The Federal Government has inaugurated a high-level Ministerial Committee tasked with driving the commercialisation of research outputs from Nigeria’s tertiary institutions. The Research and Innovation Commercialisation Committee (RICC) was inaugurated in Abuja recently by the Minister of Education, Morufu Olatunji Alausa.
Alausa said the initiative aims to bridge the long-standing gap between academia and industry by turning homegrown research into commercially viable products and services. He noted that the development aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to transition Nigeria from a resource-dependent to a knowledge-based economy.
According to him, “Nations that have achieved sustainable development and global competitiveness have done so by investing in knowledge creation and, more importantly, in the effective commercialisation of research outputs.” The committee is chaired by Dr Tayo Aduloju, CEO of the Nigerian Economic Summit Group (NESG). It includes members such as Prof. Ibrahim Katampe, Dr Umar Bindir, Prof. Sydney Ibeanusi, Dr Detoun Ogwu, and representatives from the Federal Ministry of Science and Technology, the Bank of Industry, the Manufacturers Association of Nigeria (MAN), and Nigerian universities.
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