Federal Government Proposes National Fund for Research and Innovation
- Reports
- 3
- Developments
- 2
- Repetition
- 33%
New informationRepeats or wire copies
What happened
The federal government plans to establish a special funding program for research and innovation in Nigeria. Minister of Innovation, Science and Technology, Dr Kingsley Tochukwu Udeh, stated that President Bola Ahmed Tinubu forwarded a bill to the National Assembly seeking the establishment of a National Research and Innovation Development Fund. This proposed fund would provide dedicated financing for inventions and innovations that have commercial potential.
Why it matters
The government intends to connect innovators and researchers with investors and industries to ensure promising ideas progress to commercial products. Commercialization is expected to enable innovators to generate revenue from their inventions, contributing to economic growth and job creation.
Who's involved
- National Agency for Science and Engineering InfrastructureGovernment agency involved in promoting innovation in Abia State.
- Abia StateState where the innovation initiative was promoted.
- NigeriaSovereign state where the national fund is proposed.
- Bola Ahmed TinubuPresident who forwarded the bill to the National Assembly.
- federal governmentThe central government planning the special funding program.
- National AssemblyNational body to which the bill was forwarded.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Abia StateSpeculative
Abia State could see increased local commercialization and talent investment.
How it developed
Newest first. Tap a step to see who reported it.President forwarded a bill to fund research and support innovation in Abia State.1 source
NASENI promotes innovation initiative in Abia State.1 source
Keep exploring
The entities involved
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National Agency for Science and Engineering Infrastructure
Nothing else this week.
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Abia State
state in Nigeria
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Nigeria
sovereign state in West Africa
Related events
- The national infrastructure initiative led by President Tinubu is underway, specifically involving Ogun State.
- Tinubu seeks approval to borrow funds while Peter Obi criticizes the borrowing policy in Nigeria.
- The federal government of Nigeria is implementing the economic vision of President Tinubu, with Bayo Ojulari leading as CEO of NNPC Limited.
- Tinubu's administration commits to economic transformation, with Abuja serving as the capital and project site.
- President Tinubu's reform agenda is impacting the university system in Ibadan, Nigeria.