Sunday, April 2, 2023
HomeWorld NewsNigeria NewsNigeria news : President Muhammadu Buhari reveals plans to lift 100 million...

Nigeria news : President Muhammadu Buhari reveals plans to lift 100 million Nigerians out of poverty

Ogbonnaya Onu

The Federal Ministry of Science and Technology is working on plans to create the desired platform for the actualization of President Muhammadu Buhari’s quest of lifting 100 million Nigerians out of poverty in the next 10 years.

Dr. Ogbonnaya Onu, the Minister said this in Abuja at the inauguration of a Technical Committee for boosting commercialization of the ministry’s research products to fast-track the actualization of Nigeria’s dream of becoming a self-reliant nation, NAN reports.

He said that the benefits of research could only be harvested when it is fully commercialized, adding that the ministry will collaborate with the organized private sector in that regard.

Onu said that the Ministry would strive hard to use its research outputs as a catalyst for realizing the government’s plans of lifting 100 million Nigerians out of poverty.

He said that research products from the 17 agencies under the ministry covered all sectors of the economy and that the ministry was well positioned to turn around the economy.

President Muhammadu Buhari

According to him, the commercialization of research outputs is important for economic growth as more goods will be produced locally.

He added that part of the expected benefits of research outputs included food sufficiency and surplus for exports, leading to a significant reduction in imports from other countries.

Onu said that the commercialization of research outputs would create more opportunities for Nigerians as well as reduce the employment deficit in the country.

More Related Articles

Sign up to receive awesome contents in your inbox, everyday in the morning.

Select Your Interest:

We don’t spam! Read our privacy policy for more info.


Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

7 Days Trending

We use cookies to ensure that we give you the best experience on our website.