Nigeria To Emerge Africa’s Economic Hub In 2026- Onu

Minister of Science and Technology, Dr. Ogbonnaya Onu has said the commitment of President Muhammadu Bu­hari towards diversifying the nation’s economy will make Nigeria an economic hub of the continent in the next 10 years.

Playing host to the Manag­ing Director of United Na­tions Industrial Development Organisation (UNIDO) Pro­gramme Development and Technical Cooperation Divi­sion, Philippe Scholtes, in Abu­ja at the weekend, the minister said the ministry was commit­ted to use science and technol­ogy to save the nation by grow­ing its economy.

Onu thanked UNIDO for its contributions globally and in Nigeria with the partnership to grow energy and agro-business.

He appealed to UNIDO to increase its efforts as well to­wards boosting agriculture to ensure food security in the country.

The minister specified that UNIDO’s involvement in food protection will not only lift farmers out of poverty but will tame rural-urban migration.

“We will be very happy if you could add food security because you will touch more persons and would be able to lift more persons out of pov­erty in Nigeria,” he said.

Earlier, Scholtes told the minister that UNIDO has ear­marked $2.6 billion for the development of Small Hydro Power (SHP) plants in Nige­ria in line with its mandate to promote, and accelerate inclu­sive and sustainable industrial development in developing countries.

“We obtained funding for $2.6 billion to help us dem­onstrate the small scale hydro power to powerhouse and fac­tories in places that have not been reached by electricity.

“This project funded by Global Environment Facility funds is meant to help coun­tries address environment is­sues that can benefit the global communities,” the UNIDO boss stated.

Credit: Sun