Abuja, – The Federal Government is to introduce Technology Transfer Initiative (TTI), in 2016 to encourage investors to develop local competencies in Nigeria.
Dr Ogbonnaya Onu, the Minister of Science and Technology, announced this while receiving the Ambassador of Spain to Nigeria, Alfonso Sabastin, in his office.
Onu said government would ensure that enabling environment was created for investors in order to have adequate returns on their investments.
He urged Spain to utilise the opportunity to be created by TTI to develop Nigeria local competencies.
According to the minister, Nigeria has a cordial and long standing relationship with Spain.
“I, therefore, invite Spain to take advantage of Nigeria’s plan to diversify its economy and the various opportunities this present in view of the vast and abundant non-oil mineral resources available in the country.’’
He urged the ambassador to assist in establishing collaboration between research and development agencies under the ministry with their counterparts in Spain as a means of strengthening their competencies and capabilities.
In his remarks, the envoy expressed satisfaction with the long and excellent relationship between his country and Nigeria.
[pro_ad_display_adzone id=”70560″]
Sabastin said Spain was Nigeria’s second largest trading partner with an annual 6.2 billion Euros in favour of Nigeria.
He assured the minister that Spain was ready to play more prominent role in the Nigerian economy especially in the non-oil sector such as renewable energy, health, agriculture, leather, bio-technology, and manufacturing, among many others. (NAN)