The Federal Government has charged the National Strategy for Competitiveness in Raw Material and Product Development in Nigeria to help reduce importation by N3 trillion and create 4.4 million jobs in its first five years.
- The importation of nuclear equipment led with N9 trillion Vehicle and transport equipment at N8.2 trillion
- Electrical equipment at N7.3 trillion.
- Petroleum products at N3.4 trillion.
About the RMRDC
The Raw Materials Research and Development Council (RMRDC) is an agency of the Federal Government of Nigeria (under the supervision of Federal Ministry of Science and Technology) vested with the mandate to promote the development and utilization of Nigeria’s industrial raw materials. RMRDC was established by the RMRDC Act, originally promugated into law by Decree 39 of 1987 and presently cited as RMRDC Act, CAP R.3 Laws of the Federation of Nigeria, 2004.