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FG Approves Indigenous Production Of Satellite

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FG Approves Indigenous Production Of Satellite

The Federal Government has approved indigenous production of Satellite in Nigeria to facilitate and boost internet broadband penetration.

The satellite production and design will be achieved through a Public Private Partnership (PPP) Project in line with Executive Order No.5. The presidential executive order No.5 seeks to boost local production and ensure that Nigeria relies less on imports.

The Minister of State for Science, Technology and Innovation, Chief Henry Ikechukwu Ikoh who made the disclosure during the South -South dialogue between government and stakeholders in the Science, Technology and Innovation ecosystem in Port Harcourt, said that the geo-political dialogues would enhance the productive capacities of each geo-political zone and promote the nation’s Global Competitiveness and Productivity.

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He explained that, the Technology and Innovation centres have the task of showcasing the role of Science, Technology, and Innovation in socio-economic development, he added that this will ensure Nigeria moves from a resource-based economy to a Knowledge and Innovation driven economy.

He  added that the development of Technology Innovation centres will provide the enabling environment for the Emergence of Tech-Giants, Innovative discoveries, and Inventions, that will accelerate reverse engineering.

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According to Ikoh, “It is envisaged that the operationalization of the Technology and Innovation centres will lead to the Emergence of commercial Research and Development Companies, which will, in turn, be used to attract Research Funding from local companies and Venture Capital that would motivate Nigerians to go into the field of Science, Research and Development (R&D)”.

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The Minister assured Nigerians that the Federal Government will work hard to ensure the success of technology development in the country and ensure that technological innovations and outputs from Nigeria are of World-class standards.

He, however, said the commitment of the Federal government to using Executive Order NO.5 to empower youths in the Niger- Delta region in welding technology, to enable them compete with their foreign counterparts. He added that this will help curb restiveness and militancy.

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