Nigeria’s spending on chemicals from abroad came to $1.4 billion in 2019, the National Research Institute for Chemical Technology said Thursday.
Jeffrey Barminas, Director General of National Research Institute for Chemical Technology, Zaria, revealed during an interactive session with the Senate Committee on Science and Technology that chemical importation was eating away into the revenue of Africa’s largest economy increasingly by virtue of its import-oriented culture.
“We are highly dependent on importation of chemicals and chemical products into this country.
“Just in 2019 alone, this country has lost over $1.4bn on the importation of chemicals.
“And how can we handle this. We as a nation can produce chemicals and chemical products based on the natural resources that God has endowed us with,” Professor Barminas said.
Nigeria’s long-standing dependence on petroleum led it to forsake indigenous chemical technology, he said, making it to gift a chunk of its income to importing the product.
He is optimistic that the prioritisation of research and infrastructure will enable the nation to bridge its chemical importation gap, noting fertiliser manufacturing as a core strength of the institute.
“The fertilizer we have is not chemical fertilizer that affects the soil when applied over a long period. Rather it is an organic fertilizer; it is need-based,” he added.
- BREAKING: 354 new cases of COVID-19 take Nigeria’s total to 45,244; death toll now 930 - August 7, 2020
- Nigerians will see Buhari’s achievements if they ‘calm down’ —Presidency - August 7, 2020
- FG to pay health workers’ hazard allowance next week - August 6, 2020