The Nigerian Government plans to establish a Science and Technology Development Bank, a government official said on Tuesday.
According to the Minister of Science and Technology, Dr. Ogbonnaya Onu, the bank would assist the informal sector to close the technological gap and give financial assistance for research and innovation activities.
The Minister made the announcement at a meeting with the National Association of Motor Mechanics and Technicians in Abuja.
He told the gathering that the ministry had commenced the process of establishing the bank, with a view to implementing a venture capital component to improve the process of technological development. (Channels TV)
•Photo shows Dr.Onu.
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
