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Published On: Tue, Jul 21st, 2020

Arewa youth support establishment of National innovation Agency

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From: Femi Oyelola, Kaduna

The leadership of Arewa youth Assembly, has called on members of the House of Representatives for the second reading for the establishment of the National innovation Agency, (Establishment Bill 2020), in view of the sensitivity of the bill and its importance to national development.
The National innovation Agency, if enacted, according to the Arewa youth, would coordinate innovation activities as well as administer funding to grow and support the innovation ecosystem and entrepreneurship in Nigeria.
This is contained in a statement issued on Saturday and made available to Daily Post by Mohammed salihu Danlami,
Speaker, Arewa Youth Assembly, observing that this is what Nigeria lacks but so desperately needs at the moment so that we can have a knowledge-based economy.
The statement explained that the National Innovation Agency being proposed would play a leading role in the development of Nigeria’s innovation ecosystem by coordinating, networking, fostering, and partnering different organizations from various fields such as academia, technology, industry, finance and investment.
The statement further explained, “Its main focus will be on utilizing knowledge management to achieve innovation, which could be employed as the principal tool in improving quality of life and as a driving tool for an increasingly competitive economy. NiNNOVA will rely on academic and financial support mechanisms to drive and support innovation development.”
It stated that the agency would undertake a broad-based and systematic approach in facilitating innovation development in Nigeria, both in terms of making improvements and pioneering new initiatives, adding that it would focus on fostering strategic innovation and industry innovation, which will enhance national productivity, encourage economic restructuring and social development as well as promote national competitiveness.
“Commodity-based economy such as the one we currently operate does not get any country anywhere in terms of national development. It is noteworthy that South Korea which developed an innovation-based economy and is not up to the size of a state in the Soviet Union, has about the economic size of the Soviet Union,” the Arewa youth observed.
The statement noted that the proposed National Innovation Agency shall act as a catalyst for socio-economic transformation and national development, to facilitate the establishment and development of new technology-based enterprises, to facilitate knowledge transfer from universities to companies and to society, to build synergy between industry, academia and government.
It added that the agency would help to establish and nurture technology-based startup enterprises and assist existing companies become more innovative and entrepreneurial.
It said the agency would provide need-based science, technology and innovation management training to researchers, entrepreneurs and industry and would help commercialize research, manage innovations, promote intellectual property and commercialize technologies.
The leadership of Arewa youth Assembly expressed its gratitude to the Honourable Speaker and Honourable members of the 9th Assembly for the successful 1st reading of the Bill to Establish a National Innovation Agency (Establishment Bill 2020) on the 2nd of July 2020 as sponsored by Rep. Chris Emeka Azubogu, stressing that the Bill is of national interest and importance as it will drive the process for diversification of the economy as many countries which have followed this line have witnessed tremendous benefits and are among the most developed countries in the world.

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