The President of Bioresources Development and Conservation Group (BDCG), Prof. Maurice Iwu, hinged on the need for traditional medicine to protect their intellectual property in order to transform knowledge into wealth.

Ogbonnaya Onu, said in Abuja that Ministry had struck some collaborations in areas that Nigeria had capacity to produce; and is actually producing many products through its agencies, which when fully commercialised, would...

In his remarks, the Chairman of NSCHE, Lagos/Ogun Chapter, Dr. Kamilu Oyedeko said the prevailing economic situation in the country calls for innovation and investment in the SMEs sector to earn a good life.

The stakeholders say if funds are released for research and development of traditional medicine practices and products, the country will cut down the health budget drastically and reduce medical tourism.

Traditional herbal medicines are naturally occurring; plant-derived substances with minimal or no industrial processing that have been used to treat illness within local or regional healing practices.

Diversification has been the subject of numerous plans and initiatives of the Federal Government of Nigeria since the fall in crude oil prices.

Speaking when Kallon and his team visited the Director General, Federal Institute of Industrial Research, Oshodi (FIIRO), he said technology development would benefit young people and women in creating Small and Medium Enterprises (SMEs).

In his address, Senior Project Manager for PLAN, Dr. Augustine Okoruwa said it was possible for Nigeria to thrive on agriculture, because part of the main objectives “is to produce profit, apart from feeding the family.”

The agreement will enable FIIRO to the upscale the development of innovative cassava processing technologies to improve income for Nigerian micro, small and medium sized cassava processors and to create additional employment.

The Federal Government has called on investors and the Nigerian industrial sector to acquire new solutions and technologies from the Federal Institute of Industrial Research Oshodi

To promote technological research and development, the Federal Institute of Industrial Research Oshodi (FIIRO), has partnered two companies in Lagos, FIDSON Healthcare Limited and Unilever Nigeria Plc.

The National Board for Technology Incubation (NBTI) says it is partnering with the Manufacturers Association of Nigeria (MAN) to promote the products of its trainees.