RMRDC Launches Platform to Enhance Raw Materials Investment

On Tuesday, the Raw Materials Research and Development Council (RMRDC), led by Director General Prof. Nnanyelugo Ik Mounso, launched a second-generation platform in Abuja to enhance transparency and attract local and foreign direct investments (FDI) in Nigeria's raw materials sector.

This initiative aims to address issues of illegal mining and illicit financial flows by providing a database that discloses the locations of licensed miners, allowing the public to verify mining operations. The platform is expected to improve investment conditions by providing essential data, thus reducing the risks associated with investing in the sector.

Prof. Mounso emphasized that the new platform supports the recent legislation mandating that raw materials must have at least 30 percent value addition before export, making it easier to trace and enforce compliance.

The RMRDC aims to optimize the utilization of local raw materials and enhance Nigeria's industrial development through this strategic initiative.