The Minister of Science and Technology, Dr. Ogbonnaya Onu, has revealed that the Federal Government is in the process of establishing a science and technology development bank.
The minister said the bank would help the informal sector close technological gaps and give financial assistance for research and innovations activities across the country.
Onu said the ministry had began the process of establishing the bank with a view to implementing a venture capital component, which would help catalyse the process of technological development in the country.
However, he called on the association to brace itself for the challenge of population growth in the country by improving on the quality of time spent by the public at workshops and make honesty and reliability their watchwords.
He reiterated the pivotal role the informal sector offers in creating employments and job opportunities for teeming youths in Nigeria.
