By Adaora Adibe & Asmau Nasiru
In a strategic move aimed at strengthening Nigeria’s investment landscape, the Presidential Economic Advisory Council/Foreign Intervention Promotion Council has announced a collaborative partnership with the Raw Materials Research and Development Council (RMRDC) ahead of the highly anticipated World Investment Summit 2025.
The announcement came during an official visit by the Council’s management team, led by Director-General Prince Adeniyi Adeyemi, to the Director-General/CEO of RMRDC, Professor Nnanyelugo Ike-Muonso, at the RMRDC’s headquarters in Abuja.
Prince Adeyemi briefed the RMRDC team on preparations for the World Investment Summit, which is scheduled to take place from November 17 to 21, 2025, at the Bola Ahmed Tinubu International Conference Centre, Nigeria. The summit aims to attract substantial foreign investment and promote sustainable economic growth through strategic partnerships and interventions.
Commending Professor Ike-Muonso for his remarkable achievements since assuming office, Prince Adeyemi emphasized the need for collaboration between both institutions. He noted that the Council has established economic zones across all 36 states of the Federation to facilitate incoming investments and called on the RMRDC to support the identification of raw materials available in Nigeria’s 776 local government areas. This, he said, would provide investors with targeted, data-driven guidance for profitable investments.
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“We want RMRDC to be a strategic partner,” said Prince Adeyemi. “Your role is critical in helping investors understand where and how to invest, especially in the raw materials sector. We also propose assigning a liaison desk officer to work closely with your team and nominate RMRDC representatives to join the local planning committee for the summit.”
He also invited Professor Ike-Muonso to serve as a panelist at the World Investment Summit, where he would help guide discussions on sector-specific investment opportunities.
In response, Professor Ike-Muonso welcomed the initiative and pledged RMRDC’s full support. He highlighted the importance of raw materials in any investment conversation, stating, “Frankly speaking, you can’t talk about investment without mentioning raw materials.”
He recalled the success of the Africa Raw Materials Summit hosted by RMRDC in May 2025, and stressed the need for stronger institutional support and interventions to achieve RMRDC’s strategic goals. He assured that a comprehensive proposal would be submitted in the coming week to formalize areas of collaboration.
“We are excited about this partnership,” he added. “We believe this strategic alliance will drive significant progress in the raw materials and industrial development sectors.”
Also speaking at the meeting, the Director of National Competitiveness Strategy and Special Projects, Mr. Adamu Yaro, emphasized the Council’s capacity, noting it maintains a comprehensive database of Nigeria’s raw materials. He underscored the need for increased funding and foreign intervention to scale up R&D efforts.
“RMRDC is a research-intensive organization, and we require substantial support to make a lasting impact,” Yaro stated, urging the Economic Council to clarify how foreign interventions can be effectively harnessed.
Other directors present at the meeting, including the Director, Planning, Statistics, and Policy Mrs. Rachel Kotso; Director, Chemicals and Pharmaceuticals Department Mr. A. Kollere; and Director, DCA, Mr. Murktar, all expressed strong support for the partnership. They described it as a timely and visionary initiative that aligns with Nigeria’s long-term economic transformation goals.
