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Nigeria's $500M Research Fund: Road to $1T Economy?
Tobiloba OdejinmiVon Tobiloba Odejinmi
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6. Mai 2026 • 8:32 PM
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Nigeria's Federal Government approves the National Research and Innovation Development Fund (NRIDF), targeting $500 million annually to drive research, innovation, and commercialization. Education Minister Tunji Alausa announced the initiative to foster collaborations, strengthen infrastructure, and support President Tinubu's $1 trillion economy goal, drawing lessons from South Korea and Singapore. The fund, chaired by VP Kashim Shettima, emphasizes non-budgetary funding and minimal bureaucracy.
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