Agency boss tasks investors on research
The
Director-General, Raw Materials Research and Development Council
(RMRDC), Peter Onwualu, has urged investors and businessmen to invest
in the commercialisation of Nigerian research and development (R&D)
findings.
s Mr. Onwualu said
that most investors ‘‘do not want to invest in the outcomes of R&D
in the country because they want immediate returns on their
investments’’.
He said that some
investors are also afraid that the products would not make much wave in
the market. ‘‘The only problem is that investment in commercialisation
of research finding takes longer time to be actualised for profit, most
businessmen in Nigeria find it difficult to invest and wait that long
and that is why most of these prototypes are finding it difficult to
hit the market’’.
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