The Nigerian government will intensify efforts in promoting competitiveness in raw materials and products development in the country, Minister of Science and Technology, Ogbonnaya Onu said Thursday.

The idea was to confront and defeat challenges posed by growing shifts in global production and trade patterns, Onu told reporters in Abuja, the nation’s capital.

He said the effort would aid the nation to conserve its scarce foreign exchange and stimulate global competitiveness that would be derived from a resilient domestic capacity in a diversified economy for the good of all.

“It is also noteworthy that the Federal Executive Council (FEC) has approved the new policy guidelines for planning and execution of programs, projects and contracts with science, engineering and technology components,” he added.

“This will help our nation develop necessary local capacity needed for us as a people to look inwards to seek solutions to our numerous problems,” he said.

According to him, the guidelines are designed to drastically reduce capital flight, promote local capacity, strengthen local manpower development, encourage indigenous technology capacity, enhance national self -reliance and restore national pride.

Onu said FEC had also approved new Road Map for Science, Technology and Innovation (STI) as new key for Nigeria’s future sustainable development.

The minister told reporters that the implementation of the road map would help the economy adjust to the path of sustainable growth to quicken the pace of recovery in short term and accelerate sustainable growth in the medium and long terms. Enditem

Source: Xinhua/Newsghana.com.gh