At the first meeting of the National Research and Innocation Council, (NIRC) headed by the Minister of Science and Technology, Dr Ogbonnaya Onu, President Muhammadu Buhari says Nigeria would have to invest in science and technology in 2016 if she is to join the leading economies in the modern world.
He also said that Nigeria’s vision of becoming one of the largest economies in the world by the year 2020 would only be attainable when science, technology and innovation are fully integrated into our nation’s socio-economic development process.
According to President Buhari, the integration would follow be fast tracked with the coming on board of the NIRC. Nigeria as a nation would also invest appropriately in science, technology and innovation in order to guarantee her competitiveness both continentally and globally.
He assured the council headed by the Minister of Science and Technology, Dr Ogbonnaya Onu, of his determination and commitment to ensure that as a nation, Nigeria will invest appropriately in science, technology and innovation in order to guarantee competitiveness both continentally and globally.
In the president’s words, the creation of good jobs and effectual crime fighting can be best achieved if science and technology is embraced.
Speaking before the council, President Buhari said he hoped Nigeria’s science research and innovation output should be measure in terms of intellectual property such as patents granted and not only by published articles.
Nigerian startups raised $17.6m in Q1 2019, 8.5% higher than they did in Q1 2018. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.