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Tertiary Education Trust Fund, TETFund, has received the draft executive bill for the establishment of the National Research and Development Foundation, NRDF.

The Executive Secretary of TETFund, Prof Suleiman Bogoro, who received the draft law from the TETFund NRDF Bill Drafting Committee in Abuja, thanked the Attorney General of the Federation, AGF, Abubakar Malami, for drafting staff of the Justice Ministry for the task.

Bogoro said with the draft bill already submitted, a foundation has been laid for driving Nigeria’s knowledge-driven economy, adding that the country has no option other than to embrace knowledge in its pursuit of economic development.

According to him, the document is clear on what it intends to accomplish, which is the establishment of a national research and development foundation that will coordinate research efforts in the country to usher it into a knowledge-based economy.

While applauding the committee for its effort, he noted that each of the persons invited to the R&D committee was mandated to make a specific contribution to the country.

The TETFund boss said Nigeria’s economy cannot be competitive if it does not institutionalize research and development, R&D.

“When we lack the fidelity to implement our policies and lack the discipline to enforce our laws, it is precisely why Nigeria has failed. We have failed to attain our potential as a nation because of some of these areas.

“And let us admit collective guilt we shouldn’t be back-passing; so when we bring ourselves like this, those in government are there, the academia, of course, is there; the industry operators are there.

“We agree to come together to speak the same language, the ultimate outcome, we agree to be a more competitive Nigerian economy and the nation overall,” he said.

Earlier, the Chairman of the Drafting Committee, Prof. Auwalu Yadudu, said the committee was inaugurated two months ago to draft an executive bill for the establishment of the research and development foundation.

Yadudu said the bill has the support and endorsement of the executive and will be forwarded to the Minister of Education for approval before submission to the National Assembly.

“The bill seeks to establish a national research and development foundation to Institutionalise, mainstream and commercialize research and development, promote innovation and support enterprise development for job and wealth creation for a knowledge-driven economy for Nigeria.

“Everything else that we do will remain in our laboratories, in our thesis, in our classrooms if it is not translated into some applications, some uses which will require the intervention and participation of the industry,” he said.

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