The Minister of State for Science, Technology and Innovation (STI), Chief Henry Ikoh, said the Ministry would support inventions and innovations that tackle emerging problems in the country.
Ikoh, who stated this at a press briefing on the 2023 STI EXPO in Abuja recently, said the support for problem-solving inventions and innovations would come through the Presidential Standing Committee on Inventions and Innovations (PSCII) grant.
He argued that the volatility of oil prices and the need to diversify the economy clarified that it was time to explore new opportunities and sectors in order to drive economic growth.
“Science, technology and Innovation is one sector that holds great potential for Nigeria,” he said
The Expo is scheduled to take place in Abuja from January 16 to 20, and, according to the Minister, the STI sector has the power to transform Nigeria in several ways.
“It can lead to the creation of new industries and businesses, thereby increasing employment opportunities and boosting economic growth”, he said.
The 2023 Expo, which has the : ‘Actualising Effective Diversification of the Nigerian Economy through STI’, gives substance to the Minister’s quest for an enabling environment to be created.
He urged that creating an enabling environment for innovations and inventions to thrive involved access to funding, creating a culture of innovation within government and private sector organisations.
Ikoh also said collaboration between private and public sectors needed to be encouraged.
He highlighted what was to be expected at the 2023 Expo to include innovation exhibitions featuring cutting-edge technologies and products developed by Nigerian inventors, innovators, researchers and start-ups.
Accordingly, he said that the exhibitions would provide an opportunity for participants to learn about latest innovations and to network with Inventors, Innovators, Researchers, Start-ups and Investors.
Highlighting further, he said the Expo would feature an Investors and Researchers Forum, bringing together investors, researchers and government representatives to discuss opportunities for collaborations and funding in STI.
Virtual Learning, Setback To Accommodation Investments –Report
Advent of the 6th Generation Network (6G) technology would hamper accommodation investments globally, especially the student accommodation, a report of new Estate Intel has indicated.
The report, titled, “The next frontiers of growth in African real estate, 6G, and alternative asset classes”, noted that the advent of 6G by the end of this decade would spur more schools to migrate from physical classrooms to virtual learning, which would have adverse impact on student accommodation investments.
“If we look at student accommodation in developed countries, such as the United Kingdom, or the United States of America, we would see great developments in the last 30 years.
“But today, the world is different and tomorrow would even be far more different. With the advent of 6G by the end of this decade, holograms will become a reality.
“And, therefore, teaching mode will be very different from the one we know today, where we will move from a physical mode to a virtual mode. This will have an impact on student accommodation.
“We all know in key markets such as Nairobi, Lagos, Abidjan, Senegal, among others, there are growing numbers of students locally and regionally as these cities are hubs in their respective regions.
“But then, the question I have is what will be the future of student accommodation with education being done in the Metaverse”, the report stated.
It further claimed that environment, social and governance, 6G, and alternative asset classes were the next growth frontier for commercial real estate globally, adding that Africanising the 6G agenda was very essential.
Speaking on office spaces in the future, the Estate Intel asserted that gone are the days when massive office spaces were needed, describing that this can be seen happening internationally, where remote work wiped US$450bn (the size of Nigeria’s GDP)off office real estate.
“We in African cities should pre-empt so that we don’t create an oversupply of offices. Again, it will be stress that the advent of 6G in a short while, will radically change the way we work”, the report urges.
By: Corlins Walter
Firm Calls For Partnership With FG On Bridge In Real Estate
A Nigerian Tech Firm, PX PropertyHub, has called for partnership with the Federal Government in order to showcase its efforts to bridge the gap in the real estate sector.
The General Manager, Operations/Legal of the company, Barr. Nonye Nwabueze, made the remark during the official unveiling of the firm’s innovative online real estate platform in Abuja, recently.
Nwabueze said there was a need for collaboration with the Federal Government to help Nigerians build long lasting wealth through Real Estate, leveraging on technology and experience.
