The Minister of Innovation of Science and Technology, alongside other Southwestern governors, have thrown their weight behind the National Board for Technology Incubation following the launch of the NBTI Expo.
The event, themed “Elevating Nigeria’s Research and Development Outputs through Technology Incubation Programme,” was held in Lagos on Thursday, and played host to high-profile government functionaries and key stakeholders in the private sector.
In his address, the Minister of Innovation, Science and Technology, Uche Nnaji, represented by Prof Nnayereugo Ike noted that research and development are the cornerstones of progress and prosperity.
According to him, Nigeria possesses immense potential, a wealth of talent, and a deep reservoir of creativity.
He said, “Research and development are the engines that drive technological advancements, economic growth, and a higher quality of life for our citizens. In recognising the importance of research and development, we acknowledge that the future belongs to those who invest in knowledge, innovation, and technology.”
Speaking through his commissioner for Industry, Trade and Investment, Folashade Ambrose-Medem, Governor Sanwo-Olu of Lagos State noted that technology incubation is critical to helping Lagos State benefit from the African Continental Free Trade Area.
He also expressed optimism that the Expo would help foster innovation and research that would engender cutting-edge technological advancements.
He said, “The theme of the Expo is timely and apt. It speaks to the challenges that confront us as a nation. We practically import everything and rarely produce anything because of our inability to incorporate research and development into our production processes.”
Representing the government of Ogun State, Kehinde Olukayode said the Expo would unlock opportunities for entrepreneurs.
In her welcome address, the Director-General of the National Board for Technology Incubation, Patricia Chukwu stated that the path to sustainable development hinges on partnerships that enable the commercialisation of research and development outcomes while harnessing the vast indigenous talent within our Country.
She said, “Nigeria, with its abundant human resources and natural wealth, possesses the potential to become a technological force not only in Africa but also on the global stage.”
“The key to unlocking this immense potential lies in our ability to transform research and development findings into viable commercial products and services. This is where the National Board for Technology Incubation assumes a pivotal role.”
The Southwest coordinator of the NBTI, Julie Momah described the event as a platform that would help advance the frontiers of technological advancement in the country.