Science, Technology and Innovation, Key To Economic Development – Emefiele

Godwin Emefiele, CBN Gov

The governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has disclosed that investment in science, technology and innovation, holds the key to the economic progress and development of any nation.

Emefiele made the disclosure in a lecture titled ‘Financing Sciences, Technology And Innovation (STI) For The Development Of Agro Allied Industries In Nigeria to the participants of the senior executive course SEC 39 of the National Institute Of Policy And Strategic Studies (NIPSS), Kuru near Jos, the Plateau State capital.

The CBN governor, represented by the deputy governor, Corporate Services, Alhaji Suleiman Baru, said development worldwide is largely driven by the ability to develop, distribute and exploit intelligence to achieve competitive edge, create wealth and improve the welfare of citizenry.

He added that breakthroughs in Science, Technology and Innovation (STI), particularly in information and communication technology, have brought technology to the reach of an overwhelming number of the global population, increasing their frontiers to explore and even expand innovations further into limitless opportunities.



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