The Federal Government says it is fully committed to revamping the nationâ€™s economy from a resource-base to a science and technology- based economy by 2030.
Minister of Science and Technology, Dr. Ogbonnaya Onu, gave the assurance at the South-South Sensitisation to the National Science, Technology and Innovation Roadmap (NSTIR) 2030 on Friday in Port Harcourt.
He said NSTIR, when fully implemented, would enable Nigeria to become a major exporting nation rather than its dependence on importation of raw materials and finished products.
According to him, the Buhari-led administration is fully focused to end the nationâ€™s over-reliance on crude oil and gas as its major exchange earner.
â€œRecently, we got an information that, between 2010 and 2015, Nigeria imported raw materials and finished products worth over N43 trillion.
â€œThe statistics did not come from us (Ministry) but came from the National Bureau of Statistics and the Nigerian Custom Service, which is quite disturbing.
â€œThis explains why the Naira is growing weaker and weaker; we cannot sustain importation because our population is growing.
â€œSo, if we do not chart a new course, then we will keep importing far more and there will be a point where we cannot pay for it,â€� he said.
Onu said that Nigeriaâ€™s reliance on importation of goods and services had damaged the nationâ€™s economy and led to non-creation of new jobs.
The minister expressed optimism that the policy (on importation) would save the nation at least N3 trillion (10 billion dollars) in the next five years.
â€œThis huge sum, rather than being used to import raw materials and products, would be used to build new roads, schools, hospitals and water and electricity infrastructures
â€œSo, this is what the Buhari led administration is determined to achieve and as such, the ministry is working very hard to give him the support to reverse the trend,â€� he said.
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