The Raw Materials Research and Development Council (RMRDC) has called for a 60% reduction in Nigeria’s raw material imports to boost local production and strengthen the country’s economy.
Speaking at a stakeholders’ forum in Abuja, the Director-General of RMRDC, Prof. Hussaini Ibrahim, stressed that overreliance on imported raw materials continues to drain foreign exchange and hinder industrial growth.
He explained that cutting imports and promoting local sourcing would not only save costs but also create jobs, encourage innovation, and enhance self-reliance in critical industries.
“Our goal is to see Nigeria produce the bulk of the raw materials required for its industries locally. This will reduce pressure on our currency, improve the balance of trade, and drive sustainable development,” Prof. Ibrahim said.
The council also urged private sector players to invest in local raw material production, assuring them of government support through research, innovation, and policy backing.
Industry analysts say the proposed reduction could reshape Nigeria’s manufacturing landscape if matched with adequate infrastructure, policy consistency, and stakeholder collaboration.
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