Follow Us on Google
From Charity Nwakaudu, Abuja
The Minister, Federal Ministry of Science, Technology and Innovation (STI), Dr (Sen) Olorunnimbe Mamora, has said that Science, Technology and Innovation are the foundation and propelling force for the industrial leadership of nations and business entities as well as economic success on the global map.
Speaking today at the 7th Edition of the Science, Technology and Innovation Expo 2023, held at the Eagles Square in Abuja, Mamora said that countries that have made significant progress towards sustainable economic development, owe their success to significant investments in STI, which ensures an uninterrupted increase in productivity and possibility of equitable and sustainable industrial development.
He said that the gathering of Scientists, Researchers, Inventors, Innovators, Investors Entrepreneurs, and citizens of Nigeria, would provide the opportunity to set the path of economic greatness in the country.
He stressed out that the importance of STI all over the world cannot be overstated, saying that it is based on this premise that the choice of the theme of this year’s expo, “Actualising Effective Diversification of Nigeria Economy through Science, Technology and Innovation” was hinged.
The Science Minister noted that over the years, Nigeria as a Country has shown signs of great future with the utilization of Science, Technology and Innovation as the catalyst for development of its abundant natural and human resources.
This however, he said must be supported by a conducive working environment that encourages the application of the skills acquired through STI.
Using the experiences of Japan and a few other South East Asian nations, Mamora they are very instructive in this regard, as they dedicate huge investments to the R&D sector of their economies, and the resultant effect could be been seen in their economic growth and development in the world today.
He explained that, “it is noteworthy that the President Muhammadu Buhari-led administration recently approved the 2022 Revised Science, Technology and Innovation Policy. This Policy when fully implemented, has the power to completely transform the Nigerian STI ecosystem, as it provides the appropriate channel for the fundamental re-orientation of Nigerians as well as a pathway for the socioeconomic development that will usher Nigeria to its rightful place among the comity of nations.
“It should be noted that Mr. President also in year 2022 launched the first and only Nigeria Science, Technology and Innovation Television (ScienceTV@NG). The ScienceTV@NG is the first of its kind in Nigeria and is expected to sensitize the general public and governments at all levels and their Agencies on the role and importance of Science and Technology and its impact on all other sectors of the economy; as no sector will survive independently without the application of Science and Technology in the running of their day to day activities.
“As part of the Federal Government’s resolve to effectively deploy STI in the diversification of the nation’s economy, the current administration at the Techno Expo 2021, declared that a minimum of 0.5% of the nation’s GDP would be dedicated to Research and Development that would guarantee improved productivity and sustainable industrial development of Nigeria. This is a great landmark achievement for Nigeria’s STI Ecosystem. Major stakeholders have since commenced work on strategies for attaining the implementation of 0.5 percent of the Gross Domestic Product (GDP) for improved R&D in the country towards meeting industrial and economic demands.”
The Minister also thanked President Muhammadu Buhari for accepting to declare open this Science, Technology and Innovation Expo, 2023 and for his remarkable efforts in promoting Science, Technology and Innovation (STI) as the major instrument for our economic diversification geared towards sustainable national socio-economic development.
Also the Minister of State Ministry of Science, Technology and Innovation, Chief Henry Ikechukwu Ikoh, stated that government cannot do all to develop a nation, as it needs the support of its citizens, their hard work, creativity and collaboration to grow the country.
Ikoh assured that government has always put in to consideration ways to ease the burden of Research and Development to enable growth of the sector and country.
He also commended the tireless efforts of Management and staff of the Federal Ministry of Science, Technology and Innovation, and the Planning Committee for putting together the Expo.
