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NOTAP Flays Budgetary Allocation To Science, Tech

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The Director-General of the National Office for Technology Acquisition and Promotion (NOTAP), Dr Umar Bindir, says in Abuja that the N2.5 billion allocated to science and technology in the 2013 budget is paltry.

The director-general told our correspondent  that universally, countries that desired to move forward aggressively invested between 1 per cent and 5 per cent of their GDP to scientific research.

He said that science, technology and innovation to economy development is very important, stressing that allocation to science and technology in the budget is grossly inadequate.

He said: “the budgetary allocation to science and technology in the 2013 budget is not adequate. It is not. If you want the literal answer, it’s just not.’’

“Generically if you look at countries that have arrogantly or deliberately displayed their intention to move forward, the investment in scientific research and development ranges between1 per cent to 5 per cent of their GDP.

“And we are talking of countries that have got trillions of dollars-based GDP.

“Our country, the mode with which we are looking at this is like government has to invest a reasonable amount of money for research and development.

“But that is not necessarily true for the other countries. What we have seen is the collective responsibilities of government working with industry, collective responsibility of individuals and corporate organisations, all understanding that research is important.

“You have to invest to generate knowledge that is superior. It is the knowledge that you try to embody to produce money through technology and innovation.’’

Bindir said that it was unfortunate that it was only the government that was investing in research and development in Nigeria, unlike what obtained in other countries where it was the collective responsibility of government, industries, and other corporate organisations.

He said that Nigeria had to invest now to generate knowledge that was superior and could generate revenue through technology and innovation.

Bindir observed that while Ahmadu Bello University Zaria, Kaduna State, and Harvard University in the United States of America were both universities, the differed gravely in terms of funding.

“These are two universities; they are actually similar; they have names, they have buildings; they have students, they have professors and teachers, they have laboratories and so on.

“But when you come to the issue of funding, you’ll find that Harvard University is generating something in the region of billions of dollars coming back to it based on the usage of its knowledge, whereas Ahmadu Bello University is not getting that, it’s waiting for government budget.

“So this is the issue of intellectual property generation again; this is the issue of embodying the intellectual property to become a component in making people to work, to generate SMEs, to employ people.’’

Bindir also told NAN that intellectual properties had to become the main ingredient in generating small and medium businesses and generating revenue for funding of scientific innovations in Nigerian universities.

He said that to achieve such, universities must attach great importance to the issue of patenting intellectual materials that could be deployed to meet the needs of local industries.

He stressed that the difference between developing countries and developed countries literally was based on the maturity of generating and deploying intellectual properties.

He said: “this is the difference; any country that does not understand this would probably continue to lag behind.

“The culture is very weak in Nigeria and therefore our agency that has been mandated by law to regulate the consumption of foreign intellectual materials in Nigeria realises that Nigeria is literally nearly a 100 per cent in consuming mode for technology-based intellectuals.

“Our observation is that the generic generating process of all intellectual property including patents, trademarks, industrial designs, franchises, are trade secrets.”

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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