Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

RMRDC Set to Launch Raw Materials Database to Boost Industrial Growth

Elizabeth OkandejibyElizabeth Okandeji
September 3, 2024
in Government
0
RMRDC Set to Launch Raw Materials Database to Boost Industrial Growth
Share on FacebookShare on TwitterShare on Whatsapp

The Raw Materials Research and Development Council plans to publish a comprehensive raw materials database this month, aimed at increasing Nigeria’s industrial competitiveness and giving critical information to investors and businesses.

This was revealed by RMRDC’s Director General and Chief Executive Officer, Professor Nnanyelugo Ike-Muonso, at the council’s 100-day anniversary celebration in Abuja on Tuesday.

Addressing the media, Ike-Muonso underlined the importance of the database, saying, “The database for raw materials that we’re developing does not exist anyplace in Nigeria, as it is now.

We provide both technical and investment information, and you may quote me wherever. This is more than simply point data; we’re offering detailed information about each raw element, including its economic value.

The database, which provides comprehensive information on the availability, potential for exploitation, and economic worth of different raw resources across Nigeria, is anticipated to be an invaluable resource for investors.

The DG clarified, “We have raw materials that are solids, agricultural, and mineral included.” In order to direct investment, he continued, “we’re even figuring out how much of each raw material is exploited in every location, along with related risks and tax policies.

” This program is in line with the council’s overarching plan to reorient its research towards commercialisation and industry relevance.

“We were not set up to do blue sky research,” said Ike-Muonso, emphasising the importance of conducting research that directly addresses the demands of the industrial sector. Research that the market will accept is what we desire.

Our study is now focused on industrial competitiveness and market acceptance thanks to the new template we’ve introduced. He went on to discuss the council’s audacious goal in more detail, outlining intentions to get at least 200 patents in a 24-month period.

“You may contribute to this by ensuring that your research is easily commercializable. We want research that industry can adopt and that will improve industrial competitiveness,” he said.

Ike-Muonso emphasised the significance of the new research template, which has already been sent to universities throughout the country with the cooperation of the Nigerian Universities Commission.

“The speed of proposals has slowed because people are now required to think clearly. “They must ensure that the proposals make sense, are acceptable to industries, and contribute to industrial competitiveness,” he added.

The RMRDC is also exploring nontraditional funding sources to support its programs. Ike-Muonso indicated intentions to invite donor partners and diplomatic embassies to a gathering on October 9, where the council will explain its programs and discuss future collaborations.

“We hope that if it’s successful, we will have substantial commitments that will help in funding some of the initiatives we have lined up,” according to him.

As the debut of the raw materials database approaches, the RMRDC intends to establish itself as Nigeria’s definitive authority on raw material data provision.

“We want everybody to come to us for information on raw materials,” said the leader. “This database will play a critical role in guiding investors to exploitable raw materials and reducing the need for imports of resources that are readily available within the country,” according to him.

Bottom Line

The focus on a wide range of raw materials, including solid, agricultural, and mineral resources, ensures comprehensive coverage that can cater to diverse industrial needs.

Additionally, by detailing the risks and tax policies associated with each material, the database can help investors make informed decisions, thereby reducing uncertainties and fostering a more conducive investment environment.

Tags: . industrial growthdatabasefederal characterNewsRaw materialRMRDCRMRDC Set to Launch Raw Materials Database to Boost Industrial Growth
Elizabeth Okandeji

Elizabeth Okandeji

A wordsmith with a passion for all things tech. I write captivating articles and unravel complex concept in the world of technology.

Related Posts

Why Hawaii Is Not Part Of NATO
Government

Why Hawaii Is Not Part Of NATO

October 23, 2025
The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago
Government

The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

October 23, 2025
Release Sowore or Face Mass Protests, Tinubu Government IS Warned
Government

Release Sowore or Face Mass Protests, Tinubu Government IS Warned

October 23, 2025
Next Post
Selena Gomez Discusses Her Preparation for New Musical ‘Emilia Pérez’

Selena Gomez Discusses Her Preparation for New Musical ‘Emilia Pérez’

PIDOM Remanded in Kuje Prison Over Alleged Cybercrime, Money Laundering

PIDOM Remanded in Kuje Prison Over Alleged Cybercrime, Money Laundering

International Outcry as Venezuela Issues Arrest Warrant for Opposition Leader

International Outcry as Venezuela Issues Arrest Warrant for Opposition Leader

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Osun State Government Makes Pledge to Sponsor Medical Bill of Accident Victims

Osun State Government Makes Pledge to Sponsor Medical Bill of Accident Victims

2 years ago
Olamide Took Me From Grass to Grace- T.I Blaze

Olamide Took Me From Grass to Grace- T.I Blaze

3 years ago
Mojisola Meranda Resigns from Lagos Speakership

How Many Times Can One Man Be Speaker? Lagos Politics Is a Circus

8 months ago
Nearly All the Men in Lagos Are Mad”: Does This Book Declare War on Men?

Nearly All the Men in Lagos Are Mad”: Does This Book Declare War on Men?

2 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Why Hawaii Is Not Part Of NATO

The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

Release Sowore or Face Mass Protests, Tinubu Government IS Warned

Baltimore City Police Who Stole $215k Retains Pension

APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

Dangote Group Disowns Killer Truck in Ondo Crash

Trending

Premier League's New Strikers: Who Firing and Who Flopping?
Sports

Premier League’s New Strikers: Who Firing and Who Flopping?

byHashim Kolawole
October 24, 2025
0

The 2025/26 season of the Premier League brought about the signing of many blockbuster players of the...

Rashford Hints at Barcelona Stay Beyond Loan From Manchester United

Rashford Hints at Barcelona Stay Beyond Loan From Manchester United

October 24, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 24, 2025
Why Hawaii Is Not Part Of NATO

Why Hawaii Is Not Part Of NATO

October 23, 2025
The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

October 23, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Premier League’s New Strikers: Who Firing and Who Flopping?
  • Rashford Hints at Barcelona Stay Beyond Loan From Manchester United
  • October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com