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Minister to begin technology transfer promotion initiative in 2016

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Ogbonaya Onu

Ogbonaya Onu

The Ministry of Science and Technology has set up a technology transfer promotion initiative to improve and advance technological development and also diversify the economy.

Minister, Dr. Ogbonnaya Onu, while speaking at a meeting with the Ambassador of Spain to Nigeria, stated that the initiative would commence in 2016.

Onu said that the initiative would help in eradicating the high rate of poverty and unemployment, adding that it would create an enabling environment for local production of goods presently imported into the country.

The Minister however, announced the readiness of the Federal Government to collaborate and provide a safe spot for the country’s willingness to transfer relevant information about their technology.

According to Onu: “We are very happy that our trade relations through Ministry of Science and Technology is working to diversify the economy of Nigeria and we want to be in the position to produce many of the things that we import today because we believe that will help us to create job for our people and also help us to create wealth so as to help reduce the rate of poverty.

“In the ministry we have technology transfer promotion initiative, this initiative is to help us fast track technology development and we will be very happy if Spanish companies can come into Nigeria to make money, the opportunity is there but also to help transfer technology knowledge to Nigerians.

In his response, the Ambassador of Spain to Nigeria, Alfonso Sabastin, said Spain was the second best client of Nigeria following India in the area of Oil and Gas, with a purchase rate of 6.2 billion Euros.


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