By Okeoghene Akubuike
The Executive Secretary, Tertiary Education Trust Fund (TETFund), Prof. Suleiman Bogoro, says research and development infrastructure and productivity in Nigeria stands at 0.02 per cent.
Bogoro said this during the inauguration of the Ad-hoc Committee on Research and Development, aimed at deepening the research and development mandate of the fund in Abuja on Thursday.
The executive secretary described the figure as very disturbing and in need of urgent improvement.
He said the absence of a national platform for the regulation and strengthening of research and development was responsible for the weak level in the country.
He said in developed countries the level of research and development was between three per cent and five per cent and in some cases 10 per cent.
Bogoro noted that investment in research and development and human capital was central for economic success.