Research institutes have been mandated to commercialize their findings, to generate revenue for the country.
Minister of Science and Technology, Dr Ogbonnaya Onu said this to journalists at the office of the Vice President, after the 2nd meeting of the National Research and Innovation Council.
Dr Ogbonnaya Onu said the ministry directed the research institutes to commercialize their research work in order to be of immense benefit to both the society and government.
“We have mandated research institutes under the supervision of the Federal Ministry of Science and Technology to pursue vigorously, the commercialization of research findings because we know that if research findings are not commercialized, they will not be of direct benefit to our people and we want to make sure that we make very important contributions in the area of job creation, wealth creation and poverty reduction and you can only do so if research findings are commercialized,” he explained.
He said a lot of progress has been made in collaboration with some private organizations with the country.
“We’ve made some progress between the ministry and a company, NASCO foods, with our high density nutrient biscuits and we are also discussing with other companies that will soon commercialize a number of our research findings,” the Science Minister said.
The Minister announced that outside the shores of the country, Nigeria is into partnership with India, to enhance food security.
“India is a nuclear power; India is a space power and has a lot of capabilities in so many areas of technology. Therefore, Nigeria cooperating with India in the area of Science and Technology can be very helpful. Food security is of tremendous importance to our nation. India has done so well in being able to feed her citizens so they can also help us in that regard,” he said.
The National Research and Innovation Council, chaired by the Vice President, Yemi Osinbajo., has a mandate of advancing Science and Technology in the country.