TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

98% of industries in Nigeria foreign-owned, says Fed Govt

The Citizen by The Citizen
September 14 2022
in Business
A A
0
98% of industries in Nigeria foreign-owned, says Fed Govt

The Director General of the National Office for Technology Acquisition and Promotion (NOTAP), Dr DanAzumi Mohammed Ibrahim has said about 98 per cent of industries operating in Nigeria are owned by foreigners.

He made the disclosure on Tuesday while flagging off the 2022 Commemoration of African Day for Technology and Intellectual Property Rights at the Innov8 Hub, in Abuja

Ibrahim, therefore, called on African countries to embrace the culture of innovation for the sustainable economic development of the continent.

He said every September 13 was set aside for the Commemoration of African Day by the then African leaders and heads of state to arouse the latent intellectual capabilities of the African youths in Adiss-Ababa, Ethiopia.

According to him, what makes the difference between developed and developing countries was the advancement in technology.

He stressed the need for all African countries to invest more on research and development to ensure the technological advancement of the continent.

Ibrahim said: “More than 90 per cent of technology used in Nigeria is imported and there is no way a country can develop with this. Our research institutions are expected to develop research so that we can come up with alternative technology to reduce importation. But even the educational institutions that are to come up with research are not well funded.

“We must therefore improve on the funding of research. In fact, about 98 per cent of industries operating in Nigeria are foreign-based. Their interest is not to develop our country but make money and transfer it to their own countries”.

He disclosed that Nigeria has started exporting software across Africa, hence there is still a need to bring the industry and academia together.

Ibrahim regretted that the Secondary and vocational schools that were major partners in commemorating the African day with technology and innovation exhibitions are not part of the event because schools were just resuming after a long break.

He stated that while carrying out the statutory responsibility of the Office, it was observed that the culture of Intellectual Property Protection within the knowledge institutions was low, hence the need to establish Intellectual Property and Technology Transfer Offices (IPTTOs) to encourage inventive and innovative activities in the knowledge establishments.

He said that prior to the establishment of IPTTOs, researchers in the Universities, polytechnics and research establishments were not interested in patenting their research and development results rather they publish their inventions for the purposes of career progression.

He said that with IPTTOs in place in the universities, the situation has changed.

In his brief presentation, the Head of Programmes of Innova8 hub, Dr Obichi Obiajunwa said that Innova8 hub is a private owned facility and a non-profit innovations-driven organization with the mandate to groom a generation of innovators, inventors and researchers for national development.

He further stated that Innov8 is a focal point for innovation start-ups, incubation, technology transfer knowledge and skill impartation, prototypes development and fabrication. He added that the organization strategically assist organizations and individuals seeking to transfer their ideas into initiatives, and inventions into solutions.

He expressed appreciation for the partnership that has dovetailed into hosting of the African Day for Technology and Intellectual Property Rights in their facilities.

Previous Post

FirstBank: The embodiment of corporate responsibility and sustainability

Next Post

Lady offers to donate kidney to save Ekweremadu’s daughter

Related Posts

Enugu Air secures approval for Lagos–London route
Business

Enugu Air secures approval for Lagos–London route

November 5 2026
Access Holdings posts N474bn Q3 profit
Business

Access Holdings posts N474bn Q3 profit

November 5 2026
Ikeja Electric apologises for failing 20-hour power supply target
Business

Ikeja Electric apologises for failing 20-hour power supply target

November 5 2026
NUPRC opens bidding for 40 oil, gas blocks November 20
Business

NUPRC opens bidding for 40 oil, gas blocks November 20

November 2 2026
Binance users withdraw $3.6bn after $6.3bn hack
Business

Binance users withdraw $3.6bn after $6.3bn hack

November 2 2026
Why Nigerians’ data finishes fast — MTN
Business

Why Nigerians’ data finishes fast — MTN

October 27 2026
Next Post
Lady offers to donate kidney to save Ekweremadu’s daughter

Lady offers to donate kidney to save Ekweremadu’s daughter

LASG orders tanker drivers, shanties’ occupiers under Lagos Bridge to vacate

LASG orders tanker drivers, shanties’ occupiers under Lagos Bridge to vacate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Fasoranti: Family announces Dec 17 for funeral

Fasoranti: Family announces Dec 17 for funeral

by The Editor
October 23 2026
0

...

