FG renames Department of Science and Technology to ‘catalyze economic growth’ – Channels Television
The federal government has renamed the Federal Ministry of Science and Technology into the Federal Ministry of Science, Technology and Innovation.
Addressing a press conference in Abuja on Friday, the minister in charge, Dr Ogbonnaya Onu, explained that the name change was intended to reposition the ministry to drive the innovation agenda and catalyze the country’s economic growth.
“This name change will help meet the needs of other sectors of the Nigerian economy and all stakeholders, supporting the generation and application of knowledge and innovations to address socio-economic challenges, as well as by providing a political and funding environment that will establish the National Innovation System (NSI), ”he said in a statement from ministry spokesperson Joséphine Ademu.
When repositioning the ministry, Onu described science, technology and innovation as the engine that would lead Nigeria on the path to success, prosperity, self-reliance and greatness.
He said the repositioning of the ministry would lead to demand-driven research and development from industry and services.
The minister hoped this would lead to rapid commercialization and ultimately improve the country’s competitiveness ranking.
To bring Nigeria to the desired level of global competitiveness, he believes science, technology and innovation will help accelerate a demand-driven, knowledge-based economy.
“When we are successful, it will lead to breakthroughs in research and development and inventions that could be commercialized.
“With the right policy and legal framework to protect intellectual property, we can effectively promote commercialization in all business sectors of the value chain for the supply of raw materials, goods and services,” said UN.
He listed the benefits of renaming and repositioning the ministry to include irreversible indigenous industrialization, a platform for higher productivity, job creation and the generation of quality jobs in the economy, and a significant level of poverty reduction.