Nigeria Urges Local Processing of Raw Materials to Boost Economy

The Nigerian government is pushing for the local processing of raw materials to add value, create jobs, and stimulate economic growth. A new bill, awaiting President Bola Tinubu's assent, mandates that investors process at least 30% of Nigeria's minerals before export.

The Ministry of Innovation, Science and Technology, along with the Raw Materials Research and Development Council, is leading this initiative to shift towards a more export-oriented economy.