“The Federal Ministry of Works and Housing is doing so much in this regard, trying to create several mortgage financing activities.
“We are calling for partnership to showcase what the Federal Government is equally doing in the sector to provide affordable housing for Nigerians and checkmate the activities of fraudsters in the sector”, she said.
She noted that the new technological-driven option by PX PropertyHub stands out, saying that it was a massive and fast-growing digital platform.
“The platform showcases available property to everyone resident in and anywhere in the world. It is a global platform and we are not stopping at this.
“We also have what we call ‘PX Stay’, where we equally showcase hotel owners, apartments, car rentals and others. Jt is actually a listing platform for anyone who wants to buy, sell or rent genuine properties,” she said.
Chief Charles Ndudim, a beneficiary of the platform, said the issue of housing must be treated as a fundamental basic right of every citizen in the country.
He said the Federal Government and the corporate world must collaborate to deal with the issues and challenges in the real estate sector just as is being done in other climes.
“In other developing countries such as Nigeria, to deal with the issue of housing, we have to see it as a fundamental human basic right of every Nigerian.
“Every man under the sun needs a roof over his head, but there are economic implications and challenges in the sector as not everybody can afford it.
“However, what other developing countries have done is to find ways of creating intervention programmes for the poor people, especially in the rural areas”, he said.
“So, government and the corporate world must come together and collaborate in such a way as what PX PropertyHub is doing to aggregate all these houses and make them visible to meet the needs of all Nigerians.
“I, therefore, encourage everyone to take advantage of this revolutionary platform that is making life easier like Amazon and the likes,” he said.
Managing Director and Chief Executive Officer of the firm, Chuka Okafor, said he is a young entrepreneur who saw a gap in the real estate sector and decided to proffer solutions to the issues and challenges in the sector.
He stressed the need for investors to take advantage of the hassle-free and convenient platform to rent and purchase their house dreams.
Okafor said the platform can also connect holiday makers with preferred hotel and any tourist destination.
“PX PropertyHub is a modern Real Estate Platform, connecting buyers, sellers and owners with the industry’s top professionals through technology that empowers you by making all things Real Estate simple, intelligent and seamless.
“We have built our Real Estate Hub to serve as a platform that streamlines the tedious process of selling, buying, renting, managing, and financing property”, he said.
Delta Poly Invents Smart Campus, Solicits For Funds
Delta State Polytechnic, Ogwashi-Uku (DSPG), has developed a prototype of a “Smart Campus” expected to operate with technological systems, regulate movement and ensure digitisation.
The Rector of the institution, Prof. Emmanel Achuenu, while elaborating on how the smart campus works, said the institution was technologically-driven with research results and development in Abuja during the week.
Using their campus as a case study, Achuenu said they deployed solar energy to power the model campus.
“We decided to deploy solar energy in increasing the provision of energy to a model campus like this. In our campus, we have a solar laboratory where students are supposed to be trained on how solar functions and the installation, but we have gone ahead to run an institution like this with solar generators”, he said.
Achuenu added that they also tried to put a security system in place to monitor movement within the campus using smart Identity cards configured for each student and staff at the entry point of the institution.
“For you to be able to secure this system, every student and staff in the environment is supposed to have a smart ID card we configured according to the need.
“To enter the gate, all you need to do is swipe your card in the smart system provided there and you gain access”, he said.
He, however, solicited funding from agencies of the government to support the institution to be able to move all their ideas and technologies beyond prototype.
”We are asking for any funding agency to come to our support so that we can mass produce the majority of what we have here. If we can have our automatic detectors in every environment, it will help check on our security challenges”, he said.
The Tide’s Source recalled that DSPG participated at the just-concluded Science, Technology and Innovation expo and had other products on display.
The other products included: Juice extractor, peanut coating machine, ice block making machine, automatic hand washing machine, ventilator and melon shelling machine.
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