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Watch Nigeria > Blog > Business & Economy > FG Inaugurates Committees To Drive Analysis Commercialisation
Business & Economy

FG Inaugurates Committees To Drive Analysis Commercialisation

Last updated: January 14, 2026 9:07 pm
Terfa Ukende
4 hours ago
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FG Inaugurates Committees To Drive Analysis Commercialisation
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By Funmilayo Adeyemi

The Federal Authorities on Wednesday inaugurated a steering committee in addition to coverage drafting committee for the Nationwide Analysis to Commercialisation Coverage.

It mentioned the inauguration geared toward translating analysis outputs into tangible financial and social worth.

The Minister of Schooling, Dr Tunji Alausa, who mentioned this on the inauguration in Abuja, mentioned the initiative would reposition analysis and innovation which served as deliberate drivers of financial progress and industrial competitiveness.

Alausa mentioned Nigeria had invested considerably in analysis throughout universities, analysis institutes and specialised businesses, however lamented that the interpretation of analysis outcomes into services and products had remained weak and fragmented.

“Over time, Nigeria has produced beneficial information and progressive concepts, however the pathway from analysis to actual affect has remained weak, fragmented and largely unstructured,” he mentioned.

He defined that the Nationwide Analysis to Commercialisation Coverage was designed to shut the hole between information technology and worth creation.

This, he mentioned, can be made doable by establishing clear, structured, and nationally relevant pathways for turning analysis outputs into industrial, industrial and societal worth.

“This coverage is just not about commercialisation for its personal sake; it’s about developmental affect.

“It’s about making certain that analysis responds to actual nationwide wants, improves productiveness and strengthens Nigeria’s world competitiveness,” Alausa mentioned.

The minister mentioned the steering committee would offer general strategic path, making certain alignment with nationwide priorities and assure institutional possession on the highest degree.

Moreover, he mentioned the coverage drafting committee would undertake the technical work.

In accordance with him, the drafting crew will develop and finalise the nationwide coverage, suggest financing and incentive mechanisms, design an implementation roadmap and set up a results-based monitoring and analysis framework.

“The end result have to be a sensible, implementable coverage supported by clear institutional preparations and monitoring mechanisms.

“Nations that rise within the twenty first century are these that may convert concepts into worth at scale,” he mentioned.

Alausa counseled the Analysis, Innovation and Commercialisation Committee (RICC) and its companions for laying the groundwork for the coverage, stressing that the method should stay evidence-based, inclusive and action-oriented.

He additionally introduced elevated authorities assist for analysis commercialisation, together with a N3 billion operational finances for the RICC within the 2026 monetary yr and the harmonisation of present analysis funding traces to make sure synergy and measurable affect.

“We will now not spend billions with out seeing affect. Instances have modified, and we should work collaboratively to ship outcomes for the Nigerian folks,” he mentioned.

On his half, Chairman of the Coverage Drafting Committee, Dr Tayo Aduloju, mentioned the coverage would assist construct a robust institutional base for Nigeria’s industrialisation.

He assured that the committee would undertake inclusive, empirical and evidence-based approaches and ship the draft coverage throughout the agreed three-month timeline.

“There is no such thing as a industrial nation that has not mastered the pathway this coverage seeks to embed as a nationwide framework.

“Nigeria wants insurance policies that work for us at residence. We take this duty critically and can expedite motion to ship a contextual and impactful coverage,” Aduloju mentioned.

The Information Company of Nigeria (NAN) studies that the inauguration alerts the graduation of labor on the Nationwide Analysis to Commercialisation Coverage.

It’s anticipated to strengthen linkages amongst authorities, academia, trade, and the personal sector. (NAN)(www.nannews.ng)

 

Edited by Deji Abdulwahab

 





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ByTerfa Ukende
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Terfa Ukende is a seasoned financial writer with over seven years of experience covering topics on finance, investment, and economic development. He began his writing career with NewsWay before joining Watch Nigeria, where he continues to educate readers on wealth building, market trends, and smart money management. He holds a Bachelor’s degree in Statistics and Computer Science, which strengthens his analytical approach to financial reporting and investment insights.
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