The Nigerian Federal Government is taking significant steps to bolster research financing to propel enterprise development and commercialization, as announced by the Minister of Science, Technology and Innovation, Dr. Kingsley Udeh. This initiative was unveiled during the Nigeria-EU Science and Innovation Day held in Abuja, which attracted policymakers, researchers, and private-sector actors, all aiming to enhance collaboration and institutional partnerships.

In his keynote speech, Udeh emphasized the importance of focusing on key areas for collaboration, particularly in agricultural productivity and food security, digital transformation, and emerging technologies. His commitment to these priorities signals a strategic approach to leveraging science and technology for national development. He stated that the implementation of these collaborative efforts would be managed through an inter-ministerial framework that would be chaired by Vice President Kashim Shettima, indicating high-level government support for this initiative.

Furthermore, Udeh highlighted that the plans for enhancing research financing mechanisms include expanding international research partnerships. This move aims not only to accelerate the commercialization of research outcomes but also to create a supportive ecosystem for enterprise growth in Nigeria, ultimately contributing to economic development and technological advancement in the country.