LunagisthubNigeria’s Path to Innovation: Executive Order 5 and the Future of Technology
Nigeria is taking significant steps towards becoming a knowledge-driven economy with the implementation of Executive Order 5. This order aims to promote local content, stimulate innovation, and drive economic growth. The Minister of Science, Technology, and Innovation, Dr. Udeh, emphasized that the strategic framework for Executive Order 5 will provide clear guidelines for implementation, prioritizing Nigerian professional companies, locally sourced materials, and indigenous services in all public projects and procurement
The order focuses on creating new sectors across the Nigerian economy, including:
– Advanced manufacturing
– Construction
– Digital infrastructure
– Renewable energy
The framework also aims to foster collaboration between research institutions and industry, encouraging universities to run aggressive commercial units rather than academic archives
The Minister announced that the Ministry and the National Office for Technology Acquisition and Promotion (NOTAP) will provide tailored support to inventors, linking them directly with partners capable of taking their innovations to market. This initiative aims to ensure that Nigerian inventors become Nigerian industries contributing to the GDP
The implementation of Executive Order 5 marks a significant milestone for Nigeria’s innovation ecosystem. With over 400 patents facilitated by NOTAP at no cost to inventors, the country is poised to transform research outputs into commercially viable solutions. The framework is expected to stimulate industrialization, create jobs, and position Nigeria as a competitive player in the global knowledge and innovation economy
As Nigeria embarks on this strategic journey, it’s essential to consider the potential impact on the country’s economy and society. Will Executive Order 5 be the catalyst for Nigeria’s technological revolution.
Lunagisthub
