By Professor Nnanyelugo Ike-Muonso, has emphasized the need for Africa to maximize economic and industrial benefits by adding value to its natural resources before exportation.
Speaking ahead of the Africa Raw Materials Summit (ARMS) 2025, scheduled for May 20-22 at Abuja Continental Hotel, Ike-Muonso stated that Africa’s abundant mineral and agricultural resources remain underutilized due to a lack of value addition. The summit will host over 1,000 experts from 72 countries to discuss strategies for industrial growth and economic diversification.
“Africa is rich in natural resources, but exporting them without adding value limits economic benefits and industrial development. This must change,” he said during a visit to Chi Limited in Lagos to seek collaboration for the event.
The summit will focus on raw materials value addition, investment opportunities, and sustainable regional collaboration to enhance Africa’s role in the global raw materials market. Ike-Muonso urged stakeholders across industries to actively participate in shaping the future of the sector.
Professor Bernard Odoh, Chairman of the Local Organizing Committee, highlighted that the event aims to bring policymakers, businesses, and research institutions together to develop actionable solutions for Africa’s resource-based industries.
Chi Limited’s representatives, Zainab Balogun and Emeka Ezeji, pledged their commitment to supporting the summit’s objectives, emphasizing its potential to transform Africa’s industrial sector and drive long-term economic growth.
