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Senate Set to Endorse 30% Value Addition Requirement for Raw Materials

Published

5 months ago

May 20, 2025

Joel Ajayi

The Nigerian Senate has assured Nigerians and Africans that the 30% raw materials bill would be passed this week and transmitted to the House of Representatives for concurrence.
Senate President, Sen. Godswill Akpabio gave the assurance on Tuesday at the opening ceremony of the inaugural Africa Raw Materials Summit 2025, held on Tuesday in Abuja, with the theme, “Shaping the Future of Africa’s Resource Landscape.”

Speaking through the Chairman, Senate Committee on Science and Technology, Sen. Aminu Abbas, Akpabio said, “I can assure you that the 30% value addition bill before the Senate will be passed this week and transmitted to the House Representatives for concurrence.”

Earlier in his speech, he said, “In the Nigerian Senate, we have resolved to be proactive in addressing this structural imbalance. It is in this spirit that I reaffirm our full legislative backing for the 30% Minimum Value-Addition Bill, currently under consideration. This groundbreaking bill mandates that no raw material of Nigerian origin shall be exported without undergoing a minimum of 30% local value addition—whether through processing, refining, packaging, or industrial transformation.

“This legislation is not intended to stifle trade; rather, it is designed to ignite domestic enterprise, create jobs, attract capital, and build resilient value chains that benefit our people.”

“We must reject the historic pattern in which Africa merely supplies inputs while others reap the benefits of innovation, branding, and global market control.” he added.

“It is my hope that this model will be replicated across African nations, with regional centres of excellence established to share data, technologies, and best practices in raw material development.”

He used the opportunity to call on African countries to replicate the legislation in their countries to boost their economies.

“Permit me, therefore, to echo the call for the adoption of an Abuja Declaration on Raw Materials and Industrial Transformation in Africa. Let this declaration not merely reside in summit communiqués but become a living charter—a reference for executive action, legislative alignment, and investment mobilisation.

“Let it guide our representations at the African Union, the G20, and global trade forums where Africa’s voice must no longer be that of a supplier, but that of a producer,” he said.

The Minister of Science Innovation and Technology, Chief Geoffrey Innaji, speaking through the Minister of Transport, said “We are deploying digital tools, traceability infrastructure, and research-to-industry pathways to strengthen intra-African trade under AfCFTA. This is how Africa moves from extraction to transformation—from potential to prosperity.

“Let this summit send a clear message: Africa will no longer export its future in raw form. Our minerals will power industries, our crops will feed global markets, and our youth will drive innovation,” he said.

On his part, the Minister of State for Industry, John Owen, in his speech noted that, “with African continental free trade area, I believe that a lot of opportunities are already being opened to see how we can do much more than we are currently doing, and the statistics in terms of export trade should be less in terms of exporting raw materials and more in terms of exporting finished goods.”

Commenting on the Summit, the Director General Raw Materials Research and Development Council (RMRDC), Prof. Nnanyelugo Ike-Mounso, in his speech said, “Today, in the heart of Africa, we gather not merely for a summit, but for a solemn declaration: Africa shall no longer be the warehouse of raw potential, but the workshop of refined prosperity.”

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RMAFC Reaffirms Commitment To Boost Revenue Generation From Mining Sector

Published

2 weeks ago

October 16, 2025

The Gleamer

Joel Ajayi

In line with its commitment to bridging the gap in the remittance of revenue generated from the mining sector into the Federation Account, the Revenue Mobilization Allocation and Fiscal Commission organised a sensitization workshop on the new template for data rendition in Enugu for the South East Zone on Thursday 16th October, 2025.

Speaking at the occasion, Chairman of the Commission Dr. Mohammed Bello Shehu reaffirmed the commitment of RMAFC to bridging the gap in the data remittance of revenue generated from the sector into the Federation Account.

“It has been established that despite the extent of activities going on in the Country’s mining sector, it contributes only a negligible amount to the Federation Account, largely due to the lack of proper and effective monitoring of mining activities. Hence, it is the intention of the RMAFC to work assiduously in order to ensure that all revenues due to the Federation Account from the mining sector are promptly remitted into the Federation’s distribution pool account as at when due.” He said.

The Chairman who was represented by the Federal Commissioner representing the Federal Capital Territory in the Commission, Ambassador Ayuba Jacob Ngbako stated that the new data rendition templates were designed to capture and manage relevant data with regards to specific measurement of quantity of minerals produced, producing companies and their locations, particular licenses, fees and permits paid by mining companies. According to him, if the data is properly managed and utilized, it will go a long way in ensuring that mining operations and revenues therefrom are effectively tracked and accounted for.

Dr. Shehu emphasized the imperativeness of the new data rendition template given the current economic difficulties the country is going through. He added that the perpetual over dependence on hydrocarbon sources of revenue, which is often plagued by the vagaries of the international oil market in addition to other reasons such as the problems of pipeline vandalism and oil theft underscores the determination of the President Bola Tinubu led administration to harness revenue potentials from other sectors of the country’s economy such as the solid minerals, agriculture, manufacturing and the blue economy.

In his goodwill message, the Executive Governor of Enugu State His Excellency Governor Peter Mbah, who was represented at the occasion by the Honourable Commissioner of Energy and Mineral resources of the state, Honourable Franklin Ogbonna described the new template as a significant step towards building a reliable framework for revenue monitoring and proper resource allocation framework. He added that accurate data is the foundation of sound policy formulation and effective revenue management. ” It enables both the Federal and State Governments to assess real production figures, close leakages, and ensure that due revenues are remitted for the benefit of all Nigerians.” He said.

The governor further said that the initiative aligns perfectly with the drive to reposition the solid minerals sector as a key contributor to the internally generated revenue and economic diversification agenda of the state.

In his welcome address, the Federal Commissioner representing Enugu State in the Commission, Honourable Ozo Obodougo Obumneme stated that the exercise was primarily aimed at ensuring the existence of a platform for independent data source for the Commission which will be free of summation errors and could be used for comparison as advanced information for attribution purposes.

The Commissioner for Solid Minerals in Ebonyi State, Honourable Onyia Emmanuel, Honourable Commissioner of Petroleum and Mineral Resources in Abia State, Prof Joel Ogbonna, Honourable Commissioner for Local Government in Anambra State, Honourable Tony Nwabuno and the Permanent Secratary Ministry of Industry, Mines and Minerals in Imo State, Mrs Obialor Angela all praised the initiative in their goodwill messages.

The sensitisation exercise scheduled to be held in the six geopolitical zones of the country, which commenced on the 7th of October 2025 in Abuja, was followed by the one organised in Asaba Delta State for the South – South region on the 13th of October, 2025.

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