Economic recovery plan: Nigeria’ll save N3trn annually – Minister

By Osaigbovo Iguobaro Benin

The Minister of Science and Technology, Dr. Ogbonnaya Onu yesterday assured that the National Economic Recovery Plan will save the nation N3 trillion annually if well implemented.
Onu, disclosed this at the 15th Meeting of the National council on Science and Technology held in Benin City, Edo State.
Recall that the Federal Executive Council (FEC) had approved National Strategy for Science and Technology which is targeted at certain raw materials that can be sourced locally, rather than importation.
He said, statistics from the Nigerian Custom and National Bureau of Statistics showed that the country spent #43 trillion on importation between the year 2010 and 2015.
He also said the strategy is targeted at certain raw materials that can be sourced locally, rather than importation.
Onu, said the Federal Ministry of Science and Technology had launched a 13-year road map adding that “it is available for States to study”.
He emphasised that if the document which is short and long term category, the government would be in a position to create jobs and wealth to the people.
According to him, “this strategy can save the nation of N3trillion if implemented,” Onu said.
The Minister urged the 36 States governors to domesticate the ministry and declared that “no nation has ever attain greatness without Science and Technology”.