Federal Ministry of Science and Technology has revealed plan to promote the development of home grown technology with the establishment of science and technology park.
The project, according to permanent secretary in the ministry, Mrs. Winifred Oyo-Ita, will coordinate all research and development outputs in the country, attract and regulate the flow of foreign technologies, harness all the pool of technological potentials and create jobs for the unemployed.
She stated this in her office in Abuja when she received a 100-page report of the Committee on Operationalisation of Sheda Science and Technology Complex, SHESTCO, Silicon Valley, SSV, which was constituted on November 28, 2014, by the former minister.
Mrs. Oyo Ita noted that the process of financing the project, which will enable Nigeria to realise its dream of being at par with developed technologies of the world, would be public-private partnership driven.
She further stated that the project was expected to be supported by UNESCO through its ‘Seed Fund.’
For the purpose of creating awareness and sensitisation, the permanent secretary said the ministry would carry out an in-house sensitisation, inter-ministerial interaction, hold international conferences and engage the organised private sector.
Speaking earlier, chairman of the 16-man committee which was set up to work out modalities for the operationalisation of the project, Dr. Umar Bindir presented a report with far reaching recommendations to the permanent secretary.
The recommendations among others are: that the ministry should change the name Shestco Silicon Valley as trademark to Science and Technology Park, develop the master plan for investors to key into, develop a frame work and strategy for funding that will attract international and local donors.

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