Nigeria is edging closer to a new era of industrial transformation as the Raw Materials Research and Development Council (RMRDC)’s 30% Value Addition Bill passes its third reading in the House of Representatives and now heads to the desk of President Bola Ahmed Tinubu for assent, reports ITREALMS.
The landmark legislation mandates that all raw materials sourced in Nigeria must undergo a minimum of 30 percent local value addition before export. This policy aims to strengthen domestic manufacturing, reduce capital flight, and enhance the nation’s economic resilience by ensuring that more of Nigeria’s wealth is retained within its borders.
Nigeria has surpassed the 30 per cent COVID-19 vaccination milestone, reports ITREALMS.
This, ITREALMS gathered, followed a sustained COVID-19 vaccination rollout in recent months to surpass the milestone of fully vaccinating 30 per cent of its total population.
