Monday, May 17African Business News
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Tag: NACETEM

Experts urge intervention for Nigeria’s fragile innovation system

Experts urge intervention for Nigeria’s fragile innovation system

Innovation
National Centre for Technology Management (NACETEM) has stressed the need to strengthen Nigeria’s innovation system for economic development and sustainability, while canvassing huge investment in Science, Technology and Innovation (STI). NACETEM’s 2020 National Business Innovation Survey, undertaken to measure the state of innovation in Nigeria’s manufacturing and service sectors, showed the country has a weak national innovation system. Director-General of the Centre, Prof. Okechukwu Ukwoma, argued that science and technology can only have a meaningful impact on the socio-economic transformation of countries if it influences development processes and births new products in the market. Ukwoma added that the experience of successful developing countries shows that integrating STI ...