Summit to Address Economic Lapses in Technology Innovation


Emma Okonji

Worried about the present economic challenges facing Nigeria, which has been traced by experts to dearth of innovation and the slow attitude of government to support technology startups, the Nigeria Innovation Summit has said it will address all issues relating to technology innovation between September 7 and 8 in Lagos.

The Nigeria Innovation Summit is an annual event that brings together stakeholders from different sectors of Nigeria’s economy to share ideas, trends, and opportunities around technology, innovation and entrepreneurship development in Nigeria.
The Summit, according to Emerging Media, the organiser, seeks to promote the need for Nigeria to become more innovative and apply innovation across all sectors to drive economic growth and sustainable development through emerging technologies, research and development, entrepreneurship, commercialisation and investments as key drivers of an innovation ecosystem.

MD/CEO, Emerging Media, Mr. Kenneth Omeruo, said: “Nigeria has the potential to be a global economic power if we embrace and invest heavily in technology and innovation. Every sector in Nigeria’s economy needs disruptive ideas driven by technology. “Right now we are nowhere in the global innovation index and the world is moving at a very high speed. It is instructive to note that Tunisia ranked 45th and Morocco 50th as the only African countries mentioned in the 2017 Bloomberg Innovation Index, which scores economies using factors including research and development intensity and the concentration of high-tech companies.

“South Korea, Sweden, Germany, Switzerland, Finland are the top five countries in that index. I think there is so much to learn from these countries. We should be implementing policies and investments that will encourage technology, innovation and entrepreneurship in Nigeria.

“The Nigeria Innovation Summit 2017 is offering a platform to engage stakeholders across all sectors on the need for such.”
He further emphasised the urgent need for Nigeria to invest in innovation, research and technology development, in order to become an innovation-driven nation and hence, improve in the Global Innovation Index ranking, attract foreign investments and boost the economy and life of the people.

The 2017 Summit under the theme ‘Transforming Nigeria’s Economy through Technology, Innovation and Entrepreneurship’, provides opportunities for the 36 States, Ministries, Departments and Agencies of Government (MDAs), as well as corporate bodies to showcase their agenda for digital transformation and innovation agenda.