The non-metallic and mineral products sector has called on the federal government to provide support, citing the sector’s potential value as exceeding that of hydrocarbon combined.
This appeal was made during the 2024 Annual General Meeting of the Non-Metallic and Mineral Products Sectoral group of Manufacturers Association of Nigeria (MAN) in Lagos.
Dr. Biodun Adedipe, CEO of BAA Consult, emphasized that investing in the sector requires less capital compared to exploring and producing non-metallic minerals.
He added that tapping into this opportunity could lead to sustainable diversification of Nigeria’s economy within five years.
Afam Mallinson Ukatu, chairman of the Non-Metallic and Mineral Products Sectoral group, highlighted the industry’s resilience and ability to compete locally and continentally.
He praised the leadership of MAN’s President, Otunba Francis Meshioye, and Director-General, Segun Ajayi-Kadir, for their advocacy efforts.
Ukatu noted that the sector contributes significantly to national development, particularly in addressing Nigeria’s housing deficit of 28 million.
He encouraged members to produce essential materials to bridge this gap and align their efforts with national strategies.
Segun Ajayi-Kadir commended Ukatu’s leadership and dedication to the sector’s growth.
He expressed confidence in the newly elected chairman, Javed Ahmed, and his team to drive advocacy and promote innovative manufactured products.
The Annual General Meeting served as a platform to review achievements, address challenges, and reaffirm commitment to fostering a conducive environment for member-companies.
MAN reiterated its commitment to advocating for policies that enable growth and sustainability in the sector.
Experts emphasize the importance of government support in creating an enabling environment for investors and promoting the non-metallic mineral sector’s potential.This support is crucial for Nigeria’s economic diversification and development.
The non-metallic mineral sector’s growth is critical to Nigeria’s future, and stakeholders are eager to explore new frontiers and maximize the industry’s potential.
With government backing and private sector collaboration, the sector can drive transformation and contribute significantly to Nigeria’s economy.
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