The Federal government has heightened efforts to operationalise the National Research and Innovation Advancement Fund (NRIDF) following its current approval by the Federal Executive Council (FEC), with crucial officials fulfilling to advance the legal framework for its implementation.
The Minister of Education, Dr. Tunji Alausa, divulged that he held a tactical conference with the Special Adviser to the President on Policy and Coordination, Mrs. Hadiza Bala Usman, and the Minister of Innovation, Science and Technology, Dr. Kingsley Tochukwu Udeh (SAN), to discuss the next phase of the effort.
According to Alausa, the meeting focused on drafting the Executive Expense that will develop the legal and governance framework for the Fund, leading the way for its reliable operation as a sustainable nationwide platform for funding research study, innovation and the commercialisation of concepts.
Alausa described the effort as a landmark step in Nigeria’s mission for scholastic, scientific and technological advancement.
“Nigeria stands at a specifying minute in its journey towards academic, scientific and technological excellence. The NRIDF will enhance research study institutions, speed up homegrown development, deepen collaboration in between academic community and industry, and support the development of solutions that drive financial growth, create high-value jobs and enhance the lives of Nigerians. It is a crucial step in transforming Nigeria from a resource-based economy into a knowledge-based economy, in line with President Bola Ahmed Tinubu’s vision of developing a $1 trillion economy,” he stated.
The minister stated the Fund would act as a long-lasting investment in the country’s future by empowering scientists, innovators and entrepreneurs to establish options to nationwide difficulties and open brand-new financial opportunities.
“This Fund is far higher than any one institution or individual. It is an investment in Nigeria’s future and an enduring legacy that will empower generations of scientists, innovators and entrepreneurs to fix our country’s biggest obstacles, unlock new chances and position Nigeria as an international leader in research study and development,” Alausa included.
He likewise commended Hadiza Bala Usman and Udeh for their partnership and commitment to the successful implementation of the effort, revealing self-confidence that the collaboration would assist advance the Restored Hope Agenda through innovation-driven national development.