NCDMB Launches N60million Science & Technology Innovation Challenge
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, on behalf of the Federal Government of Nigeria, has launched the Nigerian Content Science and Technology Innovation Challenge for all students of tertiary institutions in Nigeria.
The N60 million STIC challenge fully funded by the NCDMB, is an initiative to motivate and challenge Nigerian undergraduates to embrace the culture of Research & Development, Applied Science, Technology and Innovation to create human solutions in the oil and gas industry and other sectors of the Nigerian economy.
In his keynote address at the launch of STIC, Engr. Simbi Wabote said “NCDMB is a catalyst for the industrialization of the of the oil and gas sector and its linkage sectors. We don’t just initiate things and programmes, we see these initiatives and programmes through to the end.”
At the the launch which featured a panel discussion focused on “Leveraging Technology and Innovation to drive Social Impact and Sustainable Economic Growth”, Wabote stated that Nigerian Content STIC seeks to Generate Employment by encouraging Nigerian Students to embrace the culture of research, innovation and entrepreneurship development;
“Support Research and Development (R&D) to provide opportunities for tertiary institutions to develop “science and technological innovations’’ that support the development and operation of local industries;
“Contribute to Gross Domestic Product (GDP) by contributing to the development of the Nigerian economy, thereby reducing the rate of capital flight on R&D;
“Discover Scalable Innovations to discover, incubate and showcase scalable, innovative ideas that have been developed by the Nigerian undergraduates.”
He said the “STIC2020 was born out of the need to position Nigerian tertiary institutions as indigenous and affordable technological hubs that are consistent with the aspirations of the 10-year strategic road map & the NOGICD Act 2010.
“We need to prepare and position our young minds and talents for the fourth industrial revolution that is about to take place. The first thing we need to do is to look at our policies and see how we can support enough of these innovative ideas and bring about the best. Without strong policies we are not going anywhere”, Wabote declared.
The Nigerian Content Science and Technology Innovation Challenge (STIC) website is now open for students of all accredited tertiary institutions to participate. Visit http://stic.org.ng to apply and be among the winners of the 60,000,000 Naira.