By Festus Obot
The Director General of the Raw Materials Research and Development Council (RMRDC) Prof Nnanyelugo Ike-Muonso has said that over 3 million new jobs will be created with the passage of the proposed RMRDC amendment Bill currently before the National Assembly. Prof. Ike-Muonso made this known while fielding questions from reporters during a press conference on the forthcoming Africa Raw Materials Summit to be hosted by the Council and its partners from May 20-22, 2025 in Abuja.
According to the RMRDC Boss, “the proposed RMRDC amendment Bill when passed into law has the capacity to create over 3 million new jobs in Nigeria and generate revenue for the government…” Prof Ike-Muonso further stated that “with the data available to RMRDC, we envisaged that these 3 million new jobs can be created within the next four to five years…”
Prof Ike-Muonso stressed that while Africa holds a significant share of global raw materials, the continent still struggles with the challenge of value addition, industrial transformation, and sustainable development and job creation for a vast majority of its people.
According to the Director General, “…the Africa Raw Materials Summit aims to address these critical challenges by focusing on economic diversification and industrial growth strategies; investment opportunities in raw materials processing and infrastructure;
sustainable extraction and value-addition techniques; regional collaboration to enhance Africa’s position in the global raw materials market; data-driven decision-making through the Raw Materials Information System (RMIS); policy formulation and governance to foster responsible resource management”, he stated.
The Africa Raw Materials Summit with the theme: “Shaping the Future of Africa’s Resource Landscape” is designed “to bring together researchers, policymakers, investors, industrial leaders, and key stakeholders across Africa and beyond to explore innovative ideas, foster strategic partnerships, and develop actionable solutions for unlocking the full potential of Africa’s raw materials sector…”, Prof Ike-Muonso stated.
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