• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, October 24, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

RMRDC Bill Threatens Manufacturing, Exports With Risky 30% Value-addition Push, CPPE Warns

LEADERSHIP News by LEADERSHIP News
2 years ago
in Business
CEO Centre For The Promotion Of Private Enterprise CPPE Dr. Muda Yusuf
Share on WhatsAppShare on FacebookShare on XTelegram

The Centre for the Promotion of Private Enterprise (CPPE) has issued a strong warning over the Raw Materials Research and Development Council (RMRDC) Bill before the National Assembly, cautioning that its key provisions could significantly damage Nigeria’s manufacturing and export sectors.

The bill seeks to ban the export of any primary product unless it has undergone at least 30 per cent local value addition and would prohibit the importation of raw materials considered sufficiently available locally.

CPPE’s director, Dr. Muda Yusuf, described the bill as “simplistic” and potentially harmful, arguing it risks thousands of jobs tied to non-oil exports like cocoa, cashew, and sesame, and could worsen bureaucratic corruption.

The organisation also criticised the bill’s vague definitions and lack of clear implementation metrics, warning that it could undermine both exporters and processors, and calling for the National Assembly to halt deliberations and for RMRDC to focus on its research mandate.

While acknowledging the merits of encouraging value addition, the CPPE warned that the bill, if passed, could create serious unintended consequences. “What is needed is a win-win proposition, not a zero-sum game,” Yusuf said, arguing that the proposal fails to balance the interests of exporters and processors.

The CPPE expressed concern over the vague metrics and implementation framework suggested by the bill. Querying what would constitute the 30 per cent value addition, and who determines it as proposed in the bill, the CPPE questioned the claim that raw materials are sufficiently available locally.

The organisation noted that thousands of jobs tied to Nigeria’s leading non-oil exports, such as cocoa, cashew, shea butter, sesame, and ginger, could be put at risk. It also highlighted that even crude oil, Nigeria’s top export, was not subjected to domestic refining until recently.

“Most agro-processors have collapsed not because of raw materials scarcity, but due to structural issues such as high energy costs, poor infrastructure, and unfavourable policy environments,” the statement read.

RELATED NEWS

NES#32 Holds As Scheduled, Says NESG, Adopts Hybrid Format

CBN Moves To Tackle Payment Barriers In Nigeria-China Trade

Solar Panels Become Nigeria’s New Wedding Gift As Power Costs Rise – Bloomberg

The CPPE also criticised what it sees as an overreach by the RMRDC, stating that matters of import and export regulation fall under fiscal policy, which is the responsibility of the Ministry of Finance, in coordination with the Ministries of National Planning, Industry, Trade and Investment, and crucially, the Nigeria Export Promotion Council (NEPC).

Yusuf further warned that the proposed legislation could open new doors for bureaucratic corruption, as businesses would be forced to navigate yet another layer of government approvals.

“This bill has a very weak value proposition,” the CPPE concluded, calling on the National Assembly to discontinue deliberations on the matter and urging the RMRDC to redirect its efforts towards its core mandate—researching and providing cost-effective raw material options for Nigerian manufacturers.

“The council’s involvement in trade policy matters is an aberration,” Yusuf added. “Trade policy must remain flexible and responsive, not locked into rigid legislation.”

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works

LEADERSHIP News

LEADERSHIP News

OTHER NEWS UPDATES

NESG Seeks State-level Strategies to Unlock Nigeria’s Growth Potential
Business

NES#32 Holds As Scheduled, Says NESG, Adopts Hybrid Format

52 minutes ago
CBN Moves To Tackle Payment Barriers In Nigeria-China Trade
Business

CBN Moves To Tackle Payment Barriers In Nigeria-China Trade

8 hours ago
Solar Panels Become Nigeria’s New Wedding Gift As Power Costs Rise – Bloomberg
Business

Solar Panels Become Nigeria’s New Wedding Gift As Power Costs Rise – Bloomberg

11 hours ago
Next Post
FIRS Targets 80% In-House Workforce, Unveils Strategic Recruitment Drive

FIRS Targets 80% In-House Workforce, Unveils Strategic Recruitment Drive

LATEST UPDATE

2027: ‘I’m Eradicating The Hunger, Poverty You Created’ — Tinubu Tells Atiku, Other Opposition Leaders

17 minutes ago

2027: Kaduna Gov Sani Questions Opposition Over Road Projects

18 minutes ago

“Senior Man Baby”- Reactions As Baby Born With Full Blown Moustache Goes Viral

21 minutes ago

2027: ‘I Want To Leave Aso Rock To Enjoy Nigeria In My 70s’ — Remi Tinubu

23 minutes ago

Atiku Blames Tinubu, Okpebholo, APC Over Attack On Comedian Porkupyne

24 minutes ago

2027: Two Million Farmers To Vote Tinubu -Yari

31 minutes ago

2027: ‘Opposition Now Campaigning With AI,’ — Uba Sani

34 minutes ago

PSN Seeks Collaboration Among Specialist Pharmacists To Strengthen Pharmacy Practice

50 minutes ago

NES#32 Holds As Scheduled, Says NESG, Adopts Hybrid Format

52 minutes ago

About 30 Feared Dead As Bandits Attack Taraba Community

58 minutes ago
Load More
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino | Polskie Kasyno.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino | Polskie Kasyno.