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Updated March 15, 2021
The Vice President, Professor Yemi Osinbajo, gives a speech virtually at the NBA Annual General Conference on August 27, 2020.
Henceforth, the Federal Government will allocate half a percent of Nigeria’s Gross Domestic Product (GDP) to research and innovation in a determined effort to enhance the country’s economic growth and development.
President Muhammadu Buhari made the disclosure in a speech delivered today on his behalf by Vice President Yemi Osinbajo, SAN at the opening of the 2021 Technology and Innovation Expo themed “Science, Technology, and Innovation for Economic Recovery and Sustainability Amidst COVID-19 challenges”.
Speaking about the efforts of his administration in the past few years especially in budgetary allocation to the sector, the President said the measures adopted over the years have helped to increase research and innovation with the aim of achieving sustainable development.
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