President Muhammadu Buhari has assured Nigerians of the Federal Government’s commitment to ensuring STI is used to drive economic growth and development.
The Federal Government will henceforth allocate at least 0.5 percent of the Nation’s GDP to research and development as a means of fast tracking meaningful developments.
This was disclosed by President Muhammadu Buhari who was represented by his Chief of Staff, Professor Ibrahim Gambari at the opening ceremony of seventh edition of STI expo 2023 in Abuja.
Over the years Nigeria’s reliance on oil and gas sector drive growth by, has resulted in her relegating other sectors and developing a mono-economy.
The STI sector has particularly suffered as successive administrations have paid little or no attention to it. This continued until the Buhari Administration came into power in 2015, which h coincided with a drastic drop in oil prices globally.
Diversification of the Nation’s resources for economic growth became the focus of this administration in order to ensure a sustainable future . And one of the ways Ministry of Science and Technology Innovation hopes to achieve this is through this expo which showcase the works of researchers and innovators, including the latest inventions in order to attract investors and funding from both private and public sectors .
At this year’s opening ceremony, President Muhammadu Buhari is represented by his Chief of Staff Ibrahim Gambari
He discloses that Federal Government will dedicate 0.5 percent of the Nation’s GDP to research and development, in order to fast track meaningful development.
The Ministry’s supervising ministers urge researchers and innovators to work hard and be more creative as they have the Ministry’s support to ease their burden on research.
Students who won the STI competition across the country were given awards and scholarships to tertiary institutions and PhD levels. Other students were encouraged to work hard and never give up on their dreams .
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