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Home and abroad, Tinubu’s Nigeria is taking its rightful place

Published

3 years ago

September 25, 2023

By Mohammed Idris, Honorable Minister of Information and National Orientation

Having hit the ground running at home, with a series of very bold and unprecedented reform decisions, President Bola Ahmed Tinubu has gone ahead to seize the opportunity offered by the month of September 2023, to make a grand entry onto the global stage.

In what has been his busiest month on the global stage since he assumed office, President Tinubu traveled to India for the G20 Summit on the special invitation of Prime Minister Modi, made a stopover on his way back home for a crucial meeting with the leadership of the United Arab Emirates (UAE), on lingering issues of concern between UAE and Nigeria, and then traveled to New York to make his debut at the most important annual gathering of Heads of State, the United Nations General Assembly (UNGA).

At the UN—in a delivery reminiscent of the powerful and iconic ‘Africa Has Come Of Age’ speech by the late Head of State, General Murtala Muhammed, almost five decades ago—President Tinubu caught the attention of a listening world with his emphasis on an equal and mutually beneficial relationship between Africa and the world, instead of one defined by condescension, pity, and greed.

The President spoke boldly for the entire African continent, tracing the history of the post-World War 2 global system, starting with a Marshall Plan that helped redeem Europe. Asking for a 21st-century equivalent for that Plan, President Tinubu added, “We realize that underlying conditions and causes of the economic challenges facing today’s Africa are significantly different from those of post-war Europe. We are not asking for identical programs and actions. What we seek is an equally firm commitment to partnership. We seek enhanced international cooperation with African nations to achieve the 2030 agenda and Sustainable Development Goals.”

At every engagement, he has taken the time to remind the world of just how significant his first four months in office have been, in terms of laying the foundation for unlocking levels of economic growth and prosperity that we have always been capable of, but have sadly remained a pipe dream.

He ended a costly and wasteful fuel subsidy regime that has, over the decades, deprived the country of tens of billions of dollars in potential infrastructure and human capital investments. He also commenced an overhaul of the Central Bank of Nigeria, shaking up the leadership of the bank and supporting it to abolish an inefficient system of multiple exchange rates, which, like the petrol subsidy, has seen a lot of abuse, and stifled domestic and international confidence in the economy.

President Tinubu has also assembled a cabinet with an impressive representation of young people and women, while also creating new Ministries and ministerial portfolios to reflect the pressing realities of the 21^st century, as well as the priorities of our administration.

For example, we now have a Federal Ministry of Marine and Blue Economy, recognizing the unlimited potential of that sector to produce national prosperity. We also now have a dedicated Ministry for the Creative Economy. In addition, the Ministry of Agriculture has been expanded to include Food Security, underpinning the President’s declaration of a national emergency on Food Security early on in his administration.

On the regional level, President Tinubu has, in his role as recently-elected Chairman of ECOWAS, shown great commitment to stemming the condemnable wave of military takeovers that have rocked the sub-region, and I expect his diplomatic efforts to yield enduring fruit in the months ahead.

The President is being supported in his many onerous assignments by a very energetic and committed Cabinet. In the last few days, I joined some of my colleagues for events at the UN General Assembly and can testify to the remarkable levels of determination within the cabinet, to solve Nigeria’s problems with the support and cooperation of the global community.

I can boldly assert that we stand on the threshold of a Nigeria that is a true global giant, a country that is able to fully exploit its immense potential energy of demographics, culture, and entrepreneurial dynamism. I have no doubt that my colleagues and I, under the leadership of the President, will step boldly forward, not backward, from this historic threshold.

We have a very busy last quarter of the year ahead of us. The administration will finalize and unveil its inaugural budget, which will set the tone for investors and other potential partners, about our priorities. Nigeria will take part in the annual global gathering for Climate Change, COP28, in Dubai. We will push forward with work on the various reforms that the President has kickstarted, from tax policy reform to a Compressed Natural Gas (CNG) transition for petrol- and diesel-powered vehicles, to the full implementation of a comprehensive relief package to cushion the effects of the fuel subsidy.

As the President has repeatedly said, most recently last week in New York, “I am mindful of the transient hardship that reform can cause. However, it is necessary to go through this phase in order to establish a foundation for durable growth and investment to build the economy our people deserve.”

