We‘ll allocate 0.5% of our GDP to research, innovation — Buhari

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We‘ll allocate 0.5% of our GDP to research, innovation — Buhari

Pledges commitment to bridging digital divide

By Emmanuel Elebeke

President Mohammadu Buhari says the federal government will allocate 0.5 percent of the nation’s Gross Domestic Product (GDP) to research and innovation.

The President made the pledge on Monday while declaring open the 2021 Technology Expo tagged: “Science, Technology, and Innovation for Economic Recovery and Sustainability Amidst COVID-19 Challenges’’, at Eagles Square, Abuja.

He said his administration has made considerable improvements in the budgetary allocations to the Ministry of Science and Technology in the last few years to increase research and innovation with the aim of achieving sustainable development.

President Buhari, who was represented at the event by his Vice, Prof. Yemi Osinbajo said the 0.5 percent allocation to research and innovation is in line with the decision taken at the African Union Executive Counsel in 2006 to establish a target for all member states of  1% of GDP…



Source: Vanguard Newspaper

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