The National Agency for Science and Engineering Infrastructure (NASENI) has announced that it has secured $2 billion worth of commitments from international partners to boost Nigeria’s industrial and technological development. The agency also revealed that it has successfully developed 40 market-ready products designed to drive innovation, reduce import dependency, and stimulate local manufacturing.
Speaking at a media briefing in Abuja, NASENI’s Executive Vice Chairman, Khalil Halilu, said the achievements were part of the agency’s renewed mandate under President Bola Tinubu’s administration to foster economic diversification through science, technology, and innovation. He stressed that the $2 billion commitments will support critical projects in renewable energy, agriculture, solid minerals, and advanced manufacturing.
Halilu highlighted that the 40 products developed by NASENI are tailored to meet Nigeria’s local challenges, ranging from solar-powered innovations and agricultural machinery to digital technology tools. According to him, these products will be introduced to both domestic and international markets in phases, creating jobs, boosting industrial productivity, and empowering small and medium-scale enterprises.
He further assured Nigerians that NASENI is committed to working with private sector partners, research institutions, and international investors to ensure the commercialization of these products. He noted that Tinubu’s administration has been instrumental in providing policy support, which has helped reposition NASENI to attract investment and drive industrialisation.
Observers say this development signals a significant step in Nigeria’s quest for technological self-reliance and aligns with the president’s broader economic reforms aimed at strengthening non-oil sectors.
More than news- Its Icegate