Nigeria: FG urges private sector to invest in commercialisation of research results

WorldStage NewsOnline—-The Federal Government has urged the organised private sector to invest more in the commercialisation of research findings to advance national development.

Minister of Science and Technology, Dr Ogbonnaya Onu made the call on Tuesday in Abuja when he launched the administrative building of Sheda Science and Technology Complex (SHESTCO).

The minister said the step would reduce poverty, create more jobs and  generate wealth.

According to him, the ministry and its 17 agencies will only concentrate on research and allow private investors to take over the commercialisation of research  results.

“We cannot be doing the research and also at the same time be dealing with commercialisation; it will be very difficult.

“ So, we call on organised private sector to come in and take interest in the numerous research findings and various important research findings that are going on in our research institutes all over the country.

“This is because we are now targeting our research to solve our major national problems. The essence of research and innovation should be to improve the standard of living of our people,’’ he said.

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