Nigerian Government Approves Indigenous Production Of Satelite
Fred Omotara, Lagos
The Federal Government of Nigeria has approved for the Indigenous production of Satellite in Nigeria to facilitate and boost Internet broadband penetration.
The satellite production and design will be achieved through a Public Private Partnership (PPP) Project in line with Executive Order No.5.
The presidential executive order No.5 seeks to boost local production and ensure that Nigeria relies less on imports
The Minister of State for Science, Technology and Innovation, Chief Henry Ikechukwu Ikoh made this ground-breaking achievement known during the South -South dialogue between government and stakeholders in the Science, Technology and Innovation ecosystem in Port Harcourt on Saturday.
During the dialogue, the Minister said that the geo-political dialogues would enhance the productive capacities of each geo-political zone to promote the nation’s Global Competitiveness and Productivity.
According to Chief Ikoh, the Technology and Innovation centers have the task of showcasing the role of Science, Technology, and Innovation in socio-economic development, he added that this will ensure Nigeria moves from a resource-based economy to a Knowledge and Innovation driven economy.
He further said that the development of Technology Innovation centers will provide the enabling environment for the Emergence of Tech-Giants, Innovative discoveries, and Inventions, that will accelerate reverse engineering.
According to Chief Ikoh, “It is envisaged that the operationalization of the Technology and Innovation centres will lead to the Emergence of commercial Research and Development Companies, which will, in turn, be used to attract Research Funding from local companies and Venture Capital that would motivate Nigerians to go into the field of Science, Research and Development (R&D)