The Federal Government of Nigeria, represented by the National Board for Technology Incubation, is advocating for universities to start transforming research into commercially viable products. The call was made by the Director-General, Dr. Raji Kolawole, during a press conference that launched the 2026 NextGen Innovation Challenge. This initiative aims to serve as a developmental catalyst, enhancing Nigeria's position as a leader in innovation on the African continent.

The NextGen Innovation Challenge focuses on crucial high-impact sectors, including artificial intelligence, advanced semiconductors, green energy, and climate resilience. By providing access to funding, mentorship, and opportunities in global markets for Nigerian innovators, the challenge is set to pave the way for enhancing Nigeria's technological landscape. Dr. Kolawole emphasized the importance of this program in accelerating innovation and mobilizing investment, which is vital for Nigeria's economic growth.

The challenge is part of the broader economic reforms advocated by President Bola Tinubu, highlighting the government's commitment to fostering an environment conducive to innovation. By shifting the focus toward commercialization, the government hopes to bridge the gap between research and actual marketable solutions that can benefit the economy and society at large.