Strategies for Economic Empowerment Through Endogenous Science and Technology

Abstract

Sustained and effective development of endogenous science and technology (ES and T) will make a tremendous impact on the nations and on the achievement of the Millennium Development Goals (MDGs) as agreed at the Millennium Summit in Brazil in 2000. Increasing levels of understanding and learning of science, engineering and technology will facilitate the blending of endogenous and exogenous science and technology to meet our needs and priorities such as the objectives outlined by New Partnership for African Development (NEPAD) and the policy thrustS and Targets of the various sectors of the economy by NEEDS. There are different outputs of S and T and special features of technological learning that people have to be aware. Nigeria has an impressive number of Rand Ds and IDCs such as PRODA, FIIRO, NOTAP, RMRDC and NASRDA. The works of FIIRO in S and T has been acclaimed as masterpiece. Research and Development institutions (R and Ds) have important role to play in the design and implementation of strategies already put together by National Economic Empowerment and Development Strategy (NEEDS). World bodies such as UNDP, UNESCO, World Bank, and South Commission have been making contributions and support to the developing countries to progress in achieving economic development through science and technology (S and T). They have capacities for technical, financial, scientific, strategic, et cetera advice. Limited capacities and awareness are restricting nations from enjoying their services. These bodies suggest strategies for Sand T development, give conditions for benefiting from their assistance; and fund publications to disseminate knowledge. ES and T offer many challenges and opportunities to the developing nations who may have to set up different specialised types of institutions to facilitate the learning.