For Nigeria's burgeoning tech-savvy youths and entrepreneurs, a new dawn propelled by the transformative and limitless power of innovation, science and
For Nigeria’s burgeoning tech-savvy youths and entrepreneurs, a new dawn propelled by the transformative and limitless power of innovation, science and technology beckons. This is on the strength of the implementation of the Presidential Executive Order No. 5, which is a local content policy designed to drive innovation, promote science and technology and, ultimately, catalyse economic diversification to create jobs and reduce poverty.
An inward-looking policy strategy, the Presidential Executive Order No. 5 was geared towards achieving self-reliance and self-sufficiency through local content development. It was signed in 2018 by former President Muhammadu Buhari, but the policy now enjoys full backing and implementation by the Tinubu-led administration.
Nnaji said, for instance, that Nigeria boasts bountiful human and material resources, noting that Nigeria’s predominantly youthful population is not only the largest in Africa but also ranks among the largest globally. The Minister, who also said geographically, Nigeria stands at Africa’s heart, however, regretted that despite these assets, youth unemployment remains a massive challenge.
It was also learnt that as part of the broader strategy, various policies and programmes are already in place and have reached advanced stages of finalisation. One of them is the National Strategy for Competitiveness in Raw Materials and Products Development, to facilitate the shift from an oil and gas-dependent economy to harnessing the diverse raw materials and other resources for high-quality Made-in-Nigeria products for local consumption and export.
“These centres aim to transition Nigeria from a resource-based to a knowledge economy,” the Minister explained, adding that another programme, the Methanol Fuel Technology Programme, seeks to revolutionalise the methanol economy by harnessing the vast potential of methanol as a clean and sustainable energy source and position the nation as a leader in Africa’s energy transition.
At the Skillupimo Cohort 2 graduation held at the Dan Anyiam Stadium, in Owerri, the Imo State capital, on September 27, 2023, Nnaji charged them to continue their journey toward learning and innovation. “The digital world is ever-evolving, and your ability to adapt and innovate is your greatest asset,” he said.
The Federal Government renamed the Federal Ministry of Science and Technology to Federal Ministry of Innovation, Science and Technology. That was on August 6, 2021. And the name change, according to the former minister in charge, Dr. Ogbonnaya Onu, was to reposition the ministry to drive innovation agenda and catalyse Nigeria’s economic growth.
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