Stakeholders have made a case for the non-metallic and mineral products sector, urging the Federal Government to support the players in their quest for value addition across the value chain.
They spoke at the 2024 Annual General Meeting of the Non-Metallic and Mineral Products Sectoral group of Manufacturers Association of Nigeria (MAN), in Lagos, with the theme, ‘Exploring New Frontiers: Maximising the Non-Metallic Industry for Diversification.’
The guest speaker, Chief Executive Officer, BAA Consult, Dr. Biodun Adedipe, said that the investment requirements in the sector are also not as steep as those for exploration and production of non-metallic minerals.
He further said that unlocking the opportunity therein can bring sustainable diversification of the Nigerian economy, especially its external sector, within a short space of five years.
On his part, Chairman, Non-Metallic and Mineral Products Sectoral group of Manufacturers Association of Nigeria (MAN), Mr. Afam Mallinson Ukatu, said that their industry has shown resilience, but was prepared to compete both locally and across the continent.
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He commended the leadership of the MAN, under the President, Otunba Francis Meshioye, whose unwavering dedication has significantly strengthened the advocacy efforts of the association and the Director General, Mr. Segun Ajayi-Kadir, for the continued guidance and support provided by the MAN secretariat.
“Our sector is a critical contributor to national development, especially in addressing Nigeria’s housing deficit, currently estimated at 28 million. This gap presents a significant opportunity for members in the production of essential materials needed to close the housing shortfall. We must align our efforts with national strategies to help overcome this challenge, a task we believe today’s deliberations will greatly contribute to.
“Despite the various obstacles we face—ranging from infrastructure deficits and regulatory burdens to the threat of substandard imports—we remain resolute. I want to thank our members for their unwavering support to the outgoing executives and encourage you to extend the same commitment to the incoming team as we continue to elevate our sector and the manufacturing industry at large. I also extend my gratitude to our media partners for your continued collaboration in promoting the manufacturing sector’s ideals for the long-term benefit of our nation,” he added.