NASENI Products to Hit Markets by First Quarter 2024
By Patience Ikpeme
The National Agency for Science and Engineering Infrastructure (NASENI) is set to commercialize its products through technology transfers, with the first products expected to hit the market by the first quarter of 2024.
Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NASENI, Mr. Khalil Suleiman Halilu, disclosed this in Abuja on Thursday, November 2, 2023, during his maiden television media interaction.
Halilu said that the era of stacking prototypes on shelves has ended in the agency, and that all its products and technologies must find their ways to the market.
He added that NASENI has secured a $200 million procurement agreement with the Rural Electrification Agency (REA) for the supply of its products.
Halilu also revealed that NASENI has attracted lots of private sector interest, with many companies looking to partner with the agency to commercialize its products. He said that NASENI has received letters of intent from Chinese companies worth $4 billion, following a recent trip to China by the agency’s top management.
The EVC/CEO said that NASENI’s goal is to make its products and technologies available in every household in Nigeria in the next few years. He added that the agency is working on a national re-branding campaign to achieve this goal.
The commercialization of NASENI products will have a number of positive implications for Nigeria, including: Increased economic growth; Job creation; Reduced poverty; Improved technological development and Increased foreign investment
NASENI’s focus on developing and commercializing products and technologies in key sectors such as renewable energy, agriculture, and manufacturing will help to diversify the Nigerian economy and make it less reliant on oil exports.
The agency’s partnerships with the private sector will also help to create jobs and boost the country’s tax base.
Overall, the commercialization of NASENI products is a positive development for Nigeria and its citizens. It has the potential to accelerate the country’s economic development and improve the lives of its people.