…Adopts Market-Driven Innovation Strategy
The Federal Government has reaffirmed its commitment to commercializing research outputs and adopting a market-driven innovation approach to drive economic growth and national development under President Bola Ahmed Tinubu’s Renewed Hope Agenda.
The Honourable Minister of Innovation, Science and Technology, Dr. Kingsley Tochi Udeh, SAN, disclosed this while receiving a delegation from the MIT – Kuo Sharper Centre and Fellowship during a courtesy visit to his office in Abuja.
Dr. Udeh stated that the government’s focus has moved beyond academic research and patents to translating scientific knowledge into tangible economic value, wealth creation, job opportunities, and improved wellbeing for Nigerians. “Our mission is about turning knowledge into tangible wealth and wellbeing for every Nigerian,” the Minister said.
He explained that the administration is prioritizing industry-focused, demand-driven research aimed at converting sectoral needs into commercially viable products and services. This strategy, he noted, will accelerate innovation-led growth, reduce poverty, and strengthen Nigeria’s global competitiveness.
The Minister added that Nigeria’s STI vision is anchored in the National Science, Technology and Innovation Policy (NSTIP 2022), which provides a strategic framework for building a diversified, sustainable, and competitive economy.
He also emphasized the importance of collaboration across government, academia, industry, and international partners.