Home Market Updates Lagos Chamber of Commerce and Industry, Ministry mull partnership to diversify economy

Lagos Chamber of Commerce and Industry, Ministry mull partnership to diversify economy

Lagos Chamber of Commerce and Industry, Ministry mull partnership to diversify economy
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The Lagos Chamber of Commerce and Industry (LCCI) says it will partner with Federal Ministry of Science and Technology to implement governments’ policy of diversifying the economy.

Mrs Fola Gbogbode, Chairman Capacity Exhibition Committee at LCCI who represented the President of LCCI made the commitment during a courtesy call to Dr Ogbonnaya Onu, Minister of Science and Technology.

Gbogbode, informed the Minister of the Chamber’s upcoming maiden edition of information and technology exhibition scheduled for July 26-29, 2016.[quote font_size=”22″ font_style=”italic” align=”right” bgcolor=”#” color=”#” bcolor=”#” arrow=”yes”]According to the Minister, one of the Ministry’s agencies, Federal Institute of Industrial Research (FIIRO) at Oshodi in Lagos which has over 350 research findings, out of which has been commercialised in partnership with NASCO group of companies is producing high-density biscuits for children within ages 5 to 10.[/quote]

LCCI says the visit will allow the body forge more collaboration with the Ministry and seek measures to promote information and communication technology (ICT) in the country. The chamber therefore sought close collaboration with the Ministry in the area of technical and professional competence available in the Ministry.

People walk by in Ikeja Computer Village, Nigeria's largest technology market cluster. Photo: Kolade Akinola/Technology Times
People walk by in Ikeja Computer Village, Nigeria’s largest technology market cluster. Photo: Kolade Akinola/Technology Times

The Minister commended the Lagos Chapter of LCCI on the giant strides and contributions it has made towards the development of locally-made products, which according to him has made the body the foremost promoters of businesses in Nigeria.

The Ministry’s core target is that ideas developed from researches are market driven and that the products will be beneficial to all Nigerians given the fact that the present administration is fully committed to diversification of the economy, the Minister says.

Onu reiterated government’s resolution to make diversification process a reality, saying that the Chamber will benefit most if the private sector show more interest in commercialisation of research finding that will create more jobs and provide additional wealth to lift Nigerians out of poverty.

According to the Minister, one of the Ministry’s agencies, Federal Institute of Industrial  Research (FIIRO) at Oshodi in Lagos which has over 350 research findings, out of which has been commercialised in partnership with NASCO group of companies is producing high-density biscuits for children within ages 5 to 10.

The Minister encouraged the Chamber to develop more interest on research findings as the Ministry through its 17 agencies, is positioned with their mandates to drive the diversification process of the current administration.

 

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Elizabeth Edozie Technology Journalist @Technology Times 08077671659 elizabeth.edozie@technologytimes.ng

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