He understands how important it is to engage with the world to achieve this. During this month of diplomatic shuttling, he has met with Presidents and heads of State from the United States, India, Germany, South Korea, South Africa, Angola, and Jordan, among others.

From the global business executives he has held meetings with this month—Exxon Mobil, Bharti Enterprises, Oracle, Hinduja Group, Indorama, Skipper Seil, and others—he has received pledges amounting to several billions of dollars in new investments. This cannot be overemphasized: at the end of the day, one of our administration’s overriding goals is to attract new investment that will create jobs and wealth for the people of Nigeria.

We will continue to finetune and amplify our narrative in this regard—a message that the President reiterated at every opportunity in New Delhi and New York—that Nigeria is open and ready for business, with partners who are equally open and ready for business with us, and who are not looking to exploit us or treat us like junior partners. And we will follow up the talk with action.

My Ministry, the Federal Ministry of Information and National Orientation will be very critical to the success of our national messaging, and we will give it everything required for our narratives to succeed. We have a vision that includes redesigning how the Federal Government of Nigeria engages with the Nigerian people at home and abroad, and with the world.

As part of this, we will scale up our engagements with stakeholders, modernize our tools and platforms of information and communication, and work to craft credible and believable narratives that Nigerians will be proud of and delighted to share with the world.

In a few days, our dear country will celebrate its 63^rd Independence Anniversary. It will offer an opportunity to further reflect on our nationhood journey, and the expectations of our citizens, and for us as leaders to rededicate ourselves to delivering on the bold and dynamic leadership that will enable Nigeria to fully assume its rightful place on the global stage. I have absolute confidence that success in this regard will be a defining legacy of this momentous era of President Bola Ahmed Tinubu.

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Business

Turning Africa’s Raw Materials Into Wealth: The ARMS 2026 Industrial Agenda

Published

3 days ago

September 29, 2026

The Gleamer

By Joel Ajayi

For decades, Africa’s vast natural resources have powered industries and economies far beyond the continent, while many African countries have remained largely exporters of unprocessed commodities and importers of finished products.

That familiar pattern is now coming under renewed scrutiny as policymakers, researchers, investors and industrialists seek to change the direction of Africa’s resource economy.

At the centre of that conversation is the second edition of the Africa Raw Materials Summit (ARMS 2026), scheduled for October 19 and 20 at the Abuja Continental Hotel, Abuja, under the theme: “From African Feedstock to African Factories.”

Organised by the Raw Materials Research and Development Council (RMRDC), the summit is being positioned as more than another gathering of policymakers and industry stakeholders. It is intended to provide a platform for confronting the structural challenges that have kept African raw materials largely disconnected from local manufacturing.

Africa has for years operated largely within a “pit-to-port” economic model, exporting raw materials while importing expensive finished products.

Speaking at a press conference ahead of the summit on Tuesday in Abuja, the Director-General and Chief Executive Officer of RMRDC, Prof. Nnanyelugo Martin Ike-Muonso, said the event would bring together policymakers, investors, researchers, technology providers and industrialists to develop practical strategies for transforming Africa’s abundant natural resources into industrial wealth.

The challenge, therefore, is not simply the abundance of resources, but the continent’s ability to transform those resources into industrial value, employment, technology and wealth within Africa.

Nigeria alone, according to the RMRDC, has more than $582.4 billion in documented non-renewable natural resources, while the wider continent possesses substantial deposits of critical minerals, agricultural raw materials and industrial feedstock.

Yet, the benefits of this resource endowment have often been constrained by inadequate processing capacity, weak infrastructure, limited technology, financing gaps and fragmented regional value chains.

From Dialogue to Industrial Action

ARMS 2026 builds on the maiden edition held in May 2025, which attracted more than 1,000 delegates from across the world.

The inaugural summit also witnessed the unveiling of the Ten-Year Raw Materials Transformation Roadmap (2025–2034) by the Minister of State for Industry, Senator John Owen Enoh.

The roadmap was designed around areas including technological capability, climate-resilient processing and backward integration, establishing a policy framework for greater domestic utilisation of Africa’s raw materials.

The second edition is expected to move the conversation further by bringing policy, capital, technology and industrial stakeholders around practical mechanisms for turning raw materials into locally manufactured products.

