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INNOVATION, SCIENCE AND TECHNOLOGY KEY TO ECONOMIC ADVANCEMENT -Nnaji

INNOVATION, SCIENCE AND TECHNOLOGY KEY TO ECONOMIC ADVANCEMENT -Nnaji

 

The Hon. Minister of Innovation, Science and Technology, Chief Uche Geoffery Nnaji said that President Bola Ahmed Tinubu’s Administration is committed to solving Nigerian Problems through Innovation Science and Technology.
Nnaji said this while briefing the Press on the implementation of Presidential Executive Order N0. 5, today in Abuja.
According to the Minister, Presidential Executive Order No. 5 is a visionary and transformative policy designed to drive innovation, promote science and technology, economic diversification, technological advancement of the nation and to promote domestic and foreign investments. The Minister further stated that our country is endowed with human and unexplored Natural resources which made it stand out as the heart of Africa.
He expressed dissatisfaction that despite the country’s rich endowment in natural resources, youth unemployment remains a massive challenge as the country constantly export domestic jobs by importing products that can be produced locally.
In the same vein, the Minister stated that the Presidential Executive Order N0. 5 seeks to boost local production and ensure that Nigerians rely less on importation of goods.
Presidential Executive Order No. 5 he said is committed to solving Nigeria’s problems through Innovation, Science and Technology thereby creating a conducive environment to nurture the innovative spirit of our youths and entrepreneurs.
The Minister also maintained that the Executive Order N0.5 will tackle the bottleneck mitigating against manufacturing sector in Nigeria, adding that improved power supply, locally fabricated machines, and local technologies if well harnessed will increase export and boost Gross Domestic Products (GDP).
Earlier, the Permanent Secretary of the Ministry, Mr. James Sule, said that the Ministry will continue to collaborate with other Ministries, Agencies and Media towards the implementation of Executive Order No. 5.

Signed:
Atuora Obed O.
DD(P&PR)
6th October, 2023