Onu said that technology transfer and acquisition with a friendly Intellectual Property Rights environment would enhance innovation and attract Foreign Direct Investment
Samuel Bello, Abuja
The Federal Government has harped on the need for all investors and innovators to make their products available for patent rights.
Minister of Science and Technology, Ogbonnaya Onu, who stated this over the weekend, at the 2018 edition of the African Day for Technology and Intellectual Property in Abuja, said technology transfer and acquisition added with a friendly Intellectual Property Rights (IPR) environment would no doubt enhance innovation activities and attract Foreign Direct Investment (FDI).
Onu pointed out that Nigeria has really made progress with the impressive increase in the number of patents from 16 in 2016 to over 50 in 2017.
“No nation in history, in the ancient and modern world, has ever developed without the deployment of science and technology.
“Recent global development has made it evident that natural resources endowment is no longer the prime source of natural wealth and prosperity…” Onu said.