Private Sector Urged to Fund R&D activities - Senator Boroffice

The Chairman Senate Committee on Science and Technology, Senator Ajayi Boroffice has urged private sectors in the country to join hands with the Federal Government in funds some Research and Development activities in science and technology for the progress of the country.

Speaking during the Committee’s oversight function at the National Office for Technology Acquisition and Promotion (NOTAP), in Abuja recently, Prof. Ajayi lamented that government’s budgetary allocation to science and technology can not satisfy the numerous research activities by various research institutions across the country.

He stated private sectors; especially Corporate Institutions like Banks should dedicate funds to the development of R&D for the benefits of the nation. He decried a situation whereby numerous Research results emanating from in the Institutions of higher learning lay waste on the shelves.

The Senator noted that no country of the world could develop without adequate deployment and utilization of research finding, adding that science and technology are the bedrock of economic development of nations. He expressed no doubt that globally, institutions of higher learning are the beehives of research activities so Nigerian researchers should refocus their research works towards solving industrial problems rather than conventional research for the purposes of promotion which forms basis for their promotion.

He regretted that while Universities in developed countries like America, United Kingdom and Asian countries were engaged in researches that have metamorphosed into exportable products and services, Nigerian universities are constantly battling with poor budgetary allocation.

He urged the Director General of NOTAP Engr. Umar Buba Bindir to continue with his collaborative efforts with Corporate Organizations and interested donor agencies in ensuring that the large array of research findings from institutions of higher learning and other private innovation centres in the country are translated into finished products and services.
He promised to impress on his colleagues at the National Assembly to give more budgetary allocation to NOTAP to enable it continue with its laudable projects like the establishment of Intellectual Property and Technology Transfer Offices (IPTTOs) and the Technology Story Board initiative.

In his welcome address, the Director General of NOTAP Engr. Bindir explained that his Agency is very strategic to the development of Science, Technology and innovation but the major obstacle has been funding. He added that the Office has identified some low hanging fruits and has embarked on aggressive developmental programmes to convert them into products and services but has been impeded by inadequate funding.

He stated that the mandate of his agency is so critical to the attainment of vision 20:2020 and therefore pleaded with the National Assembly to improve on the budgetary allocation to NOTAP.

He reiterated that it will be difficult for any organization to perform with a lean budget like ours though we have continued to collaborate with other sister agencies and international organizations to execute our programme.