FEC Approves Technology Acquisition Policy To Boost Investment

The Federal Executive Council has approved a new policy for technology acquisition to allow foreign investment in Science, Technology and Engineering from where local content could be developed. 

The Minister of Science and Technology, Dr Ogbonnaya Onu, announced this at the end of the FEC meeting in Abuja yesterday. 

According to the minister, the council expects the policy to facilitate technology transfer, more taxes as well as wealth creation for the country. 


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