The Executive Vice President/Director General of the National Agency for Science and Technology Infrastructure (NASENI), Prof. Mohammed Sani Haruna has reiterated that the only path to industrial and technological growth of the Nigerian economy is through research and development.
He said any investment by the government that does not take these particular elements into account in subsequent plans and programs will make successive development programs more or less an exercise in futility.
A press statement signed by the Deputy Director, Information, NASENI, Mr. Olusegun Ayeoyenikan, said that although successive governments since independence have been keen on industrial economy and technological development, the elements of investments in the research and development had been lacking, hence the frustrations.
“Unless the government pays more attention and deliberately funds research towards the industrial and technological sector, the economy will continue to grow at a slower pace,” he said.
TCV NASENI, however, commended the administration of President Muhammadu Buhari for its commitment to strengthening the research and development sector to redirect the national economy from over-reliance on imports by putting local industrialization on the right track.