‘NASENI’s $3.25bn Investments Strengthen Nigeria’s Industrialisation Drive’

National Agency for Science Engineering and Infrastructure (NASENI) has strengthened Nigeria’s industrialisation drive with a $3.25 billion increased valued investments, which is one of the initiatives to reposition and rebrand the agency.

This was disclosed by the executive vice chairman of NASENI, Khalil Halilu during a news conference to mark his one year in office and the milestone that the agency has made in the production of commercially viable products that are market-ready.

He noted that NASENI’s has been repositioned with the 3Cs, which include; Creation, Collaboration and Commercialisation. These will help in making sure that the agency will increase investment in creating more products for Nigeria through innovation and inventiveness. It also entails collaboration with partners who have tract records in manufacturing and the commercialization of the products to add value to the Nigerian economy.

In his Milestone Report, Halilu said his vision and rebranding has advanced Nigeria’s industrialisation efforts, adding that NASENI has launched Accelerated Technology Transfer Framework. Developed the 2023-2027 Strategic Launchpad as well as reformed the agency’s governance and launched the growth hacker platform for staff ideas.

The agency has also launched an innovation hub, Hatchbox for STEM education, digitised agency services and operations, developing AI solutions and online global management courses.

The NASENI boss noted that the agency has made efforts to introduce electric vehicles and solar facilities that will help Nigerian farmers to water their farms for more productivity.

Some of the products include; smart meters, power stoves, laptops, solar lamps among others.

Halilu said “Since my appointment to spearhead Nigeria’s industrialisation reforms under President Bola Ahmed Tinubu’s administration, we have been on an accelerated path to drive the 8-strategic pillars that anchors his vision for Nigeria. Central to the effort is our ‘Accelerated Technology Transfer and Adaptation Strategy’ an initiative to fast-tract our technological advancement.

“Under this strategy, we have rolled out an array of 35 commercially viable products. Each of these products is a technological advancement and a testament to our commitment to sustainable industrial practice and reducing our dependence on imports. This –in turn- fuels economic growth.

“By focusing on innovation and homegrown solutions, these products contribute to our job creation drive and the growth of Nigeria’s economy. Our goal is to support the diversification of the Nigerian economy and strengthen our position in the global technology and manufacturing landscape.

“Today, Nigeria stands on the brink of its own industrial renaissance, with NASENI at the forefront of several of the key initiatives. Over the past year, we have moved beyond a future of industrial growth to actively building it.

Our portfolio now includes 35 market-ready innovations- from affordable solar lamps that can power our streets to cutting-edge agricultural technologies that can help make putting food on Nigerian families easier.

These are not simply products; they are answers to the urgent challenges of energy access and food security.