Ooni, Omisore mourn Afenifere leader Fasoranti

Ooni, Omisore mourn Afenifere leader Fasoranti

by The Editor
October 21 2026
0

...

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

APPOINTMENTS

Enugu APC releases updated campaign council list

by The Editor
October 31 2026
0

...

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

by The Editor
October 22 2026
0

...

CJN swears in 68 new SANs

CJN swears in 68 new SANs

by The Editor
October 12 2026
0

...

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

ODDITIES

Man stabs neighbor to death over roasted meat

Man stabs neighbor to death over roasted meat

by The Editor
November 5 2026
0

US pastor marries second wife, says monogamy unbiblical

US pastor marries second wife, says monogamy unbiblical

by The Editor
October 26 2026
0

Indian man assaults truck drivers in Lagos

Indian man assaults truck drivers in Lagos

by The Editor
October 13 2026
0

GLOBAL NEWS

Russia agrees to ban recruitment of Ghanaian nationals for Ukraine war

Russia agrees to ban recruitment of Ghanaian nationals for Ukraine war

by The Editor
November 2 2026
0

...

Britain shouldn’t apologise for slave trade; Africa profited, says Kemi Badenoch

Britain shouldn’t apologise for slave trade; Africa profited, says Kemi Badenoch

by The Editor
November 2 2026
0

...

UK to charge varsities $1,200 per Nigerian, other foreign student from 2028

UK to charge varsities $1,200 per Nigerian, other foreign student from 2028

by The Editor
October 27 2026
0

...

Trump seeks US ban for Norwegians over Nobel Peace Prize snub

Trump seeks US ban for Norwegians over Nobel Peace Prize snub

by The Editor
October 27 2026
0

...

Netanyahu orders army to prepare for full West Bank closure after attack

Netanyahu orders army to prepare for full West Bank closure after attack

by The Editor
October 23 2026
0

...

State of the States

Delta SUBEB denies N13.4bn unspent funds claim

Delta SUBEB denies N13.4bn unspent funds claim

by The Editor
October 31 2026
0

...

Ogun State mulls relocation of communities over gas leak

Ogun State mulls relocation of communities over gas leak

by The Editor
October 23 2026
0

...

Gombe confirms cholera outbreak, treats 74 patients

Gombe confirms cholera outbreak, treats 74 patients

by The Editor
October 21 2026
0

...

Ogun pensioners demand gratuities, pension increases

Ogun pensioners demand gratuities, pension increases

by The Editor
October 9 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Enugu Air secures approval for Lagos–London route

Enugu Air secures approval for Lagos–London route

November 5 2026
Man stabs neighbor to death over roasted meat

Man stabs neighbor to death over roasted meat

November 5 2026
IMF warns Nigeria as Tinubu plans to borrow $5 billion from UAE lender

2027: Tinubu has no business remaining in power, says Tambuwal

November 5 2026
FG outlines criteria for N50k cash grant beneficiaries

FG outlines criteria for N50k cash grant beneficiaries

November 5 2026

EDITORIAL REVIEW

Nigeria’s damning food affordability crisis – Punch

Nigeria’s damning food affordability crisis – Punch

by The Editor
November 2 2026
0

Four states hold high-level talks to tackle insecurity

Boko Haram compounding Nigeria’s case – Punch

by The Editor
October 23 2026
0

Nigeria’s inflation rate falls to 15.43% in July

Economic stability must become shared prosperity – Punch

by The Editor
October 22 2026
0

Nigeria’s vote-buying scourge – Punch

Nigeria’s vote-buying scourge – Punch

by The Editor
October 21 2026
0

Perils of LG Electoral Commission – Punch

Yes, voters, not courts, must decide elections – Punch

by The Editor
October 20 2026
0

Opinion

NAFDAC mops up Europharm products nationwide

What is a Nigerian’s life worth?

by The Editor
November 2 2026
0

...

Blackouts: Broken promises, powering failure – Punch

The revenge of Band A

by The Editor
October 27 2026
0

...

2027: Wike, APC governors clash over Rainbow Coalition

Why are governors getting worse?

by The Editor
October 13 2026
0

...

As we celebrate the girl-child, let us not forget the boy-child

As we celebrate the girl-child, let us not forget the boy-child

by The Editor
October 12 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.