The Federal Government on Tuesday signed a Memorandum of Understanding (MoU) with three companies to commercialise indigenous food products.
Minister of Science and Technology Ogbonnaya Onu said the effort was in a bid to enhance the nation’s Gross Domestic Product (GDP) and close technological gaps in industries.
He listed the three companies involved in the MoU as Tiger foods Limited, Lensof Konsult and Lashone Links Communications Limited.
He said the MoU would guide publicity and creation of awareness for the promotion and utilisation of indigenous research and development breakthroughs.
”The commitment of the present administration is to strengthen the economy through promotion of innovative technologies that will reduce import dependence, enhance local content and strengthen self-sufficiency,” he said.
The minister assured the three companies of the ministry’s support.
