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Tuesday, 11th July 2023

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Home » Technology » FG signs agreement with UK firm on Tech Park
Technology

May 3, 2023


FG SIGNS AGREEMENT WITH UK FIRM ON TECH PARK

By Emmanuel Elebeke

The Federal Ministry of Science, Technology and Innovation (FMSTI) has signed an
agreement with Across Atlantic Development (AAD), a United Kingdom based company
to develop and establish a Science and Technology Park, as well as Science
Museum at Sheda Science and Technology Complex (SHESTCO) Abuja.



This partnership was initiated through the private-public partnership (PPP)
initiative, with AAD pledging to provide the required funding for the
development of the SHESTCO Science and Technology Park.




Speaking at the signing of the MoU, in Abuja, the Minister of Science Technology
and Innovation, Sen. Adeleke Mamora disclosed that promoting and establishment
of science and technology parks in Nigeria had been the desire of the ministry
since 2006.

Recall that six science parks were initially proposed, one in each geo-political
zone after a nationwide survey to identify the science, engineering, technology
and innovation (SETI) landscape of the country before a model science and
technology park at Sheda Science and Technology was approved, where 79.5
hectares of land was provided.

Adeleke noted that the implementation of the signing of the MoU must be achieved
to create more jobs for the youths through the science park. He assured
stakeholders that the ministry was already partnering with institutions and
development partners locally and internationally to assist in the implementation
of the SHESTCO Science and Technology Park.

In his own remarks, the Minister of State, Science Technology and Innovation,
Chief Henry Ikoh described STI as a key element of the micro-small and
medium-scale enterprises strategy and action.

According him, SHESTCO Science and Technology Park would serve as a model for
replication by state governments, universities, the private sector and other
organisations interested in establishing science and technology parks. He tasked
stakeholders to take specific actions and initiatives to achieve the desired
objectives of mainstreaming STI in the national development agenda.

Earlier in his welcome address, the director-general of SHESTCO, Prof. Paul
Onyenekwe stated that SHESTCO has provided a strong science base for the takeoff
of the park. He stressed that a Science and Technology Park of this magnitude is
expected to consist of supporting infrastructure for its establishment and
development to achieve the desired goal of springing up knowledge-based
enterprises.

The CEO of AAD, Dr. David Apollos, disclosed that the science park is a
multi-million-dollar project that will move the country forward through STI. He
revealed that it had obtained 90 per cent of the project fund, with the EU
providing over 70 per cent of the funds.



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