Business
Don Tasks Govt On Research, Technology
A lecturer, Prof. Christian Madu of the University of Nigeria, Nsukka, UNN, has urged all levels of government to encourage research and technological development to ensure rapid advancement of the country.
Madu who made the call in Enugu on Monday, while speaking to newsmen, said that there had been relatively “very low investment” in research and technological development in the country.
According to him, the government must make serious effort to encourage research and technological development both at the university level and at the level of technical institutions.
He said that many of the nation’s technical centres were poorly funded and lacked focus.
“We jump into advanced technology when we cannot perfect basic technology. We must refocus and have a timeline to develop.
“We also must have a strategic plan for the industries. We cannot continue to depend on selling of crude oil, which is no longer in vogue or depend on excavating other mineral resources.
“We must begin to think holistically. We should focus on how to develop Nigeria to improve the quality of life of our people,” he said.
Madu, a Professor of Environmental Management and Control, noted that most of the achievements in industrialisation in the country, which are driven by development in technology, are due to individual efforts.
He lamented the lack of financial assistance from banks to help businesses, researchers and other concerns to grow, adding that commercial banks did not support business ventures while imposing high double digit rates on loans.
“Yet, when out of hard work the entrepreneurs are able to raise the needed funds to start their businesses, they are bewildered by multiple taxations and regulations coming from the federal, state and local governments.
“In industrialised countries, businesses are given incentive packages to invest more so they can employ labour.
“However, our actions discourage businesses leading to investors focusing more on importation, as well as buying and selling of goods.
“Nigeria is now a dumping ground for goods from all parts of the world.
“We should be able to manufacture some of these products we sell here, develop a sustainable industry, and be able to employ our labour force.
“This will help to reduce youth restiveness and crime in the society,” he added.
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