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Home Business News

Buhari approves change of name for Federal Ministry of Science and Technology

Chike Olisah by Chike Olisah
August 6, 2021
in Business News, Politics
FG secures $72 million from World Bank for states to develop land information systems
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President Muhammadu Buhari has approved the change of name of Ministry of Science and Technology to Ministry of Science, Technology and Innovation.

The change of name is to facilitate economic growth and global competitiveness as well as to make Nigeria a nation of innovators.

This was announced by the Minister of Science, Technology and Innovation, Dr Ogbonnaya Onu, at a news briefing on Friday, August 6, 2021, in Abuja, where he also said that in 2017 the Federal Executive Council, under the leadership of President Muhammadu Buhari, approved the National Science, Technology and Innovation Roadmap (NSTIR 2017-2030).

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What the Minister of Science, Technology and Innovation is saying

Onu said, “This was to use Science, Technology and Innovation (STI) to catalyse Nigeria’s economic growth and competitiveness. This document laid out a core policy for driving positive socio-economic outcomes through science, technology and innovation in all activities of the economy.’’

According to NAN, the minister said this had necessitated the ministry’s change of name to the Federal Ministry of Science, Technology and Innovation, as approved by the Presidency.

He noted that the new development would require the ministry to drive the Innovation Agenda by embarking on a branding campaign, in line with its expected mandate in ensuring productivity and economic growth.

Onu said that the change would help to meet the need of other sectors of the economy and all stakeholders by supporting the generation and application of knowledge to solve socio-economic challenges.

Onu explained that the approval of the change of name would be in the gazette to enable legal and policy frameworks to reflect institutional and organisational arrangements, effective coordination, among others.

According to him, the new development will help the ministry to bring a shift in Research and Development which is industry and service demand-driven, resulting in rapid commercialisation and improved global competitiveness.

He said, “We all know that there has been a missing link with the statutory responsibility of the ministry. This decision by the President will ensure that the missing link will be adequately addressed.

“Immediately we are able to commercialise Research and Development breakthroughs, the nation’s global competitiveness ranking will improve tremendously with varying degrees of development that are sustainable.

“These include a robust STI ecosystem that will accommodate continuous system improvement, product quality enhancement and guaranteed standardisation of ‘Made-In-Nigeria’ goods and services.’’

The Federal Ministry of Science and Technology, Nigeria is one of the strategic Ministries of Government saddled with the responsibility of facilitating the development and deployment of Science, Technology and Innovation to enhance the pace of socio-economic development of the country.

What you should know

The Federal Ministry of Science and Technology, Nigeria is one of the strategic Ministries of Government saddled with the responsibility of facilitating the development and deployment of Science, Technology and Innovation to enhance the pace of socio-economic development of the country

Tags: Ministry of ScienceTechnology and Innovation
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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