Economy stakeholders in Nigeria have charged the Federal Government to do more in creating innovation-driven programmes to develop the Nigerian economy.
The charge was made during a breakfast forum of the Nigeria-South Africa Chamber of Commerce in Lagos, adding that, the Federal Government should come up with policies that would address technological challenges to enable the national economy compete on a global scale.
With the theme, “Building Great Institutions, Governance, Succession and Service,” the event pushed for stakeholders to embrace innovation for developing the nation’s economy and also expounded the benefits of the effective application of Big Data in the industrial sector.
According to the chamber’s chairman, Mr. Foluso Philips, innovation was key to the economic development of any nation.
He said: “If you take a look at Nigeria’s economy, you will discover that the level of innovation and technology in the country is low and not where it should be, therefore working policies should be made to support human capital, research/innovation, infrastructure and a sophisticated business community.”