Czech Republic, Nigeria commit N9b to raise 25 registered companies

PIC reveals 25 winners of R& D Project Proposals on Delta- 2 programme

AS a direct intervention fund to boost research and development- based economic activities in Nigeria, leading to commercially viable businesses, the partnership between the Czech Republic and Nigeria is yielding N9 billion direct support for 25 Nigerian registered companies to start off in the country under the Delta- 2 programme.

This was disclosed by the Chairman, Presidential Implementation Committee ( PIC) on Technology Transfer between Nigeria and Czech Republic, Dr. Mohammed Dahiru.

The official announcement of results of successful top 25 applicants ( five on waiting list), under the Delta- 2 Programme, Czech- Nigeria Bilateral Co- Funding R& Ds for year 2023, was held, yesterday, at the Technology Orientation Centre ( TOC), NASENI Headquarters, Abuja.

At the event, Dahiru disclosed that the 25 companies that scaled evaluation process of the assessment committee criteria will receive funding from the Czech Republic- Nigeria Co- funding R& Ds project next year, 2023. The Czech Republic government is supporting Nigeria’s technology- based enterprises with $ 10 million ( N4.5 billion equivalent), alongside a match- up fund of the same amount already approved by the Federal Government, through the National Agency for Science and Engineering Infrastructure ( NASENI).

In his opening remarks, the Co- Chair of the PIC and Executive Vice Chairman/ Chief Executive of NASENI, Prof. Mohammed Sani Haruna, who joined the event via Zoom, said the evaluation of the proposal was carried out diligently by members of the assessment committee, under the auspices of the PIC.

The members were selected from Nigeria Academy of Science, Nigeria Academy of Engineering ( as research experts) and the NigeriaCzech Republic Trade and Investment Council ( as business experts).