Stakeholders in the Non-Metallic and Mineral Products Sector has urged the federal government to support the sector, which can ensure sustainable diversification of the economy
They stated this at the 2024 Annual General Meeting of the Non-Metallic and Mineral Products Sectoral group of Manufacturers Association of Nigeria (MAN) held in Lagos, with the theme, ‘Exploring New Frontiers: Maximising the Non-Metallic Industry for Diversification’.
They also urged the government to create an enabling environment for smooth operations for investors.
Chairman, Non-Metallic and Mineral Products Sectoral group of MAN, Afam Ukatu, said that “their industry has shown resilience; and with pragmatic solutions, they must be prepared to compete both locally and across the continent.”
According to Ukatu, this year’s theme speaks to the immense untapped opportunities within our sector. Innovation, technology, and sustainability are key drivers of growth, and as the government shifts focus toward economic diversification, our industry stands poised to play a pivotal role in Nigeria’s future development.
He pointed out that “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.”
Chief executive officer, BAA Consult, Dr. Biodun Adedipe, said that the investment requirements in the sector are 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.
Also, the director-general, MAN, Segun Ajayi-Kadir said “we expect more to be done towards ensuring a more robust participation of member companies under this sector, particularly in driving advocacies for the benefit of all.”
SOURCE: LEADERSHIP
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