(3 minutes read)
- The Nigerian Federal Government has announced plans to revamp the nation’s ailing paper industry by setting up an inter-agency committee to gather the remote and immediate causes of the collapse of the industry over the years
- The Director, Industrial Development, Federal Ministry of Industry, Trade and Investment, Mr. Adewale Bakare, represented by the Deputy Director, Mrs. Olumuyiwa Ajayi-Ade, explained that the aim of the was to find lasting solutions for their revitalization.
The Nigerian Federal Government has announced plans to revamp the nation’s ailing paper industry by setting up an inter-agency committee to gather the remote and immediate causes of the collapse of the industry over the years.
The Director, Industrial Development, Federal Ministry of Industry, Trade and Investment, Mr. Adewale Bakare, represented by the Deputy Director, Mrs. Olumuyiwa Ajayi-Ade, explained that the aim of the was to find lasting solutions for their revitalization. The government is coming out with a sector-specific policy. Bakare was addressing a workshop organized by the Lagos Chamber of Commerce and Industry (LCCI), titled “Raw materials demand and supply in the pulp and paper mills in Nigeria.”
LCCI president Dr Michael Olawale-Cole, noted that Nigeria, in the third quarter of 2021, spent N410 billion on importation of paper making materials, paperboard articles and exported N1.3 billion during the same period. The country’s installed production capacity remained at an abysmally low level of 200 thousand metric tonnes, thereby making importation of raw materials inevitable. Nigeria is Africa’s second largest importer of printing and paper processing technologies despite its huge arable land and abundant forest resources across the country.
