THE WHAT? Nigeria has cut the ribbon on its first castor oil manufacturing firm, according to a report published by The Nation.
THE DETAILS Agape Great, as the company has been named, is aiming to not only save Nigeria the US$150 million it spends on importing castor oil and its derivates every year but also stimulate the several sectors of the economy reliant on the raw material, including the cosmetics industry.
The Raw Material Research & Development Council has bought farmers in the south west of the country on board and supplied them with high quality seeds to cultivate.
THE WHY? Relying less on imports will not only shore up the country’s supply chain but also boost the local economy and attract investment. Alhaji Lawan Ali, President, Castor Oil Growers, Processors & Marketers Association, said, per The Nation, “The level of importation of cosmetics is high, with this factory they will not need to import as local manufacturers will have access to the primary raw material needed for manufacturing.”
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Key categories of aesthetic medicine products include:
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Injectables: This category includes products such as dermal fillers, botulinum toxins (e.g., Botox), and collagen stimulators. These injectables are used to smooth wrinkles, add volume, and improve facial contours.
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Hair Restoration Products: Medical treatments and products designed to promote hair growth and treat conditions such as male and female pattern baldness.
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Cosmeceuticals: High-performance skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing potent ingredients with proven clinical benefits.
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Wound Care and Scar Management: Products like silicone sheets, gels, and advanced wound dressings used to improve healing and reduce the appearance of scars.
