• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Sunday, July 6, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

FG to implement national strategy for raw materials devt – MInister

Nathaniel Irobi by Nathaniel Irobi
July 23, 2024
in News
0
FG to implement national strategy for raw materials devt – MInister

Uche Nnaji

0
SHARES
2
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Six killed, 13 Injured after Commercial Bus Collides with Truck in Lagos

Ministers Under Tinubu Are Not Doing Anything—NNPP Chieftain’s Daughter Says

NDLEA Arrests Drug Kingpin ‘Warri kinsman’ Over Drug Shipment

The Federal Government has restated its commitment to implement the national strategy for competitiveness in raw materials and products development to boost the competitiveness in raw materials and products development in Nigeria.

Chief Uche Nnaji, the Minister of Innovation, Science and Technology, said this on Tuesday in Abuja at the Technical Conference for the Implementation of the National Strategy for Competitiveness in Raw Materials and Products Development in Nigeria.

The News Agency of Nigeria (NAN)  reports that National Strategy for Competitiveness in Raw Materials and Products Development in Nigeria was developed by the Raw Materials Research and Development Council (RMRDC).

The Federal Executive Council (FEC) approved the National Strategy for implementation on May 17, 2017.

It is a strategy document to boost the competitiveness in raw materials and products development in Nigeria and address over dependence on imported innovations, technologies, products and services.

The minister said the strategy was to facilitate significant reductions in the importation of raw materials and products that are readily available in Nigeria but massively still imported.

He said when implemented, the strategy would create 4.4 million jobs which would also boost local content in manufacturing to 50 per cent and 80 per cent in the short and long terms respectively.

According to him, this will lead to increased global acceptance of made-in-Nigeria raw materials, products, and services, thereby boosting foreign exchange earnings and reserve.

ALSO READ:  Senator Katung, Israeli Ambassador Discuss IT, Other For Southern Kaduna

“ The target of the strategy is to facilitate significant reductions in the imports of raw materials and products short, medium and long terms respectively.

“ Reductions by at least 11per cent in the (0 to five years), 31per cent in the (five to 10 years) and 49 per cent in the (10 years & above), respectively.

“ In addition to steady development of demand-driven scientific industrial culture, increased industry-research strategic alliances with the resultant production of high-quality and competitive raw materials and products.’’

Nnaji noted that in an increasingly interconnected human society, competitiveness on the global stage was no longer optional but indeed imperative.

“Global competitiveness is the lifeblood of any thriving economy as it underscores the ability to produce goods and services that meet the standards of the international markets while simultaneously strengthening the citizen’s long-term real income.”

In his remarks, the Director-General, RMRDC, Prof. Nnanyelugo Ike-Muonso, said the workshop was necessary to ensure deliberations on critical issues ranging from competitiveness, advocacy and commercialization of Research and Development (R&D) breakthroughs.

He noted that the strategy was a unique change agent towards national development initiatives, adding that its successful implementation would reduce the level of raw materials and products importation.

“Other benefits of implementing the strategy include facilitating strategic alliances between research-focused organisations and industry, enhancing the intensity of industry-demand-driven research and development activities.

“ This conference responds to the patriotic zeal from His Excellency Chief Uche Geofrey Nnaji, charging us to immediately initiate and commence the implementation of the National Strategy following its inauguration in 2017.

ALSO READ:  Ministry Of Environment Holds Workshop On Disaster Risk Management For South-West Communities

“The post-approval step by the government was also the constitution of the National Consultative Committee on Competitiveness (NCCC) by the then Hon. Minister of Science, Technology, and Innovation to ensure the successful implementation of the strategy.

“ This home-grown strategy anchored on applying innovation, science, and technology to raw materials and product development is its imports into the country.’’

Mrs Esuabana Asanye, Permanent Secretary, Federal Ministry of Innovation, Science and Technology, said the technical workshop would create platforms for stakeholders to deliberate on the 11 thematic areas of interest.

“These areas include competitiveness advocacy, institutional and organisational arrangements, policy and legal framework, human resource development and infrastructure development.

“Others are research and development, industry and business development, monitoring and evaluation, data development, she said.

According to her, Nigeria has abundant raw materials, from solids, metals and energy minerals to agro-raw materials and developing them into high-quality products is imperative for national growth and global competitiveness.

“This conference is timely and critical as it creates a platform for continuously deliberating and recommending feasible initiatives for strengthening Nigeria’s economic growth prospects and global competitiveness in raw materials and product development,’’ he said.

NAN reports that participants comprised of representatives from Ministries, Departments and Agencies, the Organised Private Sector, academia, development partners, civil society organisations, and the media. (NAN)

Tags: StrategyUche Nnaji
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Six killed, 13 Injured after Commercial Bus Collides with Truck in Lagos

Six killed, 13 Injured after Commercial Bus Collides with Truck in Lagos

by Nathaniel Irobi
July 6, 2025
0

ABUJA. A Mazda commercial bus with 18 passengers from Mile 2, Lagos, has collided with a stationary truck, killing six...

Ministers Under Tinubu Are Not Doing Anything—NNPP Chieftain’s Daughter Says

Ministers Under Tinubu Are Not Doing Anything—NNPP Chieftain’s Daughter Says

by Ojimaojo Abubakar
July 6, 2025
0

By Abubakar Yunusa Ojima-Ojo Zainab Galadima, daughter of New Nigeria Peoples Party (NNPP) chieftain Buba Galadima, has accused ministers in...

NDLEA Arrests Drug Kingpin ‘Warri kinsman’ Over Drug Shipment

NDLEA Arrests Drug Kingpin ‘Warri kinsman’ Over Drug Shipment

by Nathaniel Irobi
July 6, 2025
0

Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a notorious drug kingpin, Ajetsibo Emami, popularly known as...

Recommended

Hamas Considers Trump’s ‘Final’ Ceasefire Proposal, Insists on Full Israeli Withdrawal from Gaza

Hamas Considers Trump’s ‘Final’ Ceasefire Proposal, Insists on Full Israeli Withdrawal from Gaza

3 days ago
David Mark Leaves PDP, Aligns with Opposition Coalition

David Mark Leaves PDP, Aligns with Opposition Coalition

4 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Govt Unveils 345 Supervisory Councillors, Special Advisers Across 23 LGAs

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (734)
  • Education (215)
  • Entertainment (310)
  • Health (193)
  • National (2,160)
  • News (8,102)
  • Opinion (295)
  • Politics (1,615)
  • Science (15)
  • Security (405)
  • Sports (435)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform