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April 14, 2024
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Institute urges FG to commercialise technology research findings

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By Jessica Dogo

Prof. Jeffery Barminas, the Director-General of the National Research Institute for Chemical Technology (NARICT), has urged the Federal Government to commercialise science and technology research findings in the country.

Barminas made this plea on Wednesday during the institute’s Special Day at the ongoing 2024 Science, Technology, and Innovation Expo in Abuja.

The sub-theme of the special day is titled “Investment Opportunities as a Sure Path for Economic Growth and Revitalisation through Innovative Chemical Technology.”

The director-general also called on the legislature and relevant agencies to emulate the working templates of the United States, Asia, and Europe to foster industry growth.

He noted that the industry is currently expanding in proportion to Nigeria’s economic growth estimate.

“There must be a deliberate effort by the government to encourage the commercialisation of scientific and technological research findings.

“Chemical industry experts in Nigeria should urge the legislature and relevant agencies to replicate the working templates of the United States, Asia, and Europe to foster industry growth.

“This market is diverse, ranging from basic chemicals like petrochemicals and polymers to specialty chemicals used in specific applications, such as pharmaceuticals, agrochemicals, and electronic chemicals.

“As we can see, there are numerous opportunities for Nigeria to explore in the chemical industry market.

“For this sector to play the role of the engine of growth, it must continue to diversify, seek product definition, be export-oriented, and above all, be competitive,” the director-general said.

He highlighted that NARICT has established a ten-ton methanol production plant from natural gas and other renewable sources like biomass and waste, which would lead to job creation and import substitution.

Furthermore, he mentioned that the production of precipitated calcium carbonate is vital in pharmaceutical and allied industries.

“NARICT aims to provide investment opportunities for economic growth through the natural endowment of resources we have in this country.” (NAN) (www.nannews.ng)

Edited by Kevin Okunzuwa/Deji Abdulwahab

 

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