The News Chronicle
  • About Us
  • Advert Rates
  • Contact Us
  • Privacy Policy
Wednesday, August 10, 2022
  • Login
Advertisement
  • News
    • Breaking
    • Business
    • Celebs
    • Sports
    • Africa
    • Technology
    • World News
    • Interviews
  • Social Diary
    • Events
  • Columns
    • Monday
    • Tuesday
    • Wednesday
    • Thursday
    • Friday
    • Sunday
    • Opinions
    • Editorial: Our Stand
  • TNC TV
  • Interviews
  • Books
    • Reviews
    • Author Profiles
  • Entertainment
  • Gist
  • Gossip
No Result
View All Result
  • News
    • Breaking
    • Business
    • Celebs
    • Sports
    • Africa
    • Technology
    • World News
    • Interviews
  • Social Diary
    • Events
  • Columns
    • Monday
    • Tuesday
    • Wednesday
    • Thursday
    • Friday
    • Sunday
    • Opinions
    • Editorial: Our Stand
  • TNC TV
  • Interviews
  • Books
    • Reviews
    • Author Profiles
  • Entertainment
  • Gist
  • Gossip
No Result
View All Result
The News Chronicle
No Result
View All Result
  • News
  • Social Diary
  • Columns
  • TNC TV
  • Interviews
  • Books
  • Entertainment
  • Gist

Path Homepage » Business » According to NOTAP, 90% of the technologies driving the Nigerian economy are imported

According to NOTAP, 90% of the technologies driving the Nigerian economy are imported

Kings Nwachukwu by Kings Nwachukwu
July 14, 2022
in Business, Technology
Reading Time: 2 mins read
A A
According to NOTAP, 90% of the technologies driving the Nigerian economy are imported
Share on FacebookShare on TwitterShare on Whatsapp

90% of the innovations presently driving the Nigerian economy, according to the National Office for Technology Acquisition and Promotion (NOTAP), are imported.

Nigeria should support and develop local innovations, according to Dr. DanAzumi Mohammed Ibrahim, the Director-General of NOTAP, who expressed displeasure at this development.

RelatedPosts

DisCos’ revenue increases by 44.50% as a result of improved metering

DisCos’ revenue increases by 44.50% as a result of improved metering

August 10, 2022
Disinfect your phone

NCC-CSIRT Flags ‘HiddenAds’ Malware that Jeopardizes Users’ Privacy

August 10, 2022
Mozambique Risks Economic Stability Over Russian Oil.

Mozambique Risks Economic Stability Over Russian Oil.

August 9, 2022

The DG lamented the situation and noted that the tide must be turned back in order to preserve the nation’s limited foreign currency while speaking during a One-Day Patentees Forum in Bauchi organized by the agency for researchers, inventors, and innovators.

He emphasized that Nigeria must not fall behind as the globe quickly transitioned from a resource-based economy to a knowledge-based one.

The NOTAP DG stated that the forum was organized to provide the necessary synergy between researchers and funding institutions to create the necessary impetus that would ensure that Research & Development (R&D) outputs from the nation’s knowledge centers are moved to the market as products and services, despite admitting that the numerous efforts made by Nigerian researchers, inventors, and innovators do not translate into products and services.

An agenda for national rebirth (1)
Trending
An agenda for national rebirth (1)

Ibrahm claimed that NOTAP’s regulatory role of registering and overseeing technology transfer agreements has prevented about N79.6 billion from leaving the country’s borders as a result of capital flight.

Various programs and policies, such as the Local Vendor Policy, NOTAP-Industry Technology Transfer Fellowship (NITTF), and the Upgrade of Chemical Laboratories in Institutions of Higher Learning/Research Institutes, he claimed, were used to accomplish this in an effort to promote the development of indigenous skills in Science, Technology, and Innovation (STI).

Ibrahim emphasized that NOTAP has over the years assisted them to do that for free and as a result, 65% of recent patents acquired by Nigerian researchers and inventors came through NOTAP’s intervention. He noted that researchers, inventors, and innovators need to protect their intellectual assets through patenting.

Without investments in research, science, technology, and innovation, according to Prof. Mohammed Abdulazeez, Vice-Chancellor of Abubakar Tafawa Balewa University (ATBU) Bauchi and Prof. Fatima Sawa, Director of Research, Innovation, and Development at ATBU, Nigeria cannot make any significant progress.

She praised NOTAP for organizing the forum, stating that it will aid in the country’s technological advancement and emphasizing the fact that nobody will develop our country. He contends that Nigerians ought to support NOTAP’s patriotic efforts to promote the culture of science, technology, and innovation (STI) in order to foster the country’s urgent socioeconomic development.

She thanked NOTAP for creating the Intellectual Property Technology Transfer Office (IPTTO) in ATBU and for the DG’s participation in the workshop on research funding for universities in the North East that was organized by the organization. She also noted that these actions have improved the quality and output of research work in the institutions in the area, resulting in an increase in concept paper notes by ATBU researchers from six last year to 32 this year.

Okowa heaps praises on Tobi Amusan
Trending
Okowa heaps praises on Tobi Amusan

Sani Tahir Hamid, the director general of the Bauchi Chamber of Commerce, Industries, Mines and Agriculture, stated that while many of the chamber’s members have built successful businesses, money is a major obstacle.

He applauded NOTAP for setting up the forum, which he was confident will address important problems encountered by researchers and business owners when securing and monetizing their research outputs.

Hot Gist

  • “The precise mechanism of action in chloroquine is poorly understood”, Pharmacist Iniobong Usen
  • The Story Vault. #1. Love
  • Sunday Reflections
  • Catherine M. O’Meara’s Optimism in Crisis, and Comparison between the 1918 and 2019 Pandemics

Tags: Local Tech NigeriaNOTAP

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Air Peace is offering direct flights to China, India, and Israel

Next Post

Afri-Plastics Challenge awards £750,000 to innovations tackling behaviour change to plastic usage

Related Posts

DisCos’ revenue increases by 44.50% as a result of improved metering

DisCos’ revenue increases by 44.50% as a result of improved metering

August 10, 2022
Disinfect your phone

NCC-CSIRT Flags ‘HiddenAds’ Malware that Jeopardizes Users’ Privacy

August 10, 2022
Mozambique Risks Economic Stability Over Russian Oil.

Mozambique Risks Economic Stability Over Russian Oil.

August 9, 2022
FG Establishes A Group To Address Metal Dumps

FG Establishes A Group To Address Metal Dumps

August 9, 2022
NMDPRA Will Release Regulations For The Downstream Oil Sector

NMDPRA Will Release Regulations For The Downstream Oil Sector

August 9, 2022
Rising Prices, Power Cuts, And Currency Shortages Threaten The Consumer Products Sector

Rising Prices, Power Cuts, And Currency Shortages Threaten The Consumer Products Sector

August 9, 2022
Next Post
American Oil Giant Moves to Tackle Plastic Waste with Portfolio Projects

Afri-Plastics Challenge awards £750,000 to innovations tackling behaviour change to plastic usage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

What's New?

Newly promoted US Cremonese signs Nigerian forward Cyril Desser
Sports

Newly promoted US Cremonese signs Nigerian forward Cyril Desser

by Oladimeji Adeoye
August 10, 2022
0

Newly promoted Serie A side Cremonese has announced the signing of Super Eagles forward Cyril Desser from KRC Genk in...

Read more
Nigeria Info and Wazobia FM get license to broadcast the English Premier League

Nigeria Info and Wazobia FM get license to broadcast the English Premier League

August 10, 2022
Ensure Public Procurement Does No Harm To People, Planet, UN Report Urges Govts

HARVEST!!

August 10, 2022
Prev Next
The News Chronicle

© 2022 The News Chronicle

Navigate Site

  • About Us
  • Advert Rates
  • Contact Us
  • Privacy Policy

Follow Us

No Result
View All Result
  • News
    • Breaking
    • Business
    • Celebs
    • Sports
    • Africa
    • Technology
    • World News
    • Interviews
  • Social Diary
    • Events
  • Columns
    • Monday
    • Tuesday
    • Wednesday
    • Thursday
    • Friday
    • Sunday
    • Opinions
    • Editorial: Our Stand
  • TNC TV
  • Interviews
  • Books
    • Reviews
    • Author Profiles
  • Entertainment
  • Gist

© 2022 The News Chronicle

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

News updates based on facts and evidence.