STI Deployment’ll Strengthen Nigeria’s Financial Policies – FG

By Dwelleth Morountodun

The Minister of State for Science, Technology and Innovation, Chief Henry Ikechukwu Ikoh, has said that STI deployment will strengthen financial, fiscal and monetary policies in Nigeria.

Ikoh, said this at the opening ceremony of the South-east zonal dialogue between government and stakeholders in the Science, Technology and Innovation (STI) ecosystem for global competitiveness and productivity in Enugu State over the weekend.

The Minister stated that the world is moving STI based economy, stressing that any financial policy that is not in line with STI driven will surely fail.

He said that the dialogue was a key strategy for the full implementation of the Presidential Executive Order NO.5 which is aimed at placing Nigerian Service Providers, Farmers, Manufacturers, Youth, Women and other National Stakeholders at the centre of the Nigerian Economy.

The Minister pointed out that the dialogue is key to the establishment and implementation of the Technology and Innovation Centres for Global Competitiveness.

The dialogue, he added, will further serve as an avenue for the Promotion of Technology Utilization, Strengthening of Technology Management and Information Systems.

According to him: “As a result of this Executive Order NO.5, the Federal Ministry of Science, Technology and Innovation is charged in section 5, with the responsibility to establish Technology and Innovation Centres to utilize and strengthen the Technology Management capability and Information systems, within the respective geo-political zones to publicize and promote Nigeria’s drive towards productivity and global competitiveness at the zonal levels.”

On the merits of the dialogue, he further explained that the dialogue ” is aimed at establishing a framework for consultation, sharing experience, information and practices as well creation of a conducive environment for interaction among Scientists, Researchers and Inventors working on projects in different geopolitical zones of the country and internationally.

The Centre will also   serve as medium for presentation and analysis of research findings and results for possible patenting and commercialization.”

 He stated that Nigeria will achieve her diversification  of the economy in line with  the theme of the Dialogue  “Achieving Nigeria’s Competitiveness and  Improved  Foreign Exchange Earnings through Science , Technology and Innovation”  is intended to  enable stakeholders  produce an effective and efficient  National  Strategy document  to support the Monetary policies, Fiscal Policies as well as trade policies of government for a better and improved economy.

Ikoh, stated that the   dialogue and Presidential Executive Order NO.5 will ensure favourable repositioning of Nigeria socio-economic status among comity of nations, and then called on Nigerians to support the Implementation of Executive Order NO.5.

Earlier, the National  Coordinator, Strategy Implementation  Task Office  for  Presidential  Executive  Order NO.5, Engr. Ibiam Oguejiofor, reiterated the utmost importance  of  STI to the socio-economic  development  of the Country vis avis the transformation from consumption to production based economy. He further stated that the sensitization across the six geopolitical zones is an opportunity for Nigeria to change its narrative, do things differently and achieve greater results.

Speaking, the chairman Senate Committee  on Science, Technology  and Innovation, Senator  Uche Ekwunife, represented by Enugu State Commissioner for Science  and Technology, Sir Obi Kama, acknowledged  the timing  of the zonal dialogue  as apt especially  as the Country   is transiting from resource  to knowledge  based economy.

She urged the South Eastern States to key into this opportunity for global Competitiveness, productivity and sustainability.

Signed: Jsephine Ademu

For: DD (P&PR).

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