FG Is Moving Economy On Path Of ProsperityOnu

Dr Ogbonnaya Onu, the Minister of Science and Technology, says the present administration was putting measures in place towards moving the economy to prosperity.Onu told the News Agency of Nigeria (NAN) at the sidelines of the ministrys Investment Forum in New York that one of such measures was the emphasis on science and technology-based economy.Our economy, since independence, has relied on commodities; our economy has been resource-based and the problem with that is that we have relied so much on commodities.Yet as a nation, we cant determine the price of these commodities. So what it means is if there is a sharp drop with the price of commodity, then your economy will suffer adversely.And this is what has been creating problems for us in the country.Whenever there is price drop in the price of commodities, then immediately, we feel the adverse effect, we enter into a recession; and we believe that this should not have happened.President Muhammadu Buhari is determined that the nation must move away from having an economy that is resource-based to having an economy that is knowledge-based and innovation drivenAnd this is where Science and Technology can play and is playing very important role.According to him, the Federal Government has already prepared the ground for.We have done a number of things to prepare the grounds for Nigeria to take-off from a resource-based economy to a knowledge-based economy.The Science, Technology and Innovation Policy of the Federal Government came into existence in 1986.But for 30 years, the lead organthe National Research and Innovation Council, which the President is Chairman, that lead organ never met for once in 30 years.It took the Presidency of Muhammadu Buhari January of last year for this Council to meet for the first time in 30 years.(NAN)
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