A seasoned supply chain and chemical importation expert, Uzoma Nnaji, has harped on the urgent need for Nigeria to invest in local raw materials production to boost the economy and achieve greater stability.

Emphasizing on the role of raw materials production in bolstering Nigeria’s economy, Nnaji highlighted the untapped potential within Nigeria to produce vital raw materials locally, which are currently imported at high costs.
“Investing in the local production of raw materials, particularly in the chemical and food additive industries, can significantly reduce our dependency on imports, stabilize our currency, and create job opportunities,” Nnaji stated.

Pointing out that the volatility of Nigeria’s foreign exchange market has adversely affected importers, leading to increased costs and reduced profit margins, Nnaji argued that by reducing reliance on imported goods, the country could mitigate these economic vulnerabilities.

“Local production will not only lower the cost of raw materials but also ensure a more stable supply chain,” she explained and called on the government to play an active role in fostering this industry.
“The government should subsidize foreign exchange for raw materials that are essential to production and support training programs for local manufacturers. This will enhance our capacity to produce high-quality products domestically,” Nnaji suggested.
In addition to economic benefits, Nnaji emphasized the health implications of locally produced raw materials, particularly in the food and pharmaceutical industries.

“Ensuring the quality and safety of raw materials used in food and pharmaceuticals is paramount. Local production allows for better regulation and oversight, leading to improved public health outcomes,” she noted.

Nnaji also highlighted the importance of educating small-scale food producers about the benefits of using trace elements and vitamins in their products.

She said: “NAFDAC and other regulatory bodies should increase sensitization efforts to inform producers about the critical role of these elements in human and animal health.
“By prioritizing and investing in local production, Nigeria can achieve economic independence, enhance public health, and pave the way for a more prosperous future.”

Nnaji’s extensive experience in supply chain management and chemical importation, combined with her academic background in Chemical Engineering and International Business Management, positions her as a leading expert, driving immense positive change in Nigeria’s industrial development