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The Nigerian government will continue to build formidable partnership with the technology and innovation ecosystem in order to bring the full benefits of science, technology and innovation (STI) to citizens, Minister of Communications and Digital Economy ministry, Prof. Isa Ali Ibrahim Pantami has assured at the recent Co-Create 2022 International Tech Exhibition and Gage Awards.
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Pantami said “breakthroughs in medicine, technology and science through innovations and innovative products has had significant impact in the economic advancement of the society by improving the lives of citizens and offering more opportunities which the government and the tech ecosystem can collectively leverage on.”
While describing the theme of the event ‘collaborative innovation for a better tomorrow’ as exciting, the minister stated that the most important part of the innovative process is commercializing it.
The minister who was represented by the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi stated that “Innovation is a process of taking an idea from inception all the way to impact and while many people think innovation and invention mean the same thing, innovation is actually creating a market or democratizing access to your solution, product or services”
“Telecommunications sector which was orchestrated by Mo Ibrahim in Africa about 20 years ago and which encountered so many challenges has now evolved into the biggest sector in Africa, the minister stressed even as he gave assurance of government’s support to innovators in the country.
He urged all players in the tech ecosystem to think and act like Mo Ibrahim with the mindset of creating solutions to solve the country’s problems.
“In Nigeria, we have many problems and we need more innovations to solve them. This kind of collaborations we are having here today can open doors for this because you cannot survive in isolation. Everything is about ecosystem”, he noted.
The minister said five critical stakeholders in an ecosystem are the innovators otherwise known as the entrepreneurs who start and grow businesses with ideas and solutions; the human capital developers who discover talents and are the human components of technology; the government who are the enablers of a level playing field for innovators; the risk capitals who invest money in startups; and the corporate organizations who buy the products.
Pantami said an effective collaboration of these five stakeholders in Nigeria will produce an excellent and viable ecosystem in the country.
Emphasizing the present administration’s commitment to the implementation of the National Digital Economy Policy and Strategy (NDEPS) by effectively collaborating with innovators in the industry, the minister disclosed that the Federal Executive Council has given approval for the agencies under its supervision to co-create solutions with the ecosystem in areas of procurement, IP and patenting and giving incentives to encourage the startups.
The minister highlighted that showing clarity on processes by all parties, unleashing energy, building trust, building stronger startups and devising policies to shape the future are key indices into establishing and sustaining a formidable ecosystem in the country.
“Whatever we do, we don’t do in isolation. We work with the ecosystem to co-create policies and co-create the regulations. Whatever we do, we do together. We believe that together, we can do greater things. That is why we are here to work with you and to co-create our future”, he concluded.
The technology exhibition in Lagos had in attendance, the Special Adviser to the Lagos State Governor on Science and Technology, Mr Olatunbosun Alake, the Chief Technical Officer of the African Data Centre, Dr. Krish Ranganath, 100 tech exhibitors and other key players in the tech ecosystem and was geared at showcasing innovative businesses locally and across the globe with a physical presence in Nigeria.
The exhibitors include African Data Centre, Instincthub, Eskimi, Vantegral, Technext, Zummitafrica and many others.
COVER IMAGE: NITDA’s Abdullahi and Special Adviser to Lagos State Governor on Science and Technology, Alake
