The Senate Committee on Science and Technology headed by Distinguish Senator Uche Lilian Ekwunife Iyom has said that the National Board for Technology Incubation is a strategic Agency of Federal Republic of Nigeria. She went further to state that Technology Incubation Programme is a strong tool for the diversification of Nigeria's economy and needed more funding to perform optimally. Senator Ekwunife made this call while addressing journalists and Staff during an over sight/familiarization visit to Technology Incubations Centres at Port Harcourt, Owerri, Enugu, Abakalili and Nnewi. She said that the oversight function which is a constitutional duty and in line with the oversight powers of the Senate committee is targeted at identifying the challenges of the Incubation Centres with a view to proffers solution. She stressed the need for harmonious relationship with the Executive arm of government that will ensure that NBTI occupies its rightful position in the diversification of Nigerian economy.
Ekwunife emphasized the need for a paradigm shift from the country’s mono-economy to a more robust and technology driven economy. She stated that a shift is taking place in world economies in which trade in commodities is slowly giving way to trade in Science & Technology products and services. This shift according to her suggests that the traditional development path under which the economic base of a country depend may no longer strictly apply either now or in the future due to the threat, fear and situation created by the coronavirus pandemic. She said that the only way out is for the country to invest in Science and Technology through a well-structured, planned, formulated and implemented funding.
Other Members of the Senate committee on the visit are Senators Saidu Alkali, Obinna Ogba and Istfanus Gang. The Director General/CEO of NBTI was accompanied by Engr. Dr. Peter Ogbobe, Director Information and Communications Technology, the Zonal Director of the South South Zone Mr. Kennedy Eze and the Board's Public Relations Officer Mr. Reuben Shagu.