President Tinubu approves N5bn for 2024 research investment
Nigerian President Asiwaju Bola Ahmed has approved N5 billion for investment in research activities for 2024 through TETFund’s National Research Fund.
The Minister of Education, Dr Tunji Alausa, while disclosing this on Sunday during an inspection of the venue for the 2024 TETFund National Research Fair and Exhibition in Abuja, said the initiative aims to address national development challenges through targeted research efforts in public tertiary institutions.
The minister also affirmed the federal government’s commitment to leveraging research and innovation to drive economic growth, adding that Tinubu’s Renewed Hope Agenda would primarily rely on local research and technological advancements, highlighting that no nation can achieve economic progress without effectively utilising research outputs.
“This Research Fair will focus on fostering synergy among research and technology agencies to accelerate the deployment of their efforts for nation-building,” Alausa added.
He also underscored the government’s dedication to coordinating research and innovation institutions currently spread across various ministries to maximize their impact.
Alausa assured that the National Research Fund would be bolstered by resources from public, private, and international sectors to empower researchers, engineers, and innovators to develop solutions for critical national challenges in areas such as power, healthcare, agriculture, water supply and communications.
