RMRDC Woos Investors to Patronise Research Outputs, Embrace Domestic Resource Based Manufacturing

The Raw Material Research and Development Council (RMRDC) is urging Nigerian investors to support research outputs and embrace domestic resource-based manufacturing to reduce the country's industrial dependency. At the Nigeria Manufacturing Raw Materials Expo 2025, RMRDC emphasized the need for local raw material transformation and innovation to sustainably industrialize.

Despite Nigeria's abundant natural resources, the manufacturing sector heavily relies on imports for industrial inputs, with 80% of manufacturing firms owned by foreigners. The council highlighted that only 35% of local manufacturers have access to local raw materials, emphasizing the gap between research outcomes and practical applications.

RMRDC stressed the importance of beneficiation and industrialization of raw materials to diversify the economy, create jobs, and enhance export competitiveness. Industry experts, including Moses Omojola and Jola Global Industries Limited's Sab Ebiriekwe, emphasized the potential for local manufacturing and the need for government policies to protect SMEs and encourage wealthy Nigerians to invest in manufacturing.

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