African Countries Banned the Export of Raw Materials

The ongoing debate regarding the development of African nations at an appropriate and sustainable pace has been a recurring topic of discussion. A key aspect of this development involves transitioning from the unnecessary export of raw materials to embracing the export of finished goods. A notable case in point is Nigeria, a country blessed with abundant reserves of crude oil but has predominantly imported refined oil products due to the lack of a working refinery, among many other hindrances. However, this paradigm is undergoing a significant shift, primarily due to the emergence of the Dangote refinery, which promises to refine Nigeria’s crude oil domestically. The trend of African countries rejecting neo-colonial economic strategies is unmistakable in current times. Ghana, for instance, has taken bold steps to assert its economic sovereignty. In July, Ghana’s cabinet made the pivotal decision to prohibit the export of unprocessed minerals, with a particular focus on resources like lithium. Similarly, Zimbabwe implemented restrictions on the export of unprocessed lithium. This move is part of a broader regional trend, as various African nations have either significantly reduced or entirely banned the export of certain raw materials. This channel focuses on black culture in Africa and every other place where black people can be found. Highlighting the great deeds of black people through history, from heroes to heroines, legends, and events.