The Federal Government of Nigeria has announced a plan to create 4.4 million jobs through the implementation of the National Strategy for Competitiveness in Raw Material and Product Development. This initiative aims to enhance local content in manufacturing and improve the global acceptance of Nigerian raw materials, products, and services.
The announcement was made by the Minister of Innovation, Science, and Technology, Chief Uche Geoffrey Nnaji, during the National Consultative Committee on Global Competitiveness in Raw Materials and Product Development conference in Abuja. According to a statement on the official X (formerly Twitter) account of the Federal Ministry of Information and National Orientation, the strategy is expected to significantly boost Nigeria’s global competitiveness.
Chief Nnaji highlighted that the strategy will not only create jobs but also drive economic diversification. “The implementation of the National Strategy will enhance employment creation, boost local content in manufacturing to 50% and 80%, respectively, and ensure global competitiveness of made-in-Nigeria raw materials, products, and services,” he said.
Leveraging Innovation for Global Standards
Nnaji emphasized the importance of innovation, science, and technology in achieving global competitiveness. He stated that Nigeria must leverage these areas to produce goods and services that meet international standards.
Further Insights and Stakeholder Contributions
The Permanent Secretary, Mrs. Esuabana Nko Asanye, represented by Mrs. Salamatu Mohammed, underscored the conference’s importance for discussing the National Strategy. She noted the relevance of the strategy to national development priorities.
Prof. Nnanyelugo Martin Ike-Muonso, Director-General of the Raw Materials Research and Development Council (RMRDC), welcomed guests and stressed that the home-grown strategy, driven by innovation, science, and technology, would significantly reduce raw material imports. The technical workshop aimed to address issues like competitiveness, advocacy, and the commercialization of R&D breakthroughs.
Dr. Henry Emejo from the Organized Private Sector called on stakeholders and Nigerians to collaborate for the country’s socio-economic development. Similarly, Sir Henry Eteama, Project Manager of SITU, emphasized the importance of clearly defined stakeholder roles in policy, legal frameworks, and R&D outputs. He urged for collective efforts and commitment to ensure the project’s success and achieve the nation’s goals.
The new National Strategy for Competitiveness in Raw Material and Product Development represents a significant step towards economic growth and job creation in Nigeria, positioning the country for enhanced global competitiveness.
