The National Agency for Science and Engineering Infrastructure (NASENI) of Nigeria has said it will start commercializing its products and technologies by the first quarter of 2024.
The agency’s executive vice chairman, Khalil Suleiman Halilu, made the announcement on Thursday, November 2nd, 2023, during his maiden television media interaction held at the agency’s headquarters in Abuja.
Halilu said NASENI has a number of prototypes that are ready to be commercialized, and that the agency is working with private sector partners to bring them to market.
He also said that NASENI has signed a $200 million deal with the Rural Electrification Agency (REA) to supply renewable energy products.
Halilu said that NASENI’s focus on commercialization is part of its efforts to boost Nigeria’s economy and reduce unemployment.
“We are going to do a national re-branding to have footsteps of NASENI products in every household in the country,” he said. “In the next few years this is what Nigerians should expect. We are no longer going to sit back to watch endless research and prototypes, keeping them on the shelves.”
Halilu said that NASENI is also working to attract foreign direct investment to Nigeria. He said that the agency recently signed a $2 billion memorandum of understanding (MOU) with the Belt and Road Initiative (BRI) Forum for technology transfer into Nigeria.
The MOU has the potential to yield about $6 billion in FDI to Nigeria, according to Halilu.
“Everyone is looking forward to Africa,” he said. “There is no better time than now to leapfrog development, reduction of unemployment and alleviation of poverty. We have resources in abundance and we have to add value to whatever we are doing.”
Halilu said that NASENI is working with the Nigerian government to develop policies that will support the commercialization of its products and technologies.
He also said that NASENI is engaging with stakeholders, such as the National Assembly and the private sector, to get their support for its commercialization efforts.