Connect with us

Business

Nigerian govt claims it’s silent revolution will help save the country N43trn

Published

on

The Ministry of Science and Technology has stated that with its quiet, strategic effort towards developing local capacity for sufficient supply of raw materials and discouraging importation, Nigeria will be able to save about N43 trillion in five years.

The Minister of Science and Technology, Dr Ogbonnaya Onu, was quoted as making the disclosure in a statement by the Deputy Director, Press, Ministry of Science and Technology, in Abuja,  AbdulGaniyu Aminu.

According to the statement, Onu was speaking during an interactive session on the National Science, Technology and Innovation Roadmap (2017 to 2030) at the Federal Institute of Industrial Research, Oshodi, Lagos, recently.

Read also: Uncertainty over 2018 budget as Senate yet to release timetable for defence by MDAs

He said that the quiet revolution would ensure that Nigeria utilised its resources and intellectual capacity to add value to the nation’s Gross Domestic Product (GDP).

“The ministry has already identified those raw materials and products that Nigeria can produce and is providing guidelines on programmes and designs to ensure that Nigerian professionals are given preference in the execution of contracts.

“In the next 20 years, we want Nigerian firms to compete with American firms for jobs as the interest of Nigeria will first be considered above that of any expatriate,“ he said.

 

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now