Federal Government to save N43 trillion from importation

Federal Government to save N43 trillion from importation

by Joseph Anthony
128 views

The Federal Government has disclosed that it would be saving about N43 trillion in five years, from the importation of raw materials.

Minister of Science and Technology Dr, Ogbonnaya Onu made the revelation at the weekend in Lagos at the interactive session on the National Science, Technology and Innovation Roadmap (2017-2030) with staff of the agencies of the Ministry in the South West geopolitical zone held at the Federal Institute of Industrial Research (FIIRO).

Deputy Director Press AbdulGaniyu Aminu in a press statement stated that Dr Onu revealed that the ministry is embarking on a silent revolution.

He stated, โ€œThe Federal Ministry of Science and Technology has put in place a mechanism that would save Nigeria about N43 trillion in five years from the importation of raw materials

โ€œThe Minister of Science and Technology, Dr, Ogbonnaya Onu disclosed that the ministry is embarking on silent revolution that will put Nigeria in a position to create jobs and fight poverty, adding that the big countries in the world do not have natural resources but her endowed with knowledge-economy.

โ€œThe revolution, he added, would also ensure that Nigeria utilised her resources and intellectual capacity to add value to our Gross Domestic Products (GDP).

โ€œHe said that the Ministry had already identified those raw materials and products that Nigeria can produce and also provide guidelines involving programmes and designs to ensure that Nigerians processionals are given preference in execution of contracts in Nigeria.

โ€œAccording to Dr.Onu, in the next 20 years we want Nigeria Firms to compete with Americans firms for jobs, adding that the interest of Nigeria must first be considered above that of any  expatriate.

โ€œThe Minister appealed to members of Academic Union of Research Institutes (ASURI) to reconsider their on-going strike action while urging them to educate their members about the Road Map.

โ€œWe are committed to making sure that the welfare of our workers is given top priority in the Ministryโ€ he added

โ€œWe are working to form a policy framework that will move our country from resource-based to Knowledge-based innovation driven economy where professionals can help to create jobsโ€  the Minister added.

โ€œDr.Onu further said that more two hundred organised private and manufacturing sectors were fully involved in the preparation and final drafting of the National Strategy for Competitiveness in Raw materials which made it all-inclusive.

โ€œEarlier, in his opening remark, the Director of Science and Technology Promotion, in the Ministry, Mr Ekanem Udo said that the Roadmap will stimulate Researchactivities and ensure the commercialization of research results for economic development.

โ€œAccording to him, it is also intended to provide a long-term science and Technology Framework as well as facilitate the creation of knowledge while creating the platform to change the mindset of Nigerians to Science and Technology.

โ€œIn her remarks, the Director-General, Federal Institute of Industrial Research, Professor Gloria Elemo said that the institute is 75% ready to face the assignment as contained  in the Roadmap.โ€

You may also like

Leave a Comment

Chijos News is an independent online publication that provides readers with the latest breaking Nigerian news, world news, entertainment, sports, business, and many more.

@2024 – Chijosnews.com. All Rights Reserved.

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00