The Nigerian government has issued a stern warning to companies exporting the country’s mineral resources without processing them, emphasizing that the practice must stop.

According to officials, sending unprocessed raw materials abroad primarily benefits foreign markets and exporters, leaving Nigeria at an economic disadvantage.

Minister of Innovation, Science and Technology, Dr. Kingsley Udeh, made the announcement at a national advocacy and sensitization conference organized by the Raw Materials Research and Development Council (RMRDC) in Abuja. He also highlighted a new bill awaiting presidential assent that will legally enforce the policy.

Under the proposed law, investors must process at least 30% of Nigeria’s minerals domestically before export. Failure to comply would result in penalties outlined in the bill, which has already been passed by the National Assembly.

Dr. Udeh explained that the initiative aims to boost the value of Nigerian exports, reduce import dependence, strengthen the economy, increase foreign earnings, and create jobs for citizens. Investors will be required to establish local production facilities to meet the new processing requirements.

The minister, recently appointed by President Bola Ahmed Tinubu, reaffirmed his commitment to providing strong leadership, ensuring that research and innovation are translated into tangible products and services that drive economic growth.

“My priority as minister is to lead the ecosystem, energize stakeholders, and instill confidence in our innovators and scientists,” Dr. Udeh said. “Nigerians have the potential to be global leaders if we build the right systems to advance and sustain our technological and industrial capabilities.”

Prof. Nnanyelugo Ike-Muonso, Director-General of RMRDC, explained that the 30% Value-Addition Bill is intended to reverse the trend of exporting raw materials and encourage investment in local processing. The policy aims to create sustainable, high-value employment and compel both local and international investors to establish manufacturing and processing facilities in Nigeria, boosting productivity and economic growth.