Entrepreneur and patent holder in the USA and Nigeria, Dr Kenny Acholonu, has punctured the mantra of reliance on local raw materials as the pathway to Nigerian industrialisation and development. In his book, Who will give you the technology? Science-based innovation and manufacturing in Nigeria, the innovator asserts that “local raw materials not a panacea for development”. Acholonu asserted: “Many policymakers in Nigeria, particularly in Africa, continuously and erroneously promote the policy framework that says using local raw materials will add much economic value and lead to higher GDP growth.…
Read MoreACHOLONU QUESTIONS THE MANTRA OF “LOCAL RAW MATERIALS” AS A DEVELOPMENT PATHWAY
