Nigeria to save N3trn from local content usage

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Ogbonnaya Onu, Minister of Science and Technology

The Minister of Science and Technology, Dr Ogbonnaya Onu, says the present administration will ensure that Nigeria saves up to N3 trillion through the adoption and usage of local contents within the next five years.

Onu said this at the commissioning of N500 million data centre for the Nigerian Stock Exchange on Monday in Lagos.

He said that the target could be achieved if the country could rely less on imported raw materials for manufacturing and productions.

According to him, the government has already passed three major initiatives through the Federal Executives Council which focuses on the implementation of the science, technology and innovation roadmap for 2017 to 2020.

Onu said that the initiative could take a longer period but had decided to take up the three years medium- term to ensure that the roadmap was implemented…

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