HomeNewsNigerian Manufacturers Target Local Raw Materials for Industrial Growth

Nigerian Manufacturers Target Local Raw Materials for Industrial Growth

Published on

The Manufacturers Association of Nigeria (MAN) and the Raw Materials Research and Development Council (RMRDC) recently hosted a significant exposition in Lagos, focusing on enhancing local raw material sourcing for the manufacturing industry. This initiative marks a pivotal step towards achieving Nigeria’s goal of becoming the top industrialized economy in Africa.

The event, combining the seventh Nigerian Manufacturing Equipment Expo (NME) and the ninth Nigerian Raw Materials Expo (NIRAM), brought together key stakeholders from the manufacturing sector. They convened to strategize on leveraging local resources for industrial production, a move critical for the nation’s economic development.

MAN’s president, Otunba Francis Meshioye, emphasized the urgency for the manufacturing sector to actively contribute to Nigeria’s industrial vision. The expo’s theme, ‘Future Manufacturing: Building a Sustainable Roadmap to the Industrialization of Nigeria,’ reflects the dynamic changes in technology and customer expectations impacting the industry’s future.

According to a report by The Guardian, Meshioye highlighted the importance of balancing efficient production economies, robust supply chains, a strong product reputation, customer loyalty, established logistics, and reliable online business elements. Achieving this equilibrium is crucial for Nigerian manufacturers to competitively position themselves in the global industrial market.

“Industry 4.0 offers a significant opportunity for African manufacturers to gain an advantage in the global economy,” Meshioye stated. He also underscored the challenges of energy inadequacy and inefficiency affecting not only manufacturing but all industrial and commercial sectors in Nigeria. He urged continuous efforts to enhance the quality and reliability of the electricity supply, crucial for realizing the vision of an industrialized Nigeria.

Uche Nnaji, Minister of Innovation, Science, and Technology, stressed deploying demand-driven research and development solutions for economic growth and industrialization. He pointed out that the availability of raw materials is vital for the survival of manufacturing industries and called for measures to prevent the dumping of substandard materials and products in Nigeria.

Dr. Doris Uzoka-Anite, Minister of Industry, Trade, and Development, highlighted the non-oil sector’s development through robust manufacturing processes as key to the future of manufacturing. She emphasized manufacturing as a critical driver of economic development, capable of diversifying revenue sources and reducing dependence on oil.

The minister encouraged manufacturers to embrace emerging trends, adopt advanced technologies, and utilize clean, sustainable energy to enhance efficiency and productivity. This approach can elevate Nigeria as a global manufacturing hub and accelerate the development of the raw materials sector, which is essential for supporting the manufacturing industry.

Latest articles

The Shocking Cost of Being a Socialite in Nigeria

The Nigerian socialite lifestyle is glamorous but financially demanding, with hidden costs beyond just attending events and parties.

7 Nigerian Political Scandals That Shook the Nation’s Foundation

Nigeria’s political history is filled with scandals—from corruption to electoral fraud. Explore seven major controversies that shaped the nation’s governance

Ribadu,Condemn Canada’s Visa Denial to Military Officials

Through their statement Ribadu and Musa argue that Nigeria must strengthen its international position after Canada denied military officers entry.

Shettima Reaffirms Tinubu’s Commitment to Workers’ Welfare

Nigerian workers receive renewed assurance of support from Shettima who emphasizes wage reforms in addition to economic policies throughout his commitment to Tinubu’s administration.

More like this

The Shocking Cost of Being a Socialite in Nigeria

The Nigerian socialite lifestyle is glamorous but financially demanding, with hidden costs beyond just attending events and parties.

7 Nigerian Political Scandals That Shook the Nation’s Foundation

Nigeria’s political history is filled with scandals—from corruption to electoral fraud. Explore seven major controversies that shaped the nation’s governance

Ribadu,Condemn Canada’s Visa Denial to Military Officials

Through their statement Ribadu and Musa argue that Nigeria must strengthen its international position after Canada denied military officers entry.