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NOTAP has saved Nigeria N188.2bn in 6 years — Senate

By Emmanuel Elebeke

The Senate has said that the National Office for Technology Acquisition and Promotion (NOTAP) has lived up to its mandate by saving the country a whopping sum of N188.2billion in six years, which would have left the country as capital flight.

The Chairman Senate Committee on Science and Technology, Prof.   Ajayi Borroffice  stated this at NOTAP corporate headquarters Abuja, when he led the Senate Committee on Science and Technology in an oversight function to NOTAP.

He further commended NOTAP for fruitful partnerships with both public and private establishments especially that of Friesland Campina WAMCO in dairy development which has seen local milk producers take a 10 per cent share in the domestic market.

SENATE CHAMBER DURING THE INAUGURATION OF THE 8TH NATIONAL ASSEMBLY IN ABUJA ON TUESDAY (9/6/15).

Prof. Borrofice also said the establishment of 38 Intellectual Property and Technology Transfer Offices (IPTTOs) in some selected tertiary and research Institutions in the country was a demonstration of total understanding of the global trends in intellectual property development.

He added that as a former lecturer, he understood the huge financial requirement involved and therefore advocates for a special research fund to enable researchers carry out some demand-driven research.

Earlier in his welcome address, the Director General of NOTAP, Dr. DanAzumi Ibrahim said that the   mandate of the office was very vital to the socio-economic development of the country, adding that no country can be regarded as developed without evolving technology based products and services from her indigenous knowledge system.

The DG said though NOTAP deals mainly with intangibles, the resultant effect of the agency’s regulatory activities was huge in terms of financial savings to the nation, adding that NOTAP insists that no company shall be granted the technology transfer agreement certificate to bring in expatriates when there are local capacities to handle such jobs.

 

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