Nigeria’s Federal Ministry of Science and Technology has been renamed the Ministry of Science, Technology and Innovation in a move to refocus attention to research and development that is industry and services’ demand-driven.
The minister, Dr Ogbonnaya Onu, who disclosed this during a press briefing on Friday in Abuja aid the name change would engender a shift in focus that would help Nigeria achieve a significant measure of poverty alleviation by causing a rapid shift to commercialization that would ultimately improved global competitiveness ranking of Nigeria.
He said this development will enable the reviewing of legal and policy frameworks as backup for institutional and organisational arrangements, effective coordination of the National Science and Innovation in the country.
He noted that there had been a missing link with statutory responsibility of the ministry and the change of name would address it.
“When we succeed in achieving this, it will lead us to R&D breakthroughs and inventions that are commercialisable. With the right policy and legal framework to protect intellectual property rights, we can effectively promote commercialization in all activity sectors in the value chain for supply of raw materials, goods and services,” he said.
The minister stated that the rebranding will generate irreversible indigenous industrialization, an adequate platform for higher productivity, improvement in value added components of the economy and job creation.