Nigeria, July 15 -- Speaking on Tuesday in Abuja during a courtesy visit by the Managing Director of the News Agency of Nigeria (NAN), Malam Ali M. Ali, to the council's headquarters, Ike-Muonso described local value addition as the foundation for industrialization, currency stability and increased foreign exchange earnings.

"The future and prosperity of Nigeria depend on giving priority attention to the activities of this council. Africa and Nigeria have enormous raw materials to offer the world, but their true value lies in processing and valorizing them locally," he said.

According to him, developing raw materials into finished products will strengthen manufacturing, improve the value of the naira, boost foreign exchange inflows and...