Why FG must restrict export of solid minerals — MMNL boss

News Express |21st Oct 2023 | 131
Why FG must restrict export of solid minerals — MMNL boss




As Nigeria grapples to manage its mineral resources for national development, Metal Manufacturing Nigeria Limited, MMNL, has called for stricter export regulations within the country with respect to export Solid Minerals in raw form.

This is came even as StarPlus, a flagship brand of MMNL, received three awards at the annual Economic Community of West African States, ECOWAS manufacturing excellence and ECOWAS energy awards recently in Lagos.

The Nigerias indigenous tubular battery company was awarded the 2023 ECOWAS Inverter Battery Manufacturing Company of the Year, ECOWAS Inverter Battery Company of the Year, and ECOWAS Renewable Company of the Year.

Commenting on the awards, MMNL Chief Executive Officer, Mr. Amit Kumar Saraf said: It was a rave of accolades as we won these awards.

We are the first and only designed and made in Nigeria Tubular Battery brand. StarPlus is also expanding its footprint to the ECOWAS nations making the citizens proud.

He lamented the proliferation of solid minerals for export, stressing that the development is denying Nigeria huge capital.

He said: We are producing battery with 95 percent local Input, thereby creating thousands of direct and indirect employment opportunities, contributing to the countrys economy and saving the valuable foreign exchange reserve.

The rampant export of solid mineral likelead ore and lead Ingots which is basic raw material are really affecting the nations economy. The federal government needs to restrict export of these solid minerals.

CFO of the Company Mr. Vikash Kumar further explained that Company has huge expansion plans with a Vision to enable Nigeria become net exporter of Battery from 100% importer.

With current level of Operations company has already been able to reduce 20% to 30% of Importation of Tubular Battery in Nigeria.

Expansion plans of the company includes, Backward integration to mine and process Lead Ore, Manufacture of plastic components of the battery, Manufacture of chemicals used in the battery manufacture.

He explained few of the key challenges include lack of long-term funding for such projects and regulations as explained by our CEO, but he stressed that company has history of overcoming all challenges. Therefore, we are confident of achieving our Vision.

On his part, the head Sales and Strategy, StarPlus, Mr. Ramesh Sharma said: As a prominent player in the manufacturing sector and being a tubular battery manufacturing industry; the awards are a testament to our revolutionary work and our leadership, particularly in the areas of quality of product, energy needs, innovation, and investment in the development of infrastructure to create shared value for our stakeholders and communities.

The annual award Is aimed at celebrating outstanding individuals and organisations in the manufacturing industry that have demonstrated innovation excellence across their operations and have made remarkable contributions to the growth of the local economy. (Saturday Vanguard)

From Left: Ms Jaon Amanze Promotion Manager, Mr Sandeep Yadav Product Manager, Superspeed Battery, Mr Pandaj Yadav Product Manager Starplus Battery, Mr Vikash Kumar Chief Finance Officer, Metal Manufacturer Nigeria Limited, MMNL,, Mr Ramesh Kumar Head Sales & Marketing, MMNL, Mr Hiren Parikh Marketing Manager, MMNL, during the annual Economic Community of West African States, ECOWAS manufacturing excellence and ECOWAS energy awards recently in Lagos.

Comments

Post Comment

Better together: 80 years and more for peace, development,  and human rights

Better together: 80 years and more for peace, development, and human rights

Kano-Maradi rail to reach Katsina by December, completion for March 2027 – FG

Kano-Maradi rail to reach Katsina by December, completion for March 2027 – FG

Naira hits 15-month high at black market amid low demand

Naira hits 15-month high at black market amid low demand

Expectations of subjects as Oba Ladoja ascends throne as 44th Olubadan

Expectations of subjects as Oba Ladoja ascends throne as 44th Olubadan

LASG gives 18-month deadline for Computer Village relocation

LASG gives 18-month deadline for Computer Village relocation

Trump staffer leaving White House in highest-profile exit yet of second term

Trump staffer leaving White House in highest-profile exit yet of second term

Born in India, but not Indian: 'Stateless' man fights for citizenship

Born in India, but not Indian: 'Stateless' man fights for citizenship

Dangote Refinery: Think before advising us, oil marketers reply Otedola

Dangote Refinery: Think before advising us, oil marketers reply Otedola

British boss found to be working remotely from Egypt was unfairly sacked, tribunal rules

British boss found to be working remotely from Egypt was unfairly sacked, tribunal rules

I was kicked out of Super Eagles for not passing ball to Yekini – Siasia opens up

I was kicked out of Super Eagles for not passing ball to Yekini – Siasia opens up

Septuagenarian seeks Lagos Govt’s, CJN’s assistance over forceful eviction

Septuagenarian seeks Lagos Govt’s, CJN’s assistance over forceful eviction

Pep Guardiola hits back at critics of Man City's playing style - as he laughs off Jose Mourinho 'bus-parking' claims

Pep Guardiola hits back at critics of Man City's playing style - as he laughs off Jose Mourinho 'bus-parking' claims

TikTok’s CEO used to work for Mark Zuckerberg as a Facebook intern. Just one decade later, he’s become one of Meta’s fiercest competitors

TikTok’s CEO used to work for Mark Zuckerberg as a Facebook intern. Just one decade later, he’s become one of Meta’s fiercest competitors

Rihanna welcomes third child with A$AP Rocky

Rihanna welcomes third child with A$AP Rocky

Drones close a Denmark airport for a second time in a week

Drones close a Denmark airport for a second time in a week

Eberechi Eze scored his first goal for Arsenal as they beat League One side Port Vale to reach the Carabao Cup fourth round.

Eberechi Eze scored his first goal for Arsenal as they beat League One side Port Vale to reach the Carabao Cup fourth round.

Trump demands inquiry over UN 'triple sabotage' after escalator and teleprompter mishaps

Trump demands inquiry over UN 'triple sabotage' after escalator and teleprompter mishaps

Colombia's president calls US attacks on alleged drug boats 'act of tyranny'

Colombia's president calls US attacks on alleged drug boats 'act of tyranny'

Malawi’s President Chakwera concedes election defeat to predecessor Mutharika

Malawi’s President Chakwera concedes election defeat to predecessor Mutharika

Jorge Jesus explains why he left Cristiano Ronaldo on bench during Al-Nassr's thumping King Cup of Champions win over Jeddah as Joao Felix takes spotlight again

Jorge Jesus explains why he left Cristiano Ronaldo on bench during Al-Nassr's thumping King Cup of Champions win over Jeddah as Joao Felix takes spotlight again

Thursday, September 25, 2025 12:25 PM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025