A proposed bill in Nigeria mandating that all raw materials be processed locally to a minimum of 30 percent before export is stirring a mix of reactions from analysts and industry stakeholders.
Currently under review by the Nigerian Senate, the bill seeks to amend the Raw Materials Research and Development Council Act, aiming to boost the local manufacturing and processing sectors, create jobs, and reduce the country’s dependence on imported goods.
Sponsored by Senator Peter Nwaebonyi of Ebonyi North, the bill has already passed a public
