FG TO ESTABLISH TECHNOLOGY DEVELOPMENT BANK – MINISTER

The Minister of Science and Technology, Dr. Ogbonnaya Onu has disclosed that the Federal Government is in the process of establishing a science and technology development bank.

The minister made this known when the leadership of the National Association of Motor Mechanics and Technicians led by its president, Suleiman Oseni, paid him a courtesy visit in Abuja on Monday.

According to Onu, the aim of setting up the technology development bank is to assist the informal sector, close technological gaps and give financial assistance for research and innovations activities.

The Association President called on the ministry to establish an all-inclusive research department and to also develop ancillary industries for the production of car components and accessories to engage mechanics in Nigeria.