Industry & Commerce

Nigeria lost $1.4bn to chemical importation in 2019 – NARICT

The Director-General, National Research Institute for Chemical Technology, Zaria, Prof. Jeffrey Barminas, said that Nigeria lost $1.4bn to importation of chemicals in 2019.

He made the disclosure on Thursday at an interactive session in Abuja with the Senate Committee on Science and Technology chaired by Sen. Uche Ekwunife.

Barminas said that the country was losing a lot every year on chemical imports.

He said, “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.

“Because of our dependence on petroleum for a long time, we left our indigenous chemical technology and that’s why today we are losing a lot in terms of importation.”

He said that if the country got its research and infrastructure in chemical technology right, it would cover up the gap in importation of chemicals.

The NARICT boss further said that part of the institute’s achievements was the production of fertilizer.

“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,”

 

Related posts

FoI Awards: NIPC attributes 1st position to commitment to improvement

Shile GIWA

Panic Grips FIIRO Management as Union Demands Return of N25m stolen from Staff Co-operative Society.…..

Editor

Post-harvest losses: FG pledges support to research institutes

Our Reporter

Govt policies hurting manufacturers, says MAN

Editor

FG committed to diversification of economy – Minister

Editor

BUA tackles Dangote on letter to minister

Our Reporter