National Strategy for Competitiveness in Raw Materials and Products Development

A Strategy develops Nigeria's raw materials into competitive products to boost industrial growth and exports. It targets manufacturing industries, SMEs, and government ministries involved in trade. This aims to reduce reliance on crude oil and create jobs.

National Strategy for Competitiveness in Raw Materials and Products Development Policy Overview

What Is This Policy?

A national strategy to systematically develop Nigeria's vast raw material resources — solid minerals, agricultural commodities, and petrochemicals — into competitive finished and semi-finished products that drive industrial growth, export diversification, and job creation.

Who Does It Target?

Manufacturing and processing industries SMEs in value-added production across sectors Raw material exporters and importers of processed goods Federal Ministry of Mines, Industry, Trade, and Investment

What Does It Aim to Achieve?

Reduce Nigeria's dependence on crude oil exports by 30% through raw material value addition Develop at least 10 raw material clusters into globally competitive product value chains by 2030 Attract $5 billion in FDI into raw material processing industries Create 2 million direct jobs in manufacturing and processing

Key Features

Current Status

Funding: Federal budget allocations; NEXIM Bank; BOI; Development Finance Institutions

How to Access

Businesses apply for incentives through the Federal Ministry of Industry, Trade and Investment or the Nigeria Investment Promotion Commission (NIPC). Requirements: Registered Nigerian company or incorporated JV Detailed value-addition business plan Compliance with sector-specific regulatory requirements Application method: NIPC one-stop investment centre: www.nipc.gov.ng

Important Terms

Pioneer status provides up to 5-year tax holiday Local content requirements apply across all raw material processing sectors Beneficiaries must meet minimum employment and production targets to retain incentives

Impact & Metrics

Nigeria currently exports $3.4 billion in solid minerals annually with minimal processing; this strategy targets $10 billion in processed exports by 2030.

Official Resources

Website: www.rmrdc.gov.ng | www.nipc.gov.ng Contact: RMRDC — [email protected] | NIPC — [email protected] Federal Republic of Nigeria — Policy Summary Document | March 2026

Legal Framework

The National Strategy for Competitiveness in Raw Materials and Products Development operates under the Nigerian Minerals and Mining Act 2007, the National Metallurgical Development Centre Act, and the Export (Incentives and Miscellaneous Provisions) Act. It aligns with the Nigerian Industrial Revolution Plan, the National Economic Recovery and Growth Plan, and Nigeria's obligations under the African Mining Vision and the WTO Agreement on Trade-Related Investment Measures (TRIMs).