RMRDC AND NIGERIA’S INDUSTRIAL FUTURE
William Johnson argues why policy continuity, raw material development and institutional reforms matter Nigeria’s quest for industrial transformation requires deliberate policies, institutional stability and sustained investment in research and development.
Nigeria's quest for industrial transformation hinges on deliberate policies, institutional stability, and sustained investment in research and development, with the Raw Materials Research and Development Council (RMRDC) playing a crucial role. The federal government should prioritize the effective implementation and strengthening of the RMRDC Act, 2022, rather than frequently altering policies, which create uncertainty, weaken institutional stability, and discourage long-term investment.
Additionally, Nigeria must focus on increasing its capacity to produce quality raw materials before mandating value addition, as imposing a compulsory 30% requirement without establishing sufficient production capacity, processing facilities, reliable electricity, transportation networks, and supporting infrastructure could undermine industrial objectives.
Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
