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FG Begins Implementation of Abuja Technology Park Master Plan
The Federal government yesterday said it has commenced the implementation of the Master Plan for the establishment of the SHESTCO Science and Technology Park at SHEDA in FCT, Abuja.
The minister of Science, Technology and Innovation, Sen. Adeleke Mamora disclosed this while declaring open a 2-Day Stakeholders workshop on the development and management of science and technology park and the integration of Technology Forsight for National development.
He said the Ministry has over the years embarked on national and international workshops and other advocacy programmes to sensitize and create awareness and enlightenment for stakeholders including Universities and Research Institutes across the country on the Nigerian Science and Technology Park initiative.
According to him, Science Parks have many advantages on National economies, especially as they: Stimulate and effectively manage the flow of knowledge and technology amongst universities, R&D institutions, companies and markets; facilitate the creation and growth of innovation-based companies through incubation and spin-off processes; and provision of other value-added services together with high quality space and facilities.
The minister, who was represented by the Permanent Secretary in the Ministry, Mrs. Monilola Udoh, noted that the Ministry is already partnering with institutions and development partners locally and internationally to assist in the implementation of the SHESTCO Science and Technology Park.
The organizations include; the World Technopolis Association, UNESCO, Science Parks and Government of Poland, China Great wall Industry, United Kingdom Science Park Association (UKSPA) etc.
He listed some of the achievements of the initiative as; the production of feasibility report and business plan by UNESCO and the production of Master Plan for the project which is being implemented, saying that the park, when completed would spur Nigeria into industrialization.
Mamora described as welcome development the collaboration between the Ministry and some Agencies and Universities such as the Project Development Institute (PRODA), University of Nigeria Nsukka (UNN) which already has a functional Science Park and some State Governments that have indicated interest in establishing their own Science Parks in a manner that will be mutual beneficial.
”The Federal Government has mandated the Ministry to establish, promote and facilitate the establishment of Science and Technology Parks in Nigeria for Nigeria’s sustainable Development.
‘‘On the other hand, Technology Foresight which is also the other area to be discussed at this workshop, provides a frame work to think about the possible future in a structured and constructive way.
Technology Foresight is not about predicting a predetermined future, but about exploring how the future might evolve in different ways, depending on the actions and decisions taken today.
‘‘The Technology Foresight initiative also provides suitable methodologies to promote sustainable and innovative development, fostering economic, environmental and social benefits at national and regional levels.
Its outcomes are policies and programmes that deal with innovation, industrial growth and competitiveness. Nigeria therefore must embrace Technology Foresight for policy and planning and ultimately for the socio-economic development of the country.
‘‘Permit me to say that the involvement of the private sector is necessary in the Science Park project which is based on the triple Hellx Model of the Government, Academia and the Industry.
“Because of dwindling resources, Nigeria, just like other countries is leveraging on the expertise and financial resources of the Private Sector for the implementation of the Science Park and other projects through Public Private Partnership (PPP). The Ministry has several flagship programmes including the Science Park which are earmarked for PPP.’’
He however, re-iterated the resolve of the Federal to promote the evolution of Innovative technologies that would help reduce import dependence, enhance local content and strengthen self-sufficiency in our productive capacities, especially as a nation desirous of creating jobs, reducing poverty and strengthening her economy.
He further charged participants to brainstorm exhaustively and chart the best way for the implementation of the SHESTCO Science and Technology Park Master Plan and of course the of Science Parks in Nigeria, and also how to leverage on Technology Foresight for Planning and Policy formulation as well as Resource Persons.
Earlier in her welcome address, Mrs. Monilola Udoh, the Permanenent Secretary, said the absence of linkage among the stakeholders have adversely affected the development of indigenous technology transfer and had encouraged undue reliance on foreign technical assistance.
While calling for synergy in fast-tracking the development of the park, the PS said other fast developing Nations such as China, Singapore, Korea, Malaysia etc, realized how the development and effective management of Science Parks could transform underdeveloped country to a developed one and hence, decided to develop Science and Technology Parks with spin-off companies running into hundreds and employing thousands of their citizens,
According to her, the role of the ministry is to provide the general leadership and guidance in the implementation of the project alongside with other relevant agencies in handling policy issues and funding for the project; the Research Institutes are to provide the R&D results for commercialization, while Universities and other tertiary institutions are to provide the skilled man power for the SHESTCO S&T Park.
In his goodwill message, the Director General of SHETSCO, Prof. Peter Onyenekwe said the Silicon Valley project of the ministry recognizes the importance of increasing and strengthening the linkage between Nigeria’s government, knowledge/research centres and industry.
As an institute, he said the complex hopes for the S&T park to create a focal point for the building critical mass for infrastructure and expertise that would catalyze and fast-track the commercialization of existing and emerging technologies and research output; foster a robust system of innovation through effective interaction among government, knowledge centre and industry in a corridor of technology that stretches from SHEDA to all part of the country and apart from the initial take off grant, the project should be self-sustaining.
‘‘The increased interest in the development of science and technology Parks globally is related to the need to foster a viable innovation led sector as well as the need for a robust research and development base, using indigenous human capital and associated commercialization of technology to accelerate economic development,’’ he said.
Sapphire Technologies, energy recovery systems specialist has formed a strategic partnership with Horizon Shores Nigeria Ltd., marking its entry into the African market.
Sapphire Technologies said in a media release that the collaboration will enable the deployment of its FreeSpin In-Line Turboexpander technology, an energy recovery system designed to capture and convert otherwise wasted pressure energy into clean electricity.
Through the partnership, Sapphire Technologies said it aims to provide clean power solutions across Nigeria’s midstream and upstream sectors. The solutions will enable oil and gas operators to enhance energy efficiency, reduce carbon emissions, and improve economic outcomes, the company said.
“Our partnership with Horizon Shores is a milestone for Sapphire Technologies as we expand into one of Africa’s most dynamic energy markets”, said Freddie Sarhan, CEO of Sapphire Technologies.
“By leveraging our FreeSpin In-line Turboexpander technology, Nigeria could see significant gains in energy efficiency and economic resilience, reducing dependence on traditional power sources and fostering a greener future”.
Nigeria is a significant player in the global oil and gas market, with an estimated 37.5 billion barrels of crude oil and 209.26 trillion cubic feet of natural gas reserves, Sapphire Technologies noted.
The country’s oil and gas market is expected to reach a production capacity of 4.6 billion cubic feet per day in 2024, highlighting its potential for further growth, the company said.
This context underscores the importance of Sapphire Technologies’ partnership with Horizon Shores in bringing clean energy solutions to this dynamic market, it said.
“This partnership with Sapphire Technologies allows us to integrate state-of-the-art energy recovery systems, meeting Nigeria’s energy needs while supporting our commitment to environmental sustainability”, said Oluseun Olusola of Horizon Shores Nigeria Ltd.
“With Sapphire’s FreeSpin technology, we’re opening new pathways to decarbonize our industry while achieving long-term economic benefits”.
Sapphire Technologies and Horizon Shores plan to deploy over a dozen turboexpander projects in Nigeria over the next three years.
News
Jiji Honoured as Best in Retail Range Excellence, Unveils Mega Black Friday Discounts Across categories
Jiji, Africa’s online marketplace, has been awarded the prestigious title of “Best Retail Organization in Range Excellence” at the Africa Retail Awards 2024.
The event was hosted by the Africa Retail Academy and Lagos Business School – Pan Atlantic University in partnership with Nairametrics and KPMG.
This accolade highlights Jiji’s exceptional dedication to delivering a wide and diverse product range that meets the needs of millions of buyers and sellers across Nigeria.
The recognition comes as the organisation gears up for its biggest sales event of the year – Black Friday 2024. With the award highlighting the organisation’s vast product offerings, this year’s Black Friday campaign promises to be the most exciting yet for shoppers seeking unbeatable deals across various categories.
Statistics by the National Retail Federation predicts that holiday spending will grow 2.5-3.5% YoY this 2024, reaching around $985 billion, while online shopping is expected to increase 8-9% YoY by end 2024, reaching around $296 billion in sales.
What’s the deal this Black Friday?
To celebrate its win and further demonstrate commitment to Nigerian consumers, Jiji is launching a Black Friday campaign featuring jaw-dropping discounts of up to 85% across its product categories.
Starting from today until November 29, 2024, shoppers can take advantage of significant savings on everything listed on Jiji from smartphones and electronics to fashion, furniture, and beauty products.
“We’re honoured to receive the ‘Best Retail Organization in Range Excellence’ award. This recognition reflects our dedication to offering an expansive selection of products that cater to diverse consumer needs,” – Majolie Obaje, Regional head of PR & Marketing, Jiji
“As we kick off our Black Friday campaign, we’re excited to give our customers access to incredible deals across over 15 categories. We remain committed to promoting the power to bargain, affordability, and convenience for our 12m+ users on Jiji. Customers all over Nigeria are set to save big while they get more value for their money.” – Majolie Obaje, Regional head of PR & Marketing, Jiji
What should shoppers expect?
Jiji has teamed up with verified top sellers to bring exclusive offers, providing a wide range of discounted items across categories including popular ones like:
Phones & Tablets: Buyers can explore incredible prices on smartphones, tablets, laptops, and gaming consoles. Verified sellers are offering discounts of up to 85%, making it the perfect time to upgrade tech devices for less.
Fashion: Shoppers looking to revamp their wardrobes will find unbeatable deals on outfits, shoes, and accessories. Jiji’s fashion category offers everything from trendy streetwear to luxury items at fantastic discounts.
Home, Appliances & Furniture: Customers can elevate their living spaces with affordable furniture, home appliances, and air conditioners, all available at up to 85% off. It’s a prime opportunity for families to enhance their homes at pocket-friendly prices.
Health & Beauty: Luxurious fragrances, skincare products, and makeup essentials are all on sale, with significant markdowns that make it easy for beauty enthusiasts to grab their favourite items without breaking the bank.
Exclusive Black Friday shopping tips for buyers?
To ensure customers get the best out of this year’s Black Friday campaign, Jiji offers dedicated landing pages to their favourite items where they can easily discover the hottest deals. The company also advises shoppers to:
Search early and frequently: New deals are added regularly, so checking in often will help buyers get the most desired items.
Act fast: With limited-time offers and high demand, products may sell out quickly.
Prioritise safety: Jiji emphasises the importance of following its safety tips when completing transactions. The platform encourages buyers to meet with sellers in public places, inspect items to be sure they meet their request, and only pay if satisfied.
What’s the impact on Nigeria’s e-commerce industry?
Jiji’s unique approach to offering a broad product range at competitive prices and its meet-inspect-pay model have been instrumental in shaping Nigeria’s e-commerce space.
This Black Friday, the platform’s campaign not only reinforces its position as a market leader but also highlights the growing trend of online shopping among Nigerian consumers. Reports show consumers are increasingly concerned that in-store prices are not competitive with online prices, with 20% of consumers saying they’ll increase their online spend this 2024.
Jiji’s recognition by the Africa Retail Awards comes at a time when consumer expectations are evolving. There’s now a strong preference for platforms that provide variety, convenience, and value.
The organisation’s ongoing efforts to strengthen the platform, and its strategic collaborations with top sellers, reflect its adaptability to market trends and commitment to delivering a superior shopping experience.
Economic and Financial Crimes Commission (EFCC) has arrested Timber Kesiye Wabote, the former Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), over allegations of misappropriating $35 million in public funds linked to the failed Brass Project in Bayelsa State.
Wabote’s arrest follows the earlier detention of Akintoye Adeoye Akindele, the Managing Director of Atlantic International Refinery and Petrochemical Limited, who faces charges of money laundering, misappropriation, and diversion of funds.
The investigation centers around a project that was meant to develop an Energy Infrastructure Park in the Okpoama Community, Brass Local Government Area, Bayelsa State, including a refinery, jetty, gas plant, power plant, data center, and tank farm with the capacity to process 2,000 barrels of oil per day. NCDMB, under Wabote’s leadership, had reportedly provided counterpart funding of $35 million for the initiative.
However, the project was abandoned in December 2020 with minimal progress made despite the substantial funds allocated. Investigations revealed that Akindele was paid the $35 million by NCDMB to oversee the construction of the refinery and associated facilities. The funds were reportedly misappropriated, leaving little to show for the investment.
Preliminary findings suggest that Wabote, during his tenure as NCDMB Executive Secretary from 2016 to 2023, was involved in multiple such investments, including the Brass Free Trade Zone initiative. Wabote’s arrest is tied to the mismanagement of the $35 million intended for the refinery project.
The EFCC is currently holding Wabote at its Abuja facility, while investigations continue into the case, with other suspects also under scrutiny.
EFCC spokesman, Dele Oyewale, confirmed Wabote’s arrest on Wednesday but declined to provide additional comments on the matter.
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