With a proposed 30 percent value addition bill hailed as a turning point for the nation’s industrialization, the Federal Government has taken steps to remove Nigeria’s long-standing reliance on exporting raw materials at low cost and re-importing completed goods at high cost. The Director General of the Raw Materials Research and Development Council (RMRDC) and the Minister of Innovation, Science, and Technology stated at a national sensitization event in Abuja that the Bill would require exporters to process at least 30% of raw materials locally prior to shipment.
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