The Federal Government of Nigeria, through the National Board for Technology Incubation (NBTI), has called on higher education institutions to initiate the commercialization of their research. This push comes ahead of the 2026 NextGen Innovation Challenge, aimed at transforming Nigeria into a leader in innovation across Africa. The call to action emphasizes the need for universities to bridge the gap between academic research and market viability, which could stimulate economic development and create job opportunities.

During a press briefing in Abuja, Dr. Raji Kolawole, Director-General of the NBTI, highlighted the importance of the NextGen Innovation Challenge as a major initiative that seeks to catalyze national development. This competition emphasizes key areas such as artificial intelligence, advanced semiconductors, green energy, and climate resilience. By focusing on these sectors, the initiative aims to provide innovators with the necessary access to funding, mentorship, and pathways to global markets, ultimately empowering them to create viable and impactful products.

Dr. Kolawole remarked on the significance of President Tinubu’s economic reforms in supporting this strategic vision for Nigeria. By positioning Nigeria as an innovation hub in Africa, the government believes that fostering a culture of commercialization in research will not only enhance academic collaboration but also attract international investment, thus driving sustainable economic growth in the country.