Tinubu to sign 30% raw materials value addition bill soon – Senate

The Senate of Nigeria has announced that President Bola Tinubu is expected to sign the 30% Value Addition Bill into law in November, which would require mandatory local processing of raw materials before export. The bill, which was passed by the 10th Assembly in July 2025, aims to reduce Nigeria's dependence on exporting unprocessed raw materials, promote local manufacturing, create jobs, and strengthen African economies.

The Senate Committee on Science and Technology Chairman, Senator Aminu Iya Abbas, revealed that efforts are ongoing to secure presidential assent to the proposed legislation.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.