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  • Business - Companies
  • Updated: September 26, 2022

Group Collaborates With UNILAG To Reduce Production Cost For Manufacturers

The Raw Materials Research and Development Council in collaboration with the University of Lagos have said they are coming up with solutions that will reduce manufacturers’ production costs by 30 per cent.

 Prof Hussaini Ibrahim, the Director General and Chief Executive Officer, RMRDC, said this in Lagos at a press conference to announce the first international conference on additive manufacturing in Nigeria.

The Director of the Lagos office, Tokunbo Habeeb, who represented Ibrahim explained that the summit was apt considering the harsh cost product manufacturers are experiencing in Nigeria.

He explained that the aim of the conference was to bring down the cost of manufacturing operations by at least 30 per cent

“Manufacturers have been bedevilled with myriads of challenges hindering manufacturing activities.

"The conference is coming at a better time where manufacturers are seeking innovative ways to boost their profit margins while also reducing their cost of operations.”

Also commenting, Funsho Falade, a professor at the University of Lagos, who is also a member of the Additive Manufacturing Group, stressed the need for partnership between Nigeria and Germany to advance the development of Additive Manufacturing in Nigeria.

“Our African youths with their intellect can easily acquire the ‘new thinking’ required by this technology as knowledge of any past manufacturing technologies is not a prerequisite.

"Furthermore, Additive Manufacturing technology, being software and design-driven, allows for innovation and creativity in developing a large variety of parts and products,” he said.

 

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