Abuja: The Raw Materials Research and Development Council (RMRDC) on Tuesday unveiled the Nigerian Information Statistical System for Raw Materials and Products (NISSRAMP). The launch, held in Abuja, marks a significant step in providing investors and stakeholders with access to data-based information on Nigeria’s raw materials.
According to News Agency of Nigeria, the platform aims to revolutionize the collection, management, and utilization of data on Nigeria’s natural resources. Prof. Nnanyelugo Ike-Muonso, Director-General of RMRDC, emphasized the platform’s role in bridging critical data gaps and transforming the landscape for investors, policymakers, and industry operators.
He highlighted that prior to this initiative, stakeholders faced challenges due to the lack of a unified repository of information on raw materials. Decision-making was often hindered by incomplete or outdated data, affecting investment and industrial growth. The NISSRAMP platform is positioned as a strategic tool for national development, offering real-time information on profiling, production capacity, location, and availability of raw materials.
Dr. Cypril Chinweyi, Deputy-Director of Statistics and Data Analysis at RMRDC, underscored the importance of integrating technologies and collaboration for national development. By linking databases from the Central Bank of Nigeria, Nigerian Geological Survey Agency, Customs, and other institutions, NISSRAMP provides a comprehensive view of the raw material ecosystem. This dynamic approach replaces outdated methods, ensuring data compliance with global standards.
Chinweyi further explained that the platform supports the Federal Government’s policy of 30 per cent value addition by ensuring local processing of raw materials before export. This is crucial for retaining wealth within the economy and creating jobs. NISSRAMP is designed to be accessible to the public, aiding in pricing decisions, research, and business planning.
Abidemi Adesina, the consultant behind the platform’s design, noted that NISSRAMP is built on data and analytics, open for collaboration, and leverages Artificial Intelligence (AI) to ensure privacy and trust. As Nigeria positions itself as an industrial hub, initiatives like NISSRAMP demonstrate that data is a key driver of growth.