Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries

Nigeria has reduced capital flights from technology projects —NOTAP DG

Samson AkintarobySamson Akintaro
6 days ago
in Industries, Tech News
Dr. DanAzumi M. Ibrahim

Dr. DanAzumi M. Ibrahim – DG NOTAP

Share on FacebookShare on TwitterShare on Linkedin

The Director-General of the National Office for Technology Acquisition and Promotion (NOTAP), Dan-Azumi Ibrahim, said the incidences of capital flights through technology have been reduced drastically.

He said the agency was able to achieve this through its refusal to approve the importation of technological services that could be rendered by Nigerian technologists.

Speaking during an interview with the News Agency of Nigeria (NAN), Ibrahim said most Nigerian entrepreneurs have the habit of giving contracts that could be executed by Nigerians to foreigners, which has been leading to capital flights. He said the agency.

Highlighting various interventions of the agency in combating capital flights, Ibrahim said:

  • “Most times, when Nigerian entrepreneurs enter into a technology transfer agreement with their foreign counterparts, the agreements are drafted in such a way that Nigerian contractors, technologists, and service providers do not benefit.
  • “Rather, expatriates will be deployed to execute jobs that Nigerian technologists are competent enough to handle.
  • “Through NOTAP’s interventions, such agreements are not approved unless they are redrafted to take care of indigenous technologists and skills.”

Ibrahim said these measures were adopted to ensure the acceleration of Nigeria’s technological revolution by encouraging local technology and stopping capital flight.

He added that for NOTAP to bridge the gap between academia and the industry, it had established over 60 Intellectual Property and Technology Transfer Offices (IPTTOs) across the nation’s tertiary educational institutions.

  • According to him, by establishing IPTTOs across Nigeria’s knowledge institutions, NOTAP had saved Nigeria a lot of billions of Naira in the last 10 years in capital flight,’’ the D-G said.
  • Ibrahim said that one of the missions of NOTAP was to promote qualitative original research through sensitisation and foster strong collaborations between universities and industries through the establishment of IPTTO.
  • He added that the establishment of IPTTOs was aimed at providing patents registration, promoting robust patent policy, and driving the commercialisation of products of patents and innovations for sound economic rewards.

 

Related

Tags: Dan-Azumi IbrahimNational Office for Technology Acquisition and PromotionNOTAP

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Standard
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Q4 2022: Unilever Nigeria Plc reports 385% rise in pre-tax profits.
  • Olam Agri To Raise Public Health Standard With 1 Trillion Servings Of Fortified Food
  • Nigerian military destroys 39 illegal refineries in 2 weeks, arrests oil thieves

Follow us on social media:

Recent News

Unilever reports N5.99 billion in FY 2022

Q4 2022: Unilever Nigeria Plc reports 385% rise in pre-tax profits.

January 26, 2023
Olam Agri To Raise Public Health Standard With 1 Trillion Servings Of Fortified Food

Olam Agri To Raise Public Health Standard With 1 Trillion Servings Of Fortified Food

January 26, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics