Nigeria: Government urged to leverage innovation around fossil fuel resources to boost processing industries

As technologies continue to boost global industries, the federal government has been urged to take advantage of the abundance of fossil fuel resources to boost the processing industry and digitization of the country’s industrial sector.

The global transformation towards carbon-neutral production has gained tremendous momentum in recent years, and Nigeria has about 60% of the pharmaceutical production capacity in Africa.

In view of this, the Delegation of German Industry and Commerce in Nigeria (AHK Nigeria) ahead of ACHEMA, calls on the manufacturing industry in the country to leverage the conference to put Nigeria on the map as the innovation around the chemical industry continues. to attract foreign investment.

ACHEMA is the global forum for chemical engineering, process engineering and biotechnology and is the world’s leading trade fair for the process industry which usually takes place every three years in Frankfurt.

Speaking in Lagos recently, the CEO of DECHEMA Exhibitions, Dr. Thomas Scheuring, said the conference would allow Nigerian attendees to interact with world-class companies to boost their industries with technological products.

For Katharina Felgenhauer, delegate for German industry and trade in Nigeria, “We are seeing more and more commercial interest and concentration in the Nigerian market and we will continue to support German companies”.

Also commenting, Covestro’s Chief Technology Officer, Dr. Klaus Schäfer, said: “I sense a great spirit of optimism in the chemical industry. The urge to advance new projects to build the global circular economy as well as to reduce greenhouse gas emissions continues. growing up.”

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