FG commends NOTAP’s strategic role in protecting national economy

The new Permanent Secretary (PS) in the Federal Ministry of Science Technology and Innovation (FMSTI) Mr. James Sule, has commended the National Office for Technology Acquisition and Promotion (NOTAP) for its regulatory role in the protection of the national economy through interventions in registering and evaluating technology transfer agreements.

The Permanent Secretary gave the commendation recently, when the Director General of NOTAP Dr. DanAzumi Mohammed Ibrahim led his management team to the ministry on a special briefing of the agency’s activities.

He said that the huge financial savings of N140 billion by NOTAP between 2012 and 2022 through its activities was commendable. He urged the agency not to rest on its oars to ensure that the nation’s economy is protected from capital flight.

Accordingly, the Permanent Secretary hailed the Local Vendor policy instituted by NOTAP saying it has helped to enhance the skills of young indigenous ICT experts, some of whom have developed software locally and have started exporting them to some African countries.

While commending the agency’s management for the completion of its corporate headquarters building project, he called for synergy amongst the various agencies under his supervision adding that there is need to work hard to fuel innovation for the betterment of the nation’s economy.

 Earlier, in a presentation to the Permanent Secretary, the agency’s DG, said NOTAP was established to regulate the inflow of foreign technology into the country and has saved about 140 billion naira that would have left the nations shores as capital flight between the years 2012 to 2022.

He added that the office also instituted the Local Vendor policy that has enabled local players in the ICT sector in Nigeria to build capacity in software development adding that many of them have started exporting software to other African nations.