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Bill to establish National Industrial Technology Park passes second reading

Senator Ibikunle Amosun

A Bill to establish the National Industrial Technology Park has passed second reading in the Senate.

The Bill Sponsored by Senator Ibikunle Amosun representing Ogun Central seeks to assist in nurturing Nigerians to be technologically competitive, and serve as a platform for the promotion and commercialisation of research and development. 

According to Senator Amosun, the objective of the Industrial Park bill shall among other things Stimulate investment and create employment.

Facilitate export growth and foreign exchange earnings, (ii) Develop industrial clusters, (iii) Elicit knowledge transfer and technology spillover, ( iv) Establish connections to the global value chain Develop research centers, and (v) Foster sustainable growth and social equality.

Senator Amosun stressed that industrial parks are taking the lead as incubators for innovative technology in developed climes.

“The establishment of Parks, such as this, makes it easier for companies and entrepreneurs to leverage the availability of resources, technical know-how, knowledge and professionalism, which can pave the way for developing and testing business and technology solutions”.

He emphasized that the establishment of an Industrial Park will accelerate the process of reforming and diversifying the nation’s economy,.

“When this Bill is passed into law, it will bring about technological advancement and technological self-reliance for our nation, thereby making Nigeria an industrial nation. It will also serve as a source of wealth generation and enhancement for investors and governments”.

All the Senators who contributed to the debate on the bill, supported its passage for second reading as they overwhelmingly voted to that effect when the President of the Senate, Senator Ahmad Lawan  put it to a voice vote

Reporting by Amaka Ene, editing by Daniel Adejo.