August 9, 2022

90% of the improvements presently driving the Nigerian financial system, in keeping with the Nationwide Workplace for Know-how Acquisition and Promotion (NOTAP), are imported.

Nigeria ought to assist and develop native improvements, in keeping with Dr. DanAzumi Mohammed Ibrahim, the Director-Common of NOTAP, who expressed displeasure at this growth.

The DG lamented the scenario and famous that the tide should be turned again with the intention to protect the nation’s restricted international foreign money whereas talking throughout a One-Day Patentees Discussion board in Bauchi organized by the company for researchers, inventors, and innovators.

He emphasised that Nigeria should not fall behind because the globe shortly transitioned from a resource-based financial system to a knowledge-based one.

The NOTAP DG said that the discussion board was organized to supply the mandatory synergy between researchers and funding establishments to create the mandatory impetus that will make sure that Analysis & Improvement (R&D) outputs from the nation’s information facilities are moved to the market as services, regardless of admitting that the quite a few efforts made by Nigerian researchers, inventors, and innovators don’t translate into services.

Ibrahm claimed that NOTAP’s regulatory function of registering and overseeing expertise switch agreements has prevented about N79.6 billion from leaving the nation’s borders because of capital flight.

Varied applications and insurance policies, such because the Native Vendor Coverage, NOTAP-Trade Know-how Switch Fellowship (NITTF), and the Improve of Chemical Laboratories in Establishments of Larger Studying/Analysis Institutes, he claimed, had been used to perform this in an effort to advertise the event of indigenous expertise in Science, Know-how, and Innovation (STI).

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Ibrahim emphasised that NOTAP has through the years assisted them to do this without spending a dime and consequently, 65% of current patents acquired by Nigerian researchers and inventors got here by way of NOTAP’s intervention. He famous that researchers, inventors, and innovators want to guard their mental belongings by way of patenting.

With out investments in analysis, science, expertise, and innovation, in keeping with Prof. Mohammed Abdulazeez, Vice-Chancellor of Abubakar Tafawa Balewa College (ATBU) Bauchi and Prof. Fatima Sawa, Director of Analysis, Innovation, and Improvement at ATBU, Nigeria can’t make any vital progress.

She praised NOTAP for organizing the discussion board, stating that it’s going to assist within the nation’s technological development and emphasizing the truth that no person will develop our nation. He contends that Nigerians should assist NOTAP’s patriotic efforts to advertise the tradition of science, expertise, and innovation (STI) with the intention to foster the nation’s pressing socioeconomic growth.

She thanked NOTAP for creating the Mental Property Know-how Switch Workplace (IPTTO) in ATBU and for the DG’s participation within the workshop on analysis funding for universities within the North East that was organized by the group. She additionally famous that these actions have improved the standard and output of analysis work within the establishments within the space, leading to a rise in idea paper notes by ATBU researchers from six final yr to 32 this yr.

Sani Tahir Hamid, the director common of the Bauchi Chamber of Commerce, Industries, Mines and Agriculture, said that whereas most of the chamber’s members have constructed profitable companies, cash is a significant impediment.

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He applauded NOTAP for establishing the discussion board, which he was assured will tackle vital issues encountered by researchers and enterprise homeowners when securing and monetizing their analysis outputs.