We’ll implement Order 5 to grow economy – Mamora

The federal government has said it will implement Executive Order 5 to fast-track Nigeria’s economic development.

The Minister of Science, Technology and Innovation (STI), Dr. Adeleke Olorunnimbe Mamora, made the call on Tuesday in Abuja at the flag-off of the National Dialogue on the Establishment and Implementation of the Technology and Innovation Centres for Global Competitiveness and Productivity.

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The dialogue, with the theme: ‘Achieving Nigeria’s Competitiveness and Improved Foreign Exchange Earnings through Science, Technology and Innovation’ was for the strategy implementation task office for Presidential Executive Order No. 5.

Mamora said that the main reason for the establishment of the Executive Order 5 by President Muhammadu Buhari was the consideration that the trajectories in business, research and development were the main drivers of innovation.

The minister said these included sound policies which led to good technological progress towards accelerating the goals of sustainability and shared prosperity.

“The Innovation ecosystems of the country are geared towards a drive aimed at generation of ideas, their translation into products, and the commercialization of these products on a large scale.

“It is a known fact that the success of this is dependent on several factors, such as a very strong knowledge-generation area and the active collaboration between these knowledge centres and commercial businesses. The breakthrough in technologies will definitely deliver the right solutions as the long-term research and development would give the desired breakthrough,” he said.

Speaking earlier, the Minister of State for STI, Chief Henry Ikechukwu Ikoh, said that in order to develop technologically, Nigeria must make drastic efforts and commitment towards developing its indigenous STI base.