The Federal Government has approved the change of name of Federal Ministry of Science and Technology to the Federal Ministry of Science, Technology and Innovation. The name change is to reposition the Ministry to drive the innovation agenda and catalyse Nigeria’s economic growth.
The name change was announced on Friday, by the Minister of Science, Technology and Innovation, Dr. Ogbonnaya Onu at a world press conference in Abuja.
According to the minister, “ This change of name will help meet the needs of other sectors of the Nigerian economy and all stakeholders, by supporting the generation and application of knowledge and innovation to solve socio-economic challenges, as well as providing a policy and funding environment that will establish the National System of Innovation (NSI).”
On repositioning the Ministry, Dr. Onu stated that Science, Technology and Innovation (STI) is the engine that will drive Nigeria on the road to success, prosperity, self-reliance and greatness.
He further said that the repositioning of the Ministry will result in Research and Development (R&D) that is industry and services demand driven, adding that it would lead to rapid commercialisation and ultimately improve Nigeria’s competitiveness ranking.
Dr. Onu said that to move Nigeria to its desired global competitiveness level, STI will help accelerate a demand-driven, knowledge-based economy.
On promoting commercialisation of R&D results, he said; “when we succeed, it will lead to R&D breakthroughs and inventions that could be commercialised. With the right policy and legal framework to protect intellectual property, we can effectively promote commercialization in all activity sectors in the value chain for supply of raw materials, goods and services”.
The benefits of the name change and repositioning of the Ministry he added, include;
Ø Irreversible indigenous industrialisation
Ø Platform for higher productivity
Ø Job creation and quality employment generation in the economy.
Ø Significant level of poverty alleviation
Dr David Ejiofor To understand why Nigeria’s Minister of health Prof Muhammad Ali Pate has…
British Prime Minister Keir Starmer announced his resignation on Monday after fewer than two years…
Hanny Henry Residents of Adamawa State are set to enjoy cheaper and more sustainable transportation…
Iorfa Akpen After years of silence, BIPC walked into Taraku Mills on Friday June 19,…
- As NDLEA intercepts illicit consignment from China, Dubai-bound Loud concealed in ladies’ bags;…
This website uses cookies.