Abuja, Nov. 20, 2024 – The federal government has established a National Engineering and Innovation Fund (NEIF) to facilitate the development of engineering innovations and entrepreneurship.
Bello Goronyo the Minister of State for Works, announced this during 2024 International Engineering Conference, Exhibition, and Annual General Meeting of the Nigerian Society of Engineers (NSE) in Abuja.
The theme of the conference was “Sustainable Engineering Solutions to Food Security and Climate Change”.
The minister said the development of the fund was imperative in view of the need to leverage engineering expertise to address critical national challenges.
“I am proud to announce the establishment of the National Engineering and Innovation Fund.
“This initiative is designed to provide grants and resources to engineers and technologists working on solutions tailored to Nigeria’s unique challenges.
“It will also bolster local innovation, encourage entrepreneurship, and ensure Nigeria’s leadership in engineering advancement across Africa,” he said.
The minister said the Fund would play a critical role in strengthening regulations and standards, reiterating the government’s commitment to quality and safety in engineering practices.
He called for collaboration with the Nigerian Society of Engineers (NSE) and other regulatory bodies to entrust critical national projects only to licensed and qualified professionals.
Goronyo advised the engineering community to explore renewable energy solutions such as solar and wind to ensure access to reliable, affordable, and sustainable energy. (GBN)
