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Stakeholders seek domestic investment to curb $2.1bn ceramic import
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Stakeholders seek domestic investment to curb $2.1bn ceramic import

From Vanguard · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Nigerian ceramic industry stakeholders are calling for increased domestic investment and policy support to reduce a projected $2.1 billion in ceramic imports for 2026.
  • Industry leaders, investors, and researchers met at the Nigeria Ceramic Investment Summit and Product Exhibition 2026 to explore growth opportunities.
  • Experts emphasized the need for collaboration between government, industry, and academia to unlock the sector's potential and drive industrialization and job creation.

Stakeholders in Nigeria's ceramic industry are urging for greater domestic investment and policy backing to curb a significant reliance on imports. The sector is projected to import $2.1 billion worth of ceramics in 2026, highlighting a critical need to bolster local production.

The opportunities before us are enormous, and the responsibility to seize them belongs to all of us. The transformation of Nigeriaโ€™s ceramic industry cannot be achieved by any single stakeholder. It requires the collective efforts of government, industry, academia, financial institutions, development partners, investors, technology providers, entrepreneurs and civil society.

โ€” Engr. Eguakhide Patrick OaikhinanConvener of NCISPE 2026 and Professor of Ceramic Engineering, speaking at the summit about the need for collective action.

At the Nigeria Ceramic Investment Summit and Product Exhibition 2026, industry leaders, investors, and researchers convened to identify pathways for growth across the ceramic value chain. Professor Eguakhide Patrick Oaikhinan, the summit's convener, stressed that Nigeria possesses vast untapped potential in ceramics but requires deliberate actions to realize its economic value.

It is important to place on record our disappointment that despite the strategic importance of this sector to Nigeriaโ€™s industrialisation agenda, the Federal Ministry of Solid Minerals Development, the Federal Ministry of Industry, Trade and Investment, the Federal Institute of Industrial Research, and the Nigerian Export Promotion Council were unable to participate in this landmark gathering.

โ€” Engr. Eguakhide Patrick OaikhinanExpressing disappointment over the absence of key government institutions at the summit.

Oaikhinan stated that transforming the industry necessitates collective effort from government, industry, academia, financial institutions, and development partners. He expressed optimism that enhanced public-private collaboration would accelerate industry development and position it as a key contributor to Nigeria's economic diversification. However, he also voiced disappointment over the absence of key government institutions, including ministries for solid minerals, industry, trade, investment, and export promotion, underscoring the need for their greater engagement.

Their absence is particularly regrettable given the critical role these institutions play in mineral resource development, industrial policy, export promotion, research and development, value addition and the advancement of local manufacturing.

โ€” Engr. Eguakhide Patrick OaikhinanFurther elaborating on the regret over the absence of specific government bodies.
DistantNews Editorial

Originally published by Vanguard. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.