FG to establish specialised bank to assist innovators, science/tech ventures
The Minister of Science and Technology, Ogbonnaya Onu, says Federal Government is working toward establishing specialised bank to assist innovators and entrepreneurs in science and technology ventures. The minister said this after listening to presentations by some student inventors and innovators at the ongoing 1 st International Workshop on Science Parks and Innovation Eco-system for National Development (SPIE4ND) on Friday at University of Nigeria, Nsukka (UNN). He said the delay in the coming on board of the specialised bank was due to the earlier economic recession in the country, noting that the bank should have taken off by now “but we had a challenge of recession and accompanying paucity of funds. “But I believe that with the picking up of the economy and other economic activities now; I believe it would not be long it would be a reality. “Talks were in progress with stakeholders and government partners on the specialised bank project.” Onu said that with ...