The Nationwide Workplace for Know-how Acquisition and Promotion (NOTAP) has mentioned that strict regulation of overseas expertise imports and the promotion of native improvements are essential to stabilising the Naira and safeguarding Nigeria’s economic system.
NOTAP Director-Basic, Obiageli Amadiobi, acknowledged this on Friday at a media briefing forward of the upcoming NOTAP Know-how and Innovation Summit (NTIS 2025), scheduled for six–7 November in Lagos.
She acknowledged that the company will solely register applied sciences which can be related to Nigeria, whereas improvements already developed regionally can be prioritised.
Amadiobi defined that unregulated expertise imports have traditionally facilitated capital flight, placing strain on the Naira and weakening the economic system.
“The end result of correct registration is that we carry down the strain on our greenback, thus discouraging capital flight. Most individuals need to use sure expertise platforms to maneuver funds overseas, making our Naira fluctuate with out management,” she famous.
In line with her, the latest positive factors within the Naira are proof that strategic regulation and native content material promotion are beginning to yield outcomes.
Talking on the summit, she mentioned the two-day occasion would convene authorities officers, personal sector leaders, teachers, and start-ups to debate coverage frameworks that align technological adoption with nationwide financial pursuits.
In line with her, the discussion board will function a strategic platform to foster dialogue and motion round innovation coverage, expertise switch, mental property, and commercialisation.
She mentioned the summit will characteristic the launch of Challenge Nigeria’s Outsourcing Worth Acceleration (NOVA), expanded promotion of the Native Vendor Coverage past ICT, workshops on IP administration, and exhibitions showcasing native start-ups and improvements.
Amadiobi mentioned hackathons and pitch competitions are deliberate to combine younger innovators into the broader economic system.
“This isn’t nearly innovation for its personal sake; it’s about retaining worth inside Nigeria and empowering native innovators to compete successfully,” she mentioned.