One of the major proposals highlighted by the RMRDC is the 30 per cent Mandatory Value Addition Bill, which seeks to establish a statutory minimum level of value addition to Nigerian raw materials before export.

The Council says the proposed framework could support job creation, import substitution, foreign-exchange conservation and increased manufacturing contribution to the economy.

Building the Infrastructure for Value Addition

The industrial transformation envisaged by ARMS 2026 goes beyond legislation.

A major concern is the “missing middle” between where raw materials are produced and where factories are located.

Poor transportation networks, inadequate cold-chain facilities, weak rural roads, limited testing and certification infrastructure and border-related delays can make locally sourced materials more expensive and less competitive.

Consequently, logistics and infrastructure constitute one of the five principal pillars of the summit.

The objective is to develop more reliable corridors connecting farms and mines with processing centres and manufacturing facilities, thereby reducing losses and improving the movement of industrial inputs.

The Digital Dimension

Technology is also becoming an important part of the Council’s strategy.

The RMRDC says it has developed the Nigeria Integrated Information Statistical System for Raw Materials and Products (NISSRAMP), described as a digital repository containing information on feedstock deposits, specifications, production outputs and industrial absorption rates.

The Council has also highlighted its transition towards paperless operations and its certification as a Data Controller/Processor of Major Importance by the Nigeria Data Protection Commission.

Such digital infrastructure could provide investors and manufacturers with better information about the availability and characteristics of raw materials while supporting more informed industrial planning.

Turning Waste Into Industrial Inputs

Another major component of ARMS 2026 is the proposed expansion of the circular economy.

The summit will examine how agricultural by-products, mine tailings, scrap metals and biomass can be recovered and reused as inputs for new production processes rather than being treated simply as waste.

The RMRDC argues that such an approach could lower raw-material costs while supporting more sustainable and climate-resilient manufacturing systems.

For Africa, where industrial expansion must increasingly balance economic development with environmental considerations, waste industrialisation could become an important part of the continent’s manufacturing conversation.

From National Production to African Value Chains

The African Continental Free Trade Area is another important element of the summit’s agenda.

The RMRDC sees AfCFTA as an opportunity to create regional value chains in which raw materials sourced in one African country can be processed and supplied to manufacturers in another.

Under such a model, Africa would move beyond simply exporting commodities to external markets and develop stronger internal networks for supplying chemicals, refined minerals, agricultural inputs and other industrial materials across national borders.

This approach places regional integration at the heart of Africa’s industrialisation strategy.

Bridging Research and Capital

A recurring weakness in many developing economies is the gap between research and commercialisation.

Innovations may emerge from universities, research institutions and laboratories without receiving the financing, equipment or market connections required to become commercially viable.

ARMS 2026 intends to address that gap through technology commercialisation and capital linkages, connecting research outputs with investors, development finance institutions and industrial off-takers.

The RMRDC has also cited partnerships with the Bank of Industry for commercial-scale post-harvest processing and a South-South technology-transfer partnership with the National Innovation Centre par Excellence in Shanghai, China.

A Larger Industrial Conversation

The scale of ARMS 2026 is expected to be significantly larger than the maiden edition.

The organisers project more than 1,800 delegates from all 54 African countries and global industrial partners.

The programme will feature high-level policy dialogues, technical panels, an advanced raw materials and technology exhibition, industrial site visits and the African Raw Materials Industry Awards.

The exhibition, in particular, is expected to showcase locally fabricated processing machinery, advanced domestic materials, green chemicals and engineered commercial inputs.

Beyond the speeches and exhibitions, however, the real significance of ARMS 2026 will ultimately depend on what happens after the summit.

Africa’s challenge has never been a shortage of raw materials. The more difficult question has been how to transform those resources into factories, products, skilled employment, technology and sustainable economic opportunities.

For Nigeria and the rest of the continent, the proposed shift from “pit-to-port” to “feedstock-to-factory” therefore represents a broader debate about the future structure of African economies.

ARMS 2026 seeks to place that debate firmly on the industrial agenda — with value addition, technology, finance, infrastructure, circular production and regional trade at the centre.

If the commitments and partnerships generated by the summit translate into measurable industrial activity, the event could provide another platform for Africa to examine how its enormous resource base can support stronger domestic manufacturing.

The message from the organisers is clear: the continent’s raw materials should not only leave African soil as commodities; they should increasingly become the foundation for African industrial production

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