The Federal Government is to empower more Nigerians at home and in the Diaspora to participate effectively in the management of the economy by attracting both local and foreign investments.
The Minister of Science and Technology, Dr. Ogbonnaya Onu disclosed this at the South-South dialogue on the Presidential Executive Order No.5 held on Tuesday in Port-Harcourt.
Dr. Onu said the Executive Order 5 was signed by Mr. President to redirect the economy to become one that is knowledge-based, innovative and attuned to the challenges of the times.
Nigerian youths, professionals, indigenous contractors and consultants are indispensable if Nigeria was to become a truly great economy, Dr. Onu added.
He said that Nigerian professionals in all fields now have greater opportunities to participate in the economy by utilizing the tax incentives and other waivers given to them by the Executive Order 5.
“The Federal Government will henceforth place premium on the use of indigenous professionals and firms in the design and execution of projects involving national security. Foreign experts will only be engaged on condition that such expertise is not available in Nigeria. Even when they are engaged, Nigerian professionals would be attached to understudy them”. He added.
According to Dr. Onu, “all MDAs are to take steps to encourage indigenous professionals in the Diaspora to return home and use their expertise to develop Nigeria. It was on this basis that a delegation from the Federal Ministry of Science and Technology, visited 3 states in the USA from 27th August to 3rd September, 2018”.
Dr. Onu said he was happy with the new positive attitude being accorded Science and Technology in the scheme of things.
Dr. Onu further said that The Executive Order 5, is a tool to promote patriotism and economic nationalism which in turn will usher in a new era of social engineering for the nation, adding that Nigerian firms in the next decade will actively compete with the best firms from other parts of the world for International projects.
Head Press and Public Relations
Federal Ministry of Science and Technology
31st October 2018.