FG signs MoU with agencies to commercialize indigenous food products

THE Federal Government, on Tuesday, signed a Memorandum of Understanding (MoU) with Tiger foods limited, as well as Lensof Konsult and Lashone links limited on commercialization of indigenous food products.

This development, according to the Federal Government, would enhance the national Gross Domestic Product (GDP) and close technological gaps in the industries.

Minister of Science and Technology, Dr Ogbonnaya Onu, who signed on behalf of the government in his office in Abuja, assured the agencies of the ministry’s support to sustain the economy on a path of growth.

He said President Muhammadu Buhari led administration was committed to strengthen the economy through the promotion of innovative technologies that would reduce importation with a view to enhancing local content and strengthen self-sufficiency.

In her remarks, Director-General of FIIRO, Gloria Elemo said that the institute was poised on its vision to ensure effective commercialization of indigenous research and development, in order to bail out the country its hardship and economy recession.

According to her, “in the process of commercialization of indigenous technologies, jobs will be created, wealth will be generated, foreign exchange will be conserved, national GDP will be enhanced through the productive sector of the economy”.

She stated that the institute took advantage of the increasing need for convenience food products to upgrade its Research and Development (R&D) and packaged them in forms ready for immediate commercialization.