Nation
Bill To Enforce Local Processing Of Raw Materials Scales 2nd Reading …Set to Boost Local Industries
A Bill to mandate local processing of at least 30 per cent of raw materials in the country before exportation last Tuesday passed second reading in the Senate.
The piece of legislation, which aims to amend the Raw Materials Research and Development Council Act, 2022, introducing provisions for local processing and production protection, was sponsored by Senator Peter Nwebonyi( Ebonyi North).
Senator Nwebonyi, in his lead debate on the bill during plenary, argued that mandating local processing would boost local manufacturing industries, create jobs for Nigerians, reduce dependence on imports and the demand for foreign exchange.
His words, “Promoting local processing to a minimum of 30 percent or more will add value to our economy, particularly to our Naira. It will also encourage innovation within our local industries, leading to a significant increase in domestic production.”
Senator Nwebonyi added that the bill, if enacted, would shield Nigerian manufacturers from foreign competition by regulating the importation of raw materials that could be processed locally, fostering a favourable environment for domestic industries to thrive.
In his contribution, the Deputy Senate President, Senator Jibrin Barau, commended the sponsor of the bill for his thoughts and innovation towards founding and re-energising the nation’s economy, lamenting that “day in and day out, raw materials are exported out of this country to develop other economies.”
“We have the capacity, human capital, and technical resources to act on these raw materials and to process these raw materials. And by not doing so, we are undermining our economy while allowing for the promotion of other economies.
“Once this bill is passed, it will now be mandatory that these raw materials be processed here, at least 30 per cent.
This will energise our economy by providing jobs and promoting our real sector. Our real sector will be energised; we will go up and running. It’s very straightforward.
“Several industries will emerge because it will now be mandatory that you don’t engage in this lazy attitude of taking raw materials outside the shores of this country. This raw material must be processed here,” he explained.
The Deputy Senate Minority Leader, Senator Kamorudeen Oyewumi however, raised concerns about the bill’s practicality, particularly in sectors lacking local processing capacity.
He said: “There is a need for amendments due to the nature of some products. We assume that all these products should not be exported raw, but what about when there are no companies to process them locally?”
While warning that strict enforcement of the bill could harm local farmers who rely on export markets for raw materials, he advised against granting blanket approval, “as farmers may incur losses if raw materials cannot be.
Nneka Amaechi -Nnadi
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Haniel Jack Foundation Awards Five Rivers Indigenes Scholarship
The Ibanibo Haniel Jack Foundation has awarded scholarships to five Rivers State indigenes in different tertiary institutions.
The scholarship programme was announced on Easter Sunday by Rev. Dr. Samuel Wachukwu, who is also the presiding pastor of Redeemer Baptist Church, at No. 44/46 Lumumba Street, Mile Two Diobu, in Port Harcourt.
Speaking, the chairman of the occasion, Barrister Karibi George, advised the recipients to justify the scholarship by ensuring that they put in their best and finish at the expected time.
George reminded them that opportunity comes but once and they should take advantage of the opportunity that comes their way judiciously.
“Those of you who are beneficiaries of this scholarship should also remember to help others and the resurrection of our Lord Jesus Christ.
“I advise you to justify the opportunity given to you and make the man who gave you the scholarship, yourself, and your family proud,” Barrister George said.

He explained that the scholarship spans undergraduate and postgraduate levels in various high institutions in Nigeria. He thanks Sir Jack for the gesture.
The scholarship is to promote education in our society, most especially for Rivers indigenes, and equally assist those who cannot immediately afford tuition fees.
It will interest you to know that
The scholarship was borne out of God’s blessings, and this is a way to give back to the society. Besides, two of the beneficiaries are direct employees of the chairman of the foundation, sir.
Ibanibo Haniel Jack, who is also the chief executive officer (CEO) of White House Hotel, in Port Harcourt.
Chief Prezi Diffa, while presenting the awards, commended Sir Ibanibo Haniel Jack, who has deemed it necessary to give back to society.
Chief Diffa equally advised the beneficiaries to take their academics seriously and count themselves lucky.
“The man who has given you this scholarship wants to better your lives, so please put in every effort to ensure you finish the school with flying colors,” Chief Diffa said.
The beneficiaries are Isoboye Haniel Douglas, Naomi Douglas, Charles Batubo, Ajé Sokari, and
Dakoru Owen Amachree.
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