‘Nigeria Spends $1.4bn To Import Chemicals In 2022’ Business
He lamented that most of the industries that are called chemical industries in Nigeria are merely serving as packaging industries for other nations. He added that despite Nigeria’s enormous human capital and resources in the chemical sector, the country is lagging far behind in the industry because it has not taken the chemical Industry as the bedrock of its development and has not made the needed investment in the sector.
He stressed the centrality of the chemical industry to other allied universal, adding that NARICT has been able to produce different fertilizers and agro-chemical products that are very useful to farmers.He noted that the textile and garment industry including the leather industry depend on the chemical industry and called for effective collaboration between allied industries.
He noted that the NARICT bill when passed into law will give the agency the full mandate to fulfill its responsibilities without any hitches even he called for more finding. The Permanent Secretary of the Federal Ministry of science, technology and Innovation Mrs. Monilola Udoh also stressed that the Chemical technology Industry in Nigeria needs to be strengthened to reduce the level of its importation into the country.
She stated that Nigeria tops the list of countries with the best combination of resources globally but called for more collaboration between the agencies to harness the resources.
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