technology to raw materials and product development, is a unique change agent in our national development initiatives. Its successful implementation will unquestionably reduce the level of raw materials and products imports into the country,” he stated.
Permanent Secretary of the Federal Ministry of Innovation, Science, and Technology, Esuabana Nko Asanye, who chaired the opening ceremony, encouraged stakeholders to form strategic coalitions to produce high-quality and competitive raw materials and products. “The outcome of the conference is expected to contribute significantly to Nigeria’s economic growth and global competitiveness, aligning with the 8-Priority Areas of President Bola Ahmed Tinubu’s Administration,” she added.
