Nigeria’s Minister of Innovation Science and Technology has said that the Ministry’s Innovation Science and Technology STI EXPO will expose investors to commercialise research results, inventions, and innovations in the country.
He said this in Abuja Nigeria’s capital when he briefed Journalists ahead of the forthcoming Science Technology and Innovation Expo 2024.
The Minister noted that most of the research outcomes capable of transforming Nigeria to a technologically developed nation are unfortunate to not being translated fully into essential goods and services.
“It is sad to note that most of the research outcomes that otherwise would have catapulted Nigeria to a technologically developed nation are unfortunately not being translated fully into essential goods and services. This Expo aims to ensure the proper exposure of our investors to our commercializable research results, inventions, and innovations. Let me emphasize that there are profitable investment opportunities in the various research outcomes to make any enterprise worthwhile,” he said.
Nnaji therefore called on Nigerian Techpreneurs in the Organized Private Sector to be patriotic and look inward by partnering with the Ministry in developing the Science, Technology and Innovation outcomes for the nation’s socio-economic development.
The Minister further said that the initiatives are pivotal in advancing the “Made in Nigeria” agenda, fueled by indigenous inventions and innovations showcased during the event.
“The primary objective of this event is to unite innovators, inventors, research institutions, universities, federal and sub-national ministries, departments, agencies (MDAs), polytechnics, industries, stakeholders in the organized private sector, the international community, Nigerians in the diaspora, and others.
“This collective effort aims to promote locally made goods and services, which will reduce the high cost of importation, enhance revenue generation, create I employment opportunities, and improve our country’s standard of living,” he said.
Nnaji stressed that the expo envisioned the Renewed Hope Agenda of President Bola Tinubu to transform the nation’s economy.
“This transformation gains roots when we successfully reverse our unenviable situation of a highly foreign technology-consuming country, not only by encouraging research, development and innovation but, most importantly, through continuous publicity and commercialization of research outcomes.”
The 2024 Science, Technology and Innovation STIEXPO with the theme “STI: Solution to National Economic Challenges” is scheduled to be held from the 11th- 15th of March 2024 at Eagle Square, Abuja Nigeria